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Executives from $1.5B South Korean crypto exchange fraud jailed
28.12.2022
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO, known as Mr. Lee was previously sentenced to a 22 year prison term
FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country
28.12.2022
The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with...
350 new 'scam tokens' were created every day this year: Solidus Labs
19.12.2022
From September 2020 to Dec. 1 over 200,000 scam tokens were created with well over half of those deployed this year
Front-running scams rampant on YouTube with 500% surge in 2022: CertiK
2.12.2022
The scam lures victims to download fake front-running bot software that swipes their assets once they try to initiate a transaction
World Cup Crypto Scams are On the Rise – Look Out For These
25.11.2022
Global cybersecurity firm Kaspersky has released a list of the top five scams related to the ongoing FIFA World Cup Qatar 2022.
The World Cup gets the attention of millions of football fans from all over the world. Taking advantage of this critical period of time, scammers use different...
Aussies warned to avoid crypto paper wallets they find on the street
24.11.2022
Fraudsters have reportedly been leaving fake crypto paper wallets in public places as part of a scam to dupe Australians out of their crypto
Two Estonians Charged With Running a Series of Crypto Scams Totaling $575M
21.11.2022
Federal prosecutors in Washington state have charged two Estonian citizens with running a series of crypto scams that allegedly defrauded hundreds of thousands of investors around the world of a combined $575 million
Crypto scammers are using black market identities to avoid detection: CertiK
18.11.2022
The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities
Most Crypto Scams are Happening on This Blockchain – Here’s What You Need to Know
28.10.2022
Cryptocurrency risk monitoring platform Solidus Labs said that over 10% of tokens showing scam characteristics reside on Binance's native BNB Chain. Less than 10% is seen on Ethereum (ETH).
The research firm announced its real-time, on-chain Threat Intelligence tool on Thursday, saying that it...
Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says
28.10.2022
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore...
Most Crypto Scams on BNB Chain, Solidus Labs Says
27.10.2022
Crypto risk monitoring platform says it has flagged nearly 200,000 crypto rug pulls and decentralized finance scams since August 2020
Crypto ATMs emerging as popular method for crypto scam payments: FBI
5.10.2022
The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers
Delaware DOJ Freezes Wallets, Accounts in 'Pig Butchering' Crypto Scams
29.9.2022
A total of 23 entities including wallets, accounts and individuals, were traced in this stealthier version of a common crypto romance scam
Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok
20.9.2022
The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrolling through Tiktok when you come across a video showing a pile of cash. The creator says they earned the stack of money in just a few days by investing in cryptocurrency,” the...
Aussies already lost $242M to investment and crypto scams in 2022
12.9.2022
People over 55 and under 64 years of age represent the largest age bracket who have fallen prey to scams
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...
Senators Press Meta Platforms CEO Mark Zuckerberg to Combat Crypto Scams
9.9.2022
An FTC study shows 49% of crypto-related frauds originated on social media, say six members of the Senate Banking Committee
US lawmakers call on Mark Zuckerberg to address 'breeding ground' for crypto scams: Report
9.9.2022
A Federal Trade Commission report from June identified Facebook, Instagram and WhatsApp among the top platforms for crypto fraud originating on social media
FBI Profiles Top 10 Most Wanted Fugitive ‘Crypto Queen’ Ruja Ignatova of Onecoin Scam
1.9.2022
The Federal Bureau of Investigation (FBI) profiled the Onecoin cryptocurrency scam and its co-founder Ruja Ignatova, aka “Crypto Queen,” in a new podcast. Onecoin was one of the world’s biggest crypto scams and Ignatova was recently added to the FBI’s 10 most wanted...
SEC Warns Crypto Investors of Scammers Exploiting Their Fear of Missing Out on Social Media
31.8.2022
The U.S. Securities and Exchange Commission (SEC) has warned about scammers exploiting investors’ fear of missing out (FOMO) on social media. “If a crypto investment ‘opportunity’ sounds too good to be true, it probably is,” the SEC cautioned. SEC Says Scammers...