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Beware of an Overseas Crypto Scam, Thai Regulator Stipulates

Beware of an Overseas Crypto Scam, Thai Regulator Stipulates

The Thai Securities and Exchange Commission (SEC) has discovered a crypto scam where overseas companies are involved.

60-Year-Old Man Cons Over 50 People with Indian Crypto Scam

60-Year-Old Man Cons Over 50 People with Indian Crypto Scam

Police have revealed another crypto scam in India has left more than 50 people counting losses.

Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC

Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC

Recently, a Bitcoin sex scam that has been running since 2015 accumulated fraudulent funds of approximately $115,000 before being detected.

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Australian entrepreneur Dick Smith is threatening The Guardian with legal action after it hosted ads linked to fake news of Smith supporting a Bitcoin and crypto scam.

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

An emergency cease and desist order has been issued against the “Bitcoin Pope” trader, under allegations of fraudulent cryptocurrency investments.

Chainalysis Launches Operation Spincaster to Combat Crypto Scams

Chainalysis Launches Operation Spincaster to Combat Crypto Scams

Chainalysis has introduced Operation Spincaster, a collaborative initiative aimed at disrupting and preventing crypto scams through public and private sector cooperation.

Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes

Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes

The rise in crypto scams in 2024 underscores the need for vigilance in the Web3 space, according to the Australian Securities and Investments Commission (ASIC).

Address Poisoning Scams: A Growing Threat in the Crypto World

Address Poisoning Scams: A Growing Threat in the Crypto World

Address poisoning scams are emerging as a significant threat in the crypto space, targeting high-value users by mimicking frequent transaction addresses.

Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon

Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon

A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.

Crypto Scams Took in More Than $30 Million in Taiwan in 2019

Crypto Scams Took in More Than $30 Million in Taiwan in 2019

Blockchain and cryptocurrency investment scams have risen and have reached $900 million New Taiwan dollars ($30 million) in Taiwan last year, according to Gao Hongan, a political figure in the country.

Investment Fraudsters Sentenced to Over Six Years for Telecoin Crypto Scam

Investment Fraudsters Sentenced to Over Six Years for Telecoin Crypto Scam

Two fraudsters, Ross Jay and Michael Freckleton, were sentenced to over six years for a £500,000 scam involving a fictitious cryptocurrency "Telecoin."

CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme

CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme

Two suspected cryptocurrency fraudsters Sam Ikkurty of Portland, Oregon, and Ravishankar Avadhanam of Illinois have been charged by the United States Commodity Futures Trading Commission (CFTC) for illegally soliciting as much as $44 million through Ponzi-like scheme

Ronaldinho's Crypto Scam: A Deep Dive into the $61 Million Controversy

Ronaldinho's Crypto Scam: A Deep Dive into the $61 Million Controversy

Ronaldinho Gaúcho, a Brazilian football icon, is under legal scrutiny for allegedly involving a cryptocurrency scam that could impact his celebrity endorsements, as his venture, '18kRonaldinho', promises daily returns of over 2%.

Coinbase Rolls Out AI-Driven ERC-20 Scam Token Detection System

Coinbase Rolls Out AI-Driven ERC-20 Scam Token Detection System

Chief Legal Officer Paul Grewal unveils Coinbase's ERC-20 Scam Token Detection System, combining smart contract auditing with machine learning to tackle crypto scams. Disclosed on October 6, 2023, this initiative enhances security and trust in token listings on the platform.

CertiK: Crypto Social Media Scams Surge

CertiK: Crypto Social Media Scams Surge

CertiK discusses the growing threat of crypto scams on social media, citing a FTC report revealing over $1 billion lost in the 18 months leading to June 2022, with nearly half coming from social media interactions. It suggests preventive measures like hardware wallets and smart contract security audits.

Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors

Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors

The US Securities and Exchange Commission filed a complaint against three men posing as pastors who defrauded churchgoers in a cryptocurrency Ponzi scheme.

Turkish Crypto Exchange Goes Bankrupt, Customers Locked Out of Their Funds

Turkish Crypto Exchange Goes Bankrupt, Customers Locked Out of Their Funds

Thodex crypto exchange has gone offline and its customer service vanished too, thus leaving users in the dark.

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams

The Central Bureau of Investigation of India is partnering with Singapore-based Liminal to secure digital assets seized during investigations amid rising cryptocurrency frauds in India.

California Governor Gavin Newsom Warns Bitcoin Scams are Targeting Public In COVID-19 Market

California Governor Gavin Newsom Warns Bitcoin Scams are Targeting Public In COVID-19 Market

In his official address, Gavin Newsom California governor cautioned the public against individuals asking for advance payment in Bitcoin with the promise of delivering essential commodities.

New Zealand Investigates Second Auckland Church Over OneCoin Scam Links

New Zealand Investigates Second Auckland Church Over OneCoin Scam Links

The Department of Internal Affairs (DIA) in New Zealand is probing the second church in Auckland over allegations that it is linked to OneCoin, a ponzi scheme promoted as a cryptocoin with a private blockchain which has been red flagged as a scam.

French Football Star Mbappe Seeks out Crypto Scammers Trying to Score off The PSG Striker's Reputation

French Football Star Mbappe Seeks out Crypto Scammers Trying to Score off The PSG Striker's Reputation

Kylian Mbappe PSG star launches lawsuit over Bitcoin scammers who are allegedly using his name and image to convince investors to buy-in.

Hong Kong Suffers Surge in Crypto Scams in 2022

Hong Kong Suffers Surge in Crypto Scams in 2022

Hong Kong police reported a surge in crypto-related scams in 2022, with losses amounting to HK$1.7 billion ($216.6 million), up 106% from the previous year. The number of crypto-related scam cases reported in Hong Kong also surged by 67% from 2021. Such scams accounted for over 50% of the HK$3.2 billion ($407 million) stolen from city residents in technology crimes. The Hong Kong police CyberDefender website reported almost 23,000 cases of technology-related crimes in 2022. The use of cryptocurrency has made it more complicated for enforcement to track criminal funds, as fraudsters can hide their identities, transactions, and final destination.

Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage

Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage

The Ugandan government has formed a team of experts to research and offer guidance on digital financial operations, such as cryptocurrencies in the wake of recent crypto scams.

Scammers adapt to survive during crypto winter

Scammers adapt to survive during crypto winter

While crypto scam revenue dropped by 46%, scammers adapted and shifted their strategies to prey on people's emotions, with romance and giveaway scams on the rise.

Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims.

Percentage of Crypto Transaction Volume Used for Crime is Reducing: CipherTrace

Percentage of Crypto Transaction Volume Used for Crime is Reducing: CipherTrace

The growth of the broader cryptocurrency ecosystem is not reflected in the percentage of crypto transaction volumes being used for illicit or fraudulent criminal activities.

Whale Alert Analysis: Scammers Have Bagged Bitcoin Worth $24 Million in the First Half of 2020

Whale Alert Analysis: Scammers Have Bagged Bitcoin Worth $24 Million in the First Half of 2020

Leading blockchain tracking and analytics provider Whale Alert has revealed that scammers have been on a stealing spree as they have made away with $24 million in Bitcoin so far in 2020. Cumulatively, they have siphoned Bitcoin valued at $38 million over the last four years, and this excludes Ponzi schemes as they are a billion-dollar sector on their own.

BNB Chain Dominates Q1 2023 Rug Pull Scams

BNB Chain Dominates Q1 2023 Rug Pull Scams

According to a report by blockchain security firm Immunefi, BNB Chain saw 73.3% of all rug pull scams in the crypto ecosystem during Q1 2023. The report also revealed that BNB Chain and Ethereum were the two largest targets for hackers and scammers, with 68.8% of total losses from these networks combined.

Latvian National Extradited to the U.S for Crypto and Wire Fraud

Latvian National Extradited to the U.S for Crypto and Wire Fraud

Ivars Auzins, a Latvian citizen, accused of committing securities and wire fraud using eight companies that alleged to mine or invest in crypto assets, was extradited to the United States to face a six-count indictment charge.

Binance Co-Founder Yi He Champions Transparency and Security Amidst Crypto Evolution

Binance Co-Founder Yi He Champions Transparency and Security Amidst Crypto Evolution

Binance Co-Founder Yi He addresses the crypto community with vital announcements on enhancing listing transparency and security measures, showcasing Binance's proactive approach in combating scams and ensuring a trustworthy trading environment.

Bitcoin Twitter Hack Investigation Reveals Second Teen Mastermind

Bitcoin Twitter Hack Investigation Reveals Second Teen Mastermind

US authorities revealed that there may have been another hacker that played a prominent role in the Bitcoin hack that overtook Twitter on July 15.

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ

The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam

The founder of Ethereum-based smart contract platform Oyster Protocol has been arrested following an exit scam in which he reaped a multi-million dollar profit.

American Fugitive Wanted for $722 Million Crypto Scam Arrested in Indonesia for Child Sex Offenses

American Fugitive Wanted for $722 Million Crypto Scam Arrested in Indonesia for Child Sex Offenses

An American fraud fugitive wanted by the US Federal Bureau of Investigation (FBI) for a $722 million cryptocurrency scam has been nabbed in Jakarta, Indonesia, for child sex crimes.

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

China-based crypto investors launched a cryptocurrency scam of their own, after having been defrauded themselves.

Twitter Hack Goes Viral as Bill Gates, Elon Musk, and Biden Hit by Massive Bitcoin Scam

Twitter Hack Goes Viral as Bill Gates, Elon Musk, and Biden Hit by Massive Bitcoin Scam

Twitter has gone haywire as news of a Bitcoin scam hack targeting multiple high-profile figures such as Bill Gates, Elon Musk, Joe Biden, Jeff Bezos, and even multinational tech company Apple has broken out.

New Zealand Police Issues Warning Against “Nasty” Sextortion Blackmail Porn Scam Demanding Bitcoin Ransom

New Zealand Police Issues Warning Against “Nasty” Sextortion Blackmail Porn Scam Demanding Bitcoin Ransom

New Zealand police are warning about a new porn blackmail scam that is targeting residents who watch adult content videos in the country. Scammers will take compromising video or photos of the victim while they are watching pornography and later contact them demanding a ransom in Bitcoin to keep the content private.

PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison

PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison

The ringleaders of the PlusToken Ponzi Scheme have been charged with 11 years of prison after they stole cryptocurrencies worth 14.8 billion yuan.

Romanian Programmer Confesses to Orchestrating BitClub Crypto Scam Worth $722 Million

Romanian Programmer Confesses to Orchestrating BitClub Crypto Scam Worth $722 Million

Silviu Catalin Balaci, a 35-year old Romanian citizen living in Germany, has owned up to helping create BitClub Network, a crypto mining Ponzi scheme that siphoned off investors’ funds worth $722 million.

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