Crypto Scam
Chainalysis Exposes the Underbelly of Crypto Money Laundering
Traditional money launderers increasingly use on-chain money transmission. Chainalysis reports the large-scale money laundering infrastructure created by traditional money launderers. The majority of transactions in…
Beware of These 7 Crypto Platforms: Hong Kong SFC Warns
Hong Kong's SFC warns the public against seven entities suspected of crypto fraud. The scams involved luring investors with promises of high returns, then blocking…
June Crypto Phishing Scams Exceed $1 Million, CertiK Warns
June was the fourth month with 10+ phishing scams where investors lost $1M. Phishing scams increased in June with major X accounts being hacked. A…
Phishing Scam Targets Ethereum Scaling Solution Cyber
The Ethereum Layer 2 platform, Cyber, has recently been compromised. Scammers posted fake airdrop rewards, urging community members to sign up. Cyber warns against the…
The Crypto Scam That Landed Two Executives in Prison
Hydrogen CEO Michael Kane will serve 3 years and 9 months behind bars. Head of Engineering Shane Hampton will serve for 2 years and 11…
Deepfake Alarm: Dorsey Warns, Musk Questions Amid Crypto Scam
Jack Dorsey warns deepfakes will make it hard to distinguish real news from fake. Elon Musk questioned whether the online community has not already reached…
50 Cent’s X Hacked in Latest Crypto Pump-and-Dump Scheme
Hackers used 50 Cent’s X account to promote a Solana-based fake memecoin. 50 Cent dissociated himself from GUNIT via an Instagram announcement. GUNIT surged 8,000%…
London’s Kroo Bank Halts Crypto Transfers, Points to Scam Risks
Kroo Bank announces ban on crypto transactions, citing increasing cases of crypto scams. From May 30, 2024, Kroo Bank will not support any cryptocurrency-related transactions.…
Deepfake Crypto Scam Targets Asia: Elon Musk Face Used!
Deepfake crypto scam uses Elon Musk image, targets Asia Deepfakes cause millions in losses. Hong Kong sees surge in fintech fraud. Hong Kong fights back…
Fraud and Money Laundering: Canadian Crypto King and Associate Charged
Aiden Pleterski and aide Colin Murphy charged with money laundering The charges followed a joint investigation by Canada’s DRPS and OSC. OSC advises the public…
