Crypto Scam
Argentina’s Crypto President in Trouble: Milei Charged Over LIBRA Token Fail
Argentina’s President Javier Milei is under fire after promoting a cryptocurrency called LIBRA. The token tanked shortly after his endorsement, and now he’s facing serious blowback. Opposition lawmakers, like Leandro...
Argentina President Milei Backpedals on LIBRA Meme Token After 89% Plunge in Value
Argentina’s President Javier Milei has retracted his endorsement of the LIBRA meme token, stating he had no connection to the project. His reversal comes after the token’s price tanked almost...
U.S. Extradition Trade: Russian Crypto Fraudster Swapped for U.S. Detainee
The U.S. government has agreed to extradite convicted Russian crypto-laundering suspect Alexander Vinnik in a prisoner exchange with Russia, securing the release of Marc Fogel, an American teacher detained in...
BitBoy Blows Whistle: Alleges Extortion, Fraud in Lamborghini & Crypto Empire Feud
Ben Armstrong, better known as BitBoy, has gone public with serious accusations against former business associates, claiming they engaged in extortion, fraud, and organized crime. This messy situation, fueled by...
$2.5M Crypto Stash Linked to Human Trafficking Seized in Thailand-China Bust
Thai authorities, in collaboration with Chinese police, have frozen cryptocurrency assets worth $2.5 million (around 84 million Thai baht) connected to two Chinese nationals. According to Khaosod English, Thai police...
Ex-Malaysian PM’s X Account Hacked to Promote Fake Crypto
Former Malaysian Prime Minister Mahathir Mohamad’s X account was compromised, with hackers using the platform to promote a fraudulent cryptocurrency named “$MALAYSIA” on the Solana blockchain. The attack, which follows...
FTX Sets Date to Repay Smaller Claims, Bitcoin Price Aside
Failed cryptocurrency exchange FTX says it will pay back some creditors from the Bahamas on February 18, 2025. This repayment is aimed at customers with claims under $50,000 and will...
Pump.fun Hit With Class Action Lawsuit, Accused of Securities Violations
Pump.fun, the memecoin platform, is now at the center of a legal dispute in the United States. A class action lawsuit was filed in the Southern District of New York....
Canada Leads $25M Crypto Scam Takedown with Chainalysis Help
Chainalysis teamed up with the Delta Police Department in Canada for a groundbreaking operation. Code-named “Spincaster,” this initiative took down a sophisticated crypto scam network. The operation froze over $25...
Pig Butchering Scams: India and Tech Giants Take a Stand
India has ramped up its fight against the rising tide of crypto-related scams, particularly the notorious “pig butchering” schemes, by collaborating with tech giants Google and Meta. According to the...
Crypto Theft in Scottsdale: Fake Uber Driver Steals $300K
A man posing as an Uber driver in Scottsdale, Arizona, has been arrested after allegedly stealing $300,000 in crypto assets from two unsuspecting passengers. The suspect, Nuruhussein Hussein, faces multiple...
South Korean Court Upholds Hancom Crypto Scandal Verdict
A South Korean court denied the appeal of the Hancom Group chairman’s son, upholding his prison sentence for creating slush funds using crypto. Specifically, the court had sentenced Kim’s son...
Radiant Capital Hit by $50M Cyberattack: North Korea Group Linked
Radiant Capital has confirmed new findings surrounding the devastating $50 million cyberattack it suffered on October 16, 2024. An investigation by cybersecurity firm Mandiant identified the attackers as UNC4736, a...
Taiwan Introduces Tough AML Rules: Crypto Firms Must Register Locally
Taiwan has implemented stringent anti-money laundering (AML) regulations for virtual asset service providers (VASPs), effective November 30, 2024. This change builds on Article 6 of the Money Laundering Prevention Law,...
Binance Caught in FTX Crossfire: US Department of Justice to Seize $16 Million in Crypto
The FTX bankruptcy case took a new turn, with the US Department of Justice (DOJ) initiating a civil forfeiture procedure against Binance exchange. According to reports, the DOJ aims to...
3AC Founder’s Wife Sells $38.5 Million Singapore Mansion Despite Asset Freeze
The wife of the defunct Three Arrows Capital (3AC) founder, Zhu Su, has reportedly sold a mansion in Singapore for S$51 million (US$38.5 million). This sale occurred despite a court...
Sony’s Soneium Blockchain Project Hit by Google Ad Phishing Scam
A Google ad for Sony’s new blockchain project, Soneium, has been exposed as a scam by Scam Sniffer, a leading Web3 anti-scam platform. Scam Sniffer gained prominence by exposing a...
FBI Sting Operation Exposes Crypto Wash Trading Scheme
An FBI sting operation called Operation Token Mirrors used a fake crypto project, NexFundAI, to expose wash trading by three market makers: ZM Quant, CLS Global, and MyTrade. Blockchain research...
Binance Helps Delhi Police Bust Crypto Scam in India
The Binance crypto exchange teamed up with Delhi Police in the capital region of India, to shut down a complex fraud operation run by “M/s Goldcoat Solar,” which falsely claimed...
Bitfinex Hacker Faces 5 Years, Prosecutors Seek to Deter Crypto Crime
US prosecutors have recommended a five-year prison sentence for Ilya Lichtenstein, who pleaded guilty to a money-laundering conspiracy related to the $6 billion Bitfinex hack. They believe Lichtenstein reflects a...
Philippine Ex-Mayor Embroiled in AAX Crypto Exchange Scandal
Alice Guo, a former Philippine mayor, is facing allegations of involvement with the defunct Atom Asset Exchange (AAX) and other potentially illicit activities. A report from Rappler connects Guo’s business...
Cybercriminals Exploit ChatGPT’s Name in New Ethereum Scam: MEV Bot Fraud Unveiled
Cybercriminals have adapted to trending topics, rebranding their fraudulent schemes under popular names like “ChatGPT.” Earlier this year, SlowMist’s founder Cos warned users on X about arbitrage MEV bot scams....
Staying Safe on Solana: A Guide to Avoiding Crypto Scams
Many blockchain and cryptocurrency users are interested in Solana’s growth. But while reputable developers are building on the scalability-focused blockchain, crypto scammers are taking advantage of new users to exploit...
GOTBIT’s Market Manipulation Charges Cast Shadow Over Crypto Markets
Blockchain analysis platform Santiment forecasts a short-term dip in digital assets. This prediction comes as the crypto community reacts to the news of GOTBIT Consulting LLC and its CEO, Aleksei...
Crypto Detective ZachXBT Exposes Rekt Fencer’s Meme Coin Scam
ZachXBT, quite a popular crypto detective on X, has called out crypto analyst and influencer Rekt Fencer for promoting fake meme coin projects, duping investors. In an X post, ZachXBT...
