Crypto Scam

Highlights: OKX halts its Web3 DEX aggregator following financial crime allegations. The exchange said the move will prevent further compromise via new upgrades. The trading platform announced it rolled out two new features for detecting hacks on its platform. Seychelles-based […]

Highlights: Thomas John Sfraga embezzled over $2 million from investors through fake real estate and cryptocurrency projects. His lies credited to Seinfeld’s fictional company where Sfraga used the name “Vandelay Contracting” to defraud his victims. The court sentenced him to […]

Highlights: India’s ED seized nearly $190 million in crypto and assets linked to BitConnect crypto fraud. The ED traced illicit funds through dark web transactions, wallets, and IP analysis.  Kumbhani and associates allegedly amassed crypto illegally, violating financial regulations. Indian […]

Highlights: Ye exposed a $2 million offer to promote a fraudulent crypto scheme on X. The scheme followed past celebrity hacks, raising concerns about social media scams. Crypto analysts debate Ye’s motives, with some calling him a “master marketer.” On […]

Highlights: A deepfake video falsely shows Elon Musk promoting a $20M crypto giveaway. The scam video directs viewers to a fraudulent website, Elon4u.com. Scammers use deepfake technology to create realistic videos, exploiting Elon Musk’s image. A new deepfake video of […]

Highlights: Pump.Fun’s livestream feature is criticized for allowing the community to perpetuate suicidal and scamming practices. Moderation challenges arise as Pump.Fun scales, sparking calls to improve the safety of the platform or disabling the feature. Despite the controversy, Pump.Fun remains […]

Highlights: The FBI recovered $8.3 million in the Kansas bank crypto scam, returning funds to 30 victims by the CEO’s embezzlement scam. Ex CEO Shan Hanes embezzled $47.1 million to fund a crypto scam, leading to Heartland Tri-State Bank’s collapse. […]

Highlights: The FBI warns about Ichcoin, a fraudulent platform that has swindled over $30 million from nearly 600 victims across the U.S. Victims are misled through social media tactics, resulting in substantial financial losses and empty promises of investment growth. […]

Highlights: Crypto investors suffered a $310.94 million loss in August 2024, marking the second-largest loss in the year. Major incidents included a $238 million BTC phishing scam and a $55 million loss linked to a compromised wallet. Despite the substantial […]

Highlights: Balangir police arrested four individuals from Rajasthan involved in a Rs 76 lakh cryptocurrency scam, targeting investors with fake platforms. India faces recurring cryptocurrency scams due to weak regulations, making it a prime target for fraudulent activities and schemes. […]

Highlights: Crypto exchange Binance blocks over $2.4B in crypto scam losses, protecting over 1.2 million users globally in 2024. The platform combines AI and manual reviews to monitor transactions, ensuring comprehensive protection across all Binance services. As of July 31, […]

Highlights: Gardaí seize €6.5 million in crypto from Dublin darknet raid Emollient Coin Limited was targeted in a significant Indian crypto fraud probe Q2 2024 sees $572.7 million lost to crypto hacks and scams Gardaí seized cryptocurrencies worth about €6.5 […]