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OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison
13.9.2023
U.S. District Judge Edgardo Ramos also ordered Greenwood to forfeit $300 million, the approximate amount he pocketed from the scheme
Crypto whale loses $24M in staked Ethereum to phishing attack
7.9.2023
A significant portion of the stolen funds has been transferred into the fully automatic cryptocurrency exchange FixedFloat
MetaMask scammers take over government websites to target crypto investors
5.9.2023
Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites
Crypto Scams on Rise in Portugal as Two Investors Lose Over $312k
5.9.2023
Two Portuguese citizens have lost over $312,000 to crypto scammers, with police claiming that more people are falling victim to crypto fraudsters.
Per CM-TV, the two individuals hail from Cantanhede, in Portugal’s Coimbra District.
The duo appear to have been promised they could expect “quick...
Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams
5.9.2023
Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch
Crypto is in ‘arms race’ against AI-powered scams: Quantstamp co-founder
5.9.2023
Quantstamp's Richard Ma explained that the coming surge in “sophisticated” AI phishing scams could pose an existential threat to crypto organizations
Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik
1.9.2023
According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million. Certik Analysis: Cryptocurrency Losses Near...
Exploits, hacks and scams stole almost $1B in 2023: Report
1.9.2023
Cybersecurity firm CertiK reported that as of August, over $997 million was lost to flash loan attacks, exit scams and exploits in 2023
Breaking victim 'trust' in scammer is key to beat crypto scams, exchanges say
31.8.2023
Responsibility for crypto scams does not only belong to the cryptocurrency industry, it also involves banks, telecoms and social media platforms, Australian exchanges say
UN Alerts Rapid Rise of Victims in Southeast Asia ‘Forced’ Into Crypto Scams
30.8.2023
A report from the United Nations Human Rights Office revealed that “hundreds of thousands of people” across Southeast Asian countries are being “forced” by organized criminal gangs to engage in online scams including cryptocurrency frauds and illegal gambling schemes....
Read More: UN Alerts Rapid...
High Proliferation of Crypto Scams in Africa Linked to Limited Educational Efforts — Mitroplus Labs Founder
29.8.2023
According to Ivaibi Festo, the founder of Mitroplus Labs, a crypto and blockchain education organization, cybercriminals continue to find success in Africa because not enough is being done to educate residents on the basics of digital assets or the technology that underpins such assets. To make...
Jellyfish Mobile to Curb the SIM-Swap Menace That Led to Losses Worth $140 Million in Two Years
26.8.2023
PRESS RELEASE. The cryptocurrency market lacks regulation, leading to potential risks for investors, including SIM-swap scams. By this technique, hackers manipulate mobile carrier customer service to gain access to a user’s phone number, allowing them to bypass security measures and access...
Magnate Finance on Base rug-pulls users of $6.5M, as predicted by on-chain sleuth
25.8.2023
Magnate Finance first deleted its Telegram channel and X account followed by taking down the website before pulling the plug on its TVL
Binance Warns of Escalating Pig Butchering Scams – What's Going On?
24.8.2023
The number of 'pig butchering scam' cases reported to Binance has increased by 100.5% from 2022 to date, the exchange said.
Binance warned that the number of reported pig butchering scam cases doubled over the past year.
Scammers are drawn to whatever is gaining popularity: "Wherever there’s...
UK considers blanket ban on crypto investment cold calls
24.8.2023
The UK Treasury released a consultation paper to understand the grassroots-level impact of a blanket ban on cold calls related to financial services and products
Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report
23.8.2023
The police force of Israel reportedly recommended to prosecutors that Moshe Hogeg be charged with fraud, theft, money laundering, and sex crimes
Thailand Threatens Facebook With Shutdown Over Crypto Scams
23.8.2023
The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta...
Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams, Phantom Launches the 'Sign In With Solana' Feature
22.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams...
Crypto P2P scams in India show digital asset education is needed
22.8.2023
Scammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account freezes that follow
Terra money website frozen to prevent more phishing scams
22.8.2023
The freeze comes shortly after Terra website was compromised over the weekend by hackers who attempted to scam users via phishing attacks