Crypto Scam

Highlights: U.S. government moves to seize $7.1 million in cryptocurrency linked to international oil tank scam. Victims were lured with false promises of storage rental profits, losing over $17.9 million. Scammers laundered funds through 81 bank accounts and 19 crypto […]

Highlights: Ripple CTO warns of AI deepfake scam faking CEO Brad Garlinghouse. Fake XRP airdrop video emerges after Ripple’s legal success. Scammers exploit XRP’s price rally and social media hype. An AI deepfake scam has hit the XRP community on […]

Highlights: The FBI recovered USDT after a scammer tricked a donor using a fake Trump campaign email address. The crypto scam used a small typo in the domain name to make the fake email appear real to the victim. Tether […]

Highlights: A man lost 20M of funds in a crypto romance scam, which was connected to fake investments in NFTs. Citibank is said to have disregarded fraud indications and processed questionable wire transfers. The lawsuit alleges that the bank has […]

Highlights: Telegram crypto scam used fake OTC token deals to lure top crypto investors. Victims lost $50M after promised token distributions abruptly stopped. Ravindra Kumar denied accusations linking him to the scam network. The $50 million Telegram crypto scam began […]

Highlights: a16z’s X account was briefly hacked on June 19 to promote a fake Solana token. Fraudulent posts tricked users with false token launches and giveaways. The firm recovered the account quickly and confirmed no involvement in the scam. a16z […]

Highlights: Glenda Rogan misled clients in a $14.8M crypto scam disguised as a fixed-interest investment. ASIC banned Rogan from financial services for ten years starting June 6, 2025. Client funds were moved into crypto wallets linked to a banned UK-based […]

Highlights: AI deepfakes made up almost 40% of the total losses from crypto fraud in 2024. 87 deepfake scam rings were dismantled across Asia in Q1 2025. Ponzi scams now use synthetic media and gamified DeFi dashboards. Bitget’s 2025 Anti-Scam […]

Highlights: Matrix Chain collected nearly $394 million from more than 138,000 accounts. Authorities have arrested five suspects after a 200-day police investigation. 40% of funds went to recruiters; the rest funded marketing and real estate. Five individuals involved in the […]

Highlights: The crypto laundering ring funneled HK$118M via 550 shell accounts 12 suspects linked to cross-border laundering were arrested in Hong Kong Local exchange shops were used by the syndicate to convert the scam funds. An operation by the police […]

Highlights: A person from Wellington was arrested for involvement in a $265 million cryptocurrency scam. The stolen funds were laundered and used for $9M in high-end cars and luxury goods. In April 2025 alone, reports of crypto thefts increased by […]

Highlights: Eugene Austin Jr. led a $12M crypto scam scheme with his son, targeting 24+ victims. They offered fake investment opportunities and spent the money on luxury. The court ordered $12.6M in restitution and seized a Jaguar SUV. A cryptocurrency […]