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Crypto Investment Scam Losses in U.S. Grew 53% to $3.94B in 2023: FBI
8.3.2024
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime
Helldivers 2 Players Scammed By Fake Steam Listings
1.3.2024
Helldivers 2 is officially suffering from success. There had already been signs, namely the need for the developers to upgrade its servers to hold the sheer amount of people who wanted to play, but the latest development is likely the surest. Overnight, two new fraudulent listings, ostensibly...
Crypto Bros Are Falling For Romance Scams At A Record Rate: Chainalysis
29.2.2024
Romance scams were a brutal driver of illicit crypto activity last year, according to blockchain investigators at Chainalysis. The blockchain intelligence platform’s 2024 Crypto Crime Report states that so-called “pig butchering scams” nearly doubled their revenue in 2023 compared to 2022, and have...
South Korean Crypto Chat App Channel Scams on the Rise, Warn Police
22.2.2024
South Korean crypto scammers are targeting chat app users on trading- and investment-themed channels, police warned on February 21.
The post South Korean Crypto Chat App Channel Scams on the Rise, Warn Police appeared first on Cryptonews
MetaMask Launches Real-Time Security Alerts on Major Chains
20.2.2024
MetaMask's security alerts now cover Ethereum, Linea, BNB Smart Chain, Polygon, Arbitrum, Optimism, and Avalanche. The system proactively warns users of potential threats during transactions. This feature has a proven track record, including successful protection during the Vitalik Buterin phishing...
Crypto Media Houses Taken In By Fake $10M Uniswap Airdrop Scam
16.2.2024
A scammer deceived several crypto media houses into running stories on a fictitious $10 million Uniswap airdrop on February 15. This comes as the automated market maker (AMM) blockchain protocol announces the timeline for its latest V4 platform. Crypto News Outlets Promote Fake Uniswap Airdrop...
Russian Central Bank Says ‘Almost All Financial Scams Are Now Crypto-themed’
12.2.2024
The Russian Central Bank claimed “almost all” the financial scams it found last year had crypto-related elements. In an official release, the bank wrote that there had been a year-on-year rise of almost 16% in financial scams in 2023. In “almost” every case, the bank said it had detected a crypto...
Deepfakes Accelerating Crypto Scams on Twitter + More Crypto News
9.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Deepfakes Accelerate Cryptocurrency Scams Bitpanda Removes All Deposit and Withdrawal Fees Public Miners Stock Up BTC Reserves __________ Deepfake...
Web3 Lost $38.9 Million to Bad Actors in First Month of 2024: Quantstamp
31.1.2024
Bad actors have stolen $38.9 million from various Web3 projects in the first month of 2024. According to a recent report from Quantstamp, a decentralized finance (DeFi) security startup, bad actors used different attack vectors to steal funds, including smart contract hacks, key compromises,...
Korean Crypto Exchanges Block Romance Scammers’ Access to Digital Assets Worth Over $82 Million
31.1.2024
South Korean cryptocurrency exchanges have successfully stopped romance scams and voice phishing criminals from siphoning digital assets worth over $82.6 million in the past year. The exchanges attribute their success in blocking criminals to abnormal transaction detection systems, which assist...
Peckshield Report Reveals Decline in Crypto Losses Despite Persistent Threats in 2023
31.1.2024
Peckshield’s latest report reveals a mix of challenges and advancements in the crypto world. Despite a notable decrease in overall losses to hacks and scams, decentralized finance protocols remain heavily targeted, accounting for a significant portion of the cyber thefts. Peckshield Report...
When Is a Ponzi a Ponzi?
30.1.2024
U.S. authorities indicted the operators of HyperVerse, allegedly an $1.8 billion “Ponzi scheme.” There’s a fine line between a “fraudulent investment scheme” and many crypto projects, it seems
As Crypto Market Recovers, Scammers Target Exchange Token Listings
30.1.2024
Exchange listing scams have resurfaced as scammers exploit the growing interest in digital assets amid the recent market recovery. As part of these schemes, scammers impersonate industry insiders and exchange representatives to deceive unsuspecting individuals and extort payments for token...
PeckShield: Crypto Scams Plummeted 27.78% in 2023
29.1.2024
Blockchain security firm PeckShield has released an overview of the state of cryptocurrency hacks in the last twelve months with over 600 reported cases resulting in losses of $2.61 billion. Impressively, crypto scams saw a drop of 27.78% in 2023. The company disclosed its latest findings in a...
New Scam: Fake Patreon Accounts Used to Promote Malicious Crypto Projects
29.1.2024
Crypto users have raised concerns about a surge in phishing emails with crypto-themed content, originating from the popular content creator platform Patreon. According to reports on social media platforms such as X and Reddit, scammers are signing up users’ email addresses for Patreon...
South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023
29.1.2024
South Korean crypto exchanges say they blocked over $82 million worth of transactions linked to romance scams last year. Per Seoul Shinmun, the crypto exchange Coinone claimed catfishing and other romantic scams that make use of crypto were now “rampant” in South Korea. Coinone said that it...
South Africa Gears up to Issue First Batch of FSP Licenses to Crypto Providers
26.1.2024
South Africa is reportedly preparing to issue the first batch of financial services provider (FSP) licences to crypto service providers. Gerhard van Deventer, head of enforcement at South Africa’s Financial Sector Conduct Authority (FSCA), confirmed the move speaking at a podcast on Moneyweb...
Over $580,000 Drained in Phishing Scams Targeting Web3 Firms – What’s Going On?
23.1.2024
About $580,000 has been drained following a calculated phishing campaign targeting at least four web3 firms’ email addresses. Digital asset scam detective, ZackXBT commented on the developments on X (formerly Twitter). He flagged several emails sent out in a calculated attempt to appear to be from...
Study: Financial Losses on BNB Chain Due to Hacks and Scams Fell by 85% in 2023
23.1.2024
In 2023, financial losses on the BNB Smart Chain due to exploits or breaches fell by 85% to $161.1 million, according to the findings of a new Avenger DAO study report. The study data also shows that Q2 of 2023 was the costliest quarter, with approximately $69.5 million lost across 127 incidents....
Scammers Use Meme Coin Mania to Defraud 42,000 Victims and Amass $32 Million: Blockfence
22.1.2024
A group of fraudsters has managed to deceive over 42,000 victims, accumulating a staggering $32 million in a series of crypto scams that began in April 2023. What makes this scam unique is the use of a method that even fooled some of the industry’s renowned “rug pull detectors,”...