Scams

Blockchain analytics firm Elliptic says the rapidly expanding decentralized finance (DeFi) sector of the crypto world has seen fraudsters make off with billions of dollars in illicit gains. In a new report called “DeFi: Risk,…

The U.S. Department of Justice (DOJ) is selling confiscated proceeds from the BitConnect high-yield investment program, the biggest crypto fraud scheme to be criminally charged in the United States. According to a press release…

Europe’s largest consumer electronics chain is being targeted in a ransomware attack demanding tens of millions of dollars worth of Bitcoin (BTC). According to BleepingComputer, German-based retailer Media Markt is the victim of a…

The Federal Bureau of Investigation (FBI) is warning the public that bad actors are using Bitcoin (BTC) ATMs and QR codes to defraud unsuspecting victims.  In a public service announcement, the agency says that it is seeing…

Bitcoin Cash (BCH) suddenly surged and then crashed after fake news spread about a partnership with grocery store giant Kroger. The fraudulent rumor appeared on Kroger’s investor relations page and claimed that the supermarket…

According to Barrons, an intelligence team from Binance is currently auditing the blockchain and is busy collecting relevant data and information that will assist authorities in capturing the perpetrators behind the Squid Game token…

A Coinbase customer is counting millions of dollars in losses after the Bitcoin (BTC) he bought on the US-based crypto exchange was stolen. The Coinbase customer bought 200 Bitcoin in April, worth $12,380,000 at time of writing,…

Launched last week, in the midst of the “dog-coin” surge, AnubisDAO lost control of the project’s liquidity pool, as $60 million of investors’ funds got drained in what appears to be another rug pull incident.Following the accusations,…

Coinbase CEO: Solving these four problems will bring billions of people to cryptoThere are currently thousands of cryptocurrencies all vying for adoption on multiple different fronts, with many being viewed as scams and fundraising schemes,…

An international effort from law enforcement targeting darknet narcotic vendors has resulted in more than $31 million worth of cash and crypto being seized from alleged criminals. According to an announcement from the Department Of…

SQUID, a cryptocurrency token created based on the popular Netflix Korean-language series Squid Games, has seen its value rise by over 200% within the last 24 hours touching to as high as $4.32. But users are now reporting they are having…

UK police have confiscated Bitcoin and other cryptocurrencies worth millions of dollars in a money-laundering investigation. According to the Lincolnshire Police, detectives seized over 48 Bitcoin (BTC) and other crypto assets from…

Decentralized Finance (DeFi) platform Cream Finance (CREAM) says that its lending market suffered a hack resulting in the loss of crypto assets worth approximately $130 million. Cream Finance says in a tweet that the attacker…

Nearly seven years after one of the biggest crypto hacks of all time, former customers of the Japanese crypto exchange Mt. Gox are now on track to receive reimbursements. The now-defunct Mt. Gox collapsed in 2014 after it was hit…

Millions of email addresses with accounts on prominent crypto price-tracking platform CoinMarketCap are being traded on hacking forums, according to a data breach-monitoring site. Have I Been Pwned (HIBP) says that 3,117,548 email…

Groups of hackers are hijacking YouTube channels to promote crypto scams, according to a new report from tech industry titan Google. In a new blog post, Google’s Threat Analysis Group says that bad actors are using Russian-speaking…

Two founders of a cryptocurrency firm that defrauded investors are facing up to half a decade in prison for tax evasion. According to the U.S. Attorney’s Office in the Northern District of Texas, Bruce Bise and Samuel Mendez…

Cyber security company Sophos says that iPhone users should be on the lookout for a new type of crypto scam emerging on the Apple App Store. Sophos says the scam dubbed CryptoRom entices potential victims into installing fake…

The Financial Crimes Enforcement Network (FinCEN) says that over $5 billion worth of Bitcoin (BTC) could have been used to make ransomware payments in the first half of 2021. In a new report analyzing data from January to June…

An investigation by Belgian authorities into an organization suspected of engaging in crypto fraud has led to the arrest of three people in the Netherlands. The Netherlands-based NL Times reports that Dutch authorities also seized…