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US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison
20.9.2022
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to...
Top Twitch Streamers Like Pokimane, Mizkif Threaten Strike After $200,000 Gambling Scam
19.9.2022
On Saturday, a Twitch streamer named Abraham Mohammed, better known to viewers as Sliker, admitted that he had scammed fans and other content creators out of at least $200,000 to fund his Counter-Strike: Global Offensive gambling addiction. In response, big-name streamers such as Imane “Pokimane”...
BadgerDAO Detects a Phishing Scam and Warns Users to Be Wary
19.9.2022
BadgerDAO recently unraveled a phishing scam where bad actors took over the Discord invite link and redirected users to a fraudulent server. The intention was to steal their information and, thereby, their funds. All the users have been advised to note that discord.gg/badgerdao is the only official...
Number of Youtube Crypto Stream Scams and Fake Domains Explodes in H1 2022
19.9.2022
A report issued by Group-IB, a Singaporean cybersecurity company, has found that the number of cryptocurrency scams that use fake domains has exploded during the first half of 2022. The number of these domains has grown fivefold, and most of these campaigns, though registered with Russian...
Amazon and 4 Others to Work on Digital Euro Prototype, White House's 'Comprehensive Crypto Framework', Hong Kong's Scam Warning + More News
16.9.2022
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: Amazon and 4 Others to Work on Digital Euro Prototype, White House's 'Comprehensive Crypto Framework', Hong Kong's Scam...
Amazon Crypto Token Presale Scam Trends Again - Don't Get Tricked
14.9.2022
No, there isn't an Amazon token presale, or any upcoming Amazon crypto coin - an old crypto scam from 2021 is back and trending online.
Back in December Avast antivirus wrote a blog post 'Beware of a New Amazon Token Crypto Scam'.
They posted screenshots of fake Amazon crypto adverts which appear...
GameStop Rewards Employees For Sticking Around With 50-Cent Raise
14.9.2022
Last month, GameStop announced new stock bonuses for store managers and hourly raises for other employees. It seemed like some relief was finally coming for the staff, who have been through so much these last few years, all while watching investors profit off unprecedented meme stock hijinks. Over...
Electrum Bitcoin Wallet Scam Suspect Is Arrested by Dutch Police
14.9.2022
The 39-year-old is suspected of laundering tens of millions of euros obtained from malicious software using decentralized crypto exchange Bisq and the monero privacy coin, police said
3 ways scammers will try to fool you over Ethereum’s Merge
14.9.2022
Besides fake ETH 2.0 tokens and malicious token airdrops, crypto users should also be on the lookout for staking pools offering attractive staking yields
Diablo Immortal Community Faces New Unrest Over Ill-Gotten Orbs, Lack Of Bans
12.9.2022
In the real world, everything runs on Dunkin. In Diablo Immortal, it’s powered by orbs. Eternal Orbs, to be precise. And players are once again reckoning with the mobile action-RPG’s microtransaction economy after Blizzard announced that players who’d purchased hundreds of thousands of illicit orbs...
Florida Crypto Scam Trader of EmpiresX Pleads Guilty of Defrauding Investors of $100m
12.9.2022
A Florida man has pleaded guilty to conspiracy to commit securities fraud with a crypto Ponzi scheme that defrauded investors of about USD 100m.
The man, identified as the 28-year-old Joshua David Nicholas, was working as “Head Trader” at the purported crypto platform EmpiresX, which he and others...
US Senators Press Meta CEO Mark Zuckerberg on Crypto Scam Policies for Facebook, Instagram, Whatsapp
11.9.2022
Six U.S. senators have demanded answers from Meta CEO Mark Zuckerberg about how his company is handling cryptocurrency scams on its social media platforms, including Facebook, Instagram, and Whatsapp. “We are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes...
Ethlot.me Ethereum Mining ‘Scam Mastermind’ Flees South Korea for the Philippines
9.9.2022
The alleged leader of what police believe to be a ethereum (ETH) mining scam masquerading as a bona fide “pool” has fled abroad....
Read More: Ethlot.me Ethereum Mining ‘Scam Mastermind’ Flees South Korea for the Philippines
Rug Pulls Were Rampant In August But Slightly Decreased On Previous Months - Report
8.9.2022
Rug pulls, a type of theft which occurs when owners of a crypto project flee with the funds collected from their investors, dominated Web3 world-based scams and exploits in August, with 33 out of the 44 recorded exploits deemed rug pulls and exit scams, according to a recent report released...
Indian Police Arrest Two Suspected of Duping 1,400 in Alleged $12M Crypto Scam
6.9.2022
Two individuals have been arrested on suspicion of duping 1,441 investors in a crypto scam, according to the Economic Offences Wing of Mumbai's Thane Police in the western state of Maharashtra
‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours
6.9.2022
Crypto Twitter user FatManTerra explained the fake investment scheme was used to teach people a lesson about investing blindly in crypto schemes shilled by influencers
Mysterious Elon Musk-themed Crypto Hackers Take Over S Korean Gov’t YouTube Channels
5.9.2022
Multiple South Korean government-run YouTube channels have been hacked by what, at first glance, appear to be crypto scam operators....
Read More: Mysterious Elon Musk-themed Crypto Hackers Take Over S Korean Gov’t YouTube Channels
Steam Bans Scammers After Dev Reveals Potential Shady Game Reselling
2.9.2022
Earlier this week, a developer’s Twitter thread about shady Steam curators who potentially lie to get free game codes went viral. In the thread, using a bit of a sting-like operation to support his suspicions, the dev theorized that these shady curators take game keys and sell them instead of using...
Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud Crackdown
2.9.2022
A House committee has sent letters to four U.S. federal agencies and five cryptocurrency exchanges asking for information about what they are doing to combat cryptocurrency fraud and scams. Congress Questions Regulators and Crypto Exchanges The House Committee on Oversight and Reform sent letters...
Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe
1.9.2022
Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information....