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Curve Finance scam app resurfaces amid fake crypto app surge
7.11.2024
Despite repeated takedowns, the fake Curve Finance app has returned to Apple’s App Store, with reports of user losses intensifying
FBI Warns of Ichcoin Targeting American Crypto Investors
5.10.2024
The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of money. Victims are led to believe their investments...
FBI Cracks Down on Illegal Gambling Network Using Fake Crypto
19.9.2024
A Denver resident has been convicted of running an illegal gambling business involving several parlors across Colorado. The scheme involved electronic games and a fake cryptocurrency to conceal the exchange of credits for cash, revealing fraud and money laundering. The only function of this crypto...
SEC sues ‘fake’ crypto exchanges in first action on pig butchering scams
19.9.2024
The SEC has taken action against romance scammers for the first time, charging two allegedly fake crypto exchanges with carrying out fraud
SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors
18.9.2024
The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from unsuspecting investors. The charges mark the first...
SEC charges siblings over $60M Ponzi touting a crypto trading bot
27.8.2024
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
SEC charges siblings over $60M Ponzi touting a crypto trading bot
27.8.2024
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
Fake Crypto Recovery Service Operator Arrested and Charged
7.8.2024
The Homeland Security Investigations New York has charged Michael Lauchlan for running a fraudulent cryptocurrency recovery service, Coin Dispute Network (CDN), that scammed customers out of their ethereum. Lauchlan convinced clients he could recover lost cryptocurrencies but pocketed the fees...
Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors
28.6.2024
Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely claiming to operate a cryptocurrency investment...
Over 35 fake Elon Musks live-streamed during SpaceX launch
7.6.2024
“This is not a fake, this is a real giveaway. I personally guarantee it to you,” one of 35 deepfake versions of Elon Musk promised
Hong Kong Cracks Down on Fake Crypto Exchange Allegedly Linked to Elon Musk
8.5.2024
The Hong Kong Securities and Futures Commission (SFC) has warned the public regarding Quantum AI, an entity allegedly engaged in fraudulent activities related to virtual assets and deceiving the public by impersonating Elon Musk.
The post Hong Kong Cracks Down on Fake Crypto Exchange Allegedly...
Google Ads Promotes Fake Crypto Website Leading to Phishing Scam
19.4.2024
Google's online advertising platform, Google Ads, is promoting malicious crypto websites, exposing users to a phishing scam.
The post Google Ads Promotes Fake Crypto Website Leading to Phishing Scam appeared first on Cryptonews
Reddit User Loses $250,000 in ETH to Crypto Airdrop Scam — How Can Investors Stay Safe?
17.1.2024
Fake crypto airdrops are luring unsuspecting investors with promises of free tokens in order to steal funds. Image by Iftikhar Alam, Vecteezy. A Reddit user recently fell victim to an elaborate cryptocurrency phishing scam, losing the equivalent of $250,000 in ether (ETH) after responding to a fake...
Crypto Scammers Swipe $123K in stETH from Nest Wallet Founder in Fake Airdrop
2.1.2024
The Nest Wallet founder has lost his life savings in an elaborate fake crypto airdrop scam. Image by Kerem Goktug Kaya, DALL-E 3. In a sobering reminder of the prevalence of cryptocurrency scams, Nest Wallet co-founder Bill Lou revealed on Tuesday he fell victim to an elaborate fake airdrop scheme...
Attorney Says They Are “Receiving 5-6 Emails a Day” From Victims of Pig Butchering Scams
1.1.2024
Source: AdobeStock / James Thew Pig butchering scams, a rapidly growing criminal activity involving online romance, fake crypto investments, and human trafficking, have been plaguing US citizens, resulting in significant financial losses. In a recnet interview, Erin West, Deputy District Attorney...
Fake Crypto Websites on Google Ads Drain $3 Million in Christmas Phishing Scam
26.12.2023
Scammers drained $3 million in crypto from victims this Christmas using fake websites promoted on Google ads. Image by Fareed Mindalano, DALL-E 3. A new report reveals that scammers stole over $3 million in cryptocurrency from victims this holiday season using fake crypto websites promoted through...
Indian Authorities Prepare Chargesheet Against 3 Accused in $240M Crypto Scam
28.11.2023
Source: Pixabay The Special Investigation Team formed to investigate the alleged $240 million crypto fraud in India will file chargesheet against the three main accused this week. Over 100,000 victims were duped in an alleged multilevel fake crypto scheme that also involved over 1000 police...
Thailand Seeks Court Order to Shutdown Facebook For Failing to Screen Fake Crypto Ads
22.8.2023
Thailand authorities have issued a warning to the social media giant Facebook, threatening to seek a criminal court order to sever its operations in the nation, over the rampant investment and cryptocurrency scam ads.
The Thai Ministry of Digital Economy and Society (MDES) wrote on Aug. 21, that...
How to identity fake cryptocurrency
14.8.2023
Learn essential cryptocurrency security practices to safeguard your digital assets. Explore crucial ways to protect your wallets, prevent hacks and ensure safe transactions
Kazakhstan Police Shut Down ‘Fake Crypto Exchange’ and Arrest ‘Mastermind’
2.6.2023
Police in Kazakhstan say they have shut down a suspected fraudulent crypto trading platform, with its alleged mastermind arrested.
Per Nur.KZ, the Ministry of Internal Affairs announced that a “23-year-old man” had been arrested.
The man’s name begins with L and he was born in 1999, the police...