Malicious Group Threatening Layer-2 Networks Exposed
The crypto sleuth ZachXBT has warned about a group of scammers who are attempting to lure more victims by using millions in stolen funds in a new scheme. The investigation …
Crypto Scams
50% of Solana’s Recent Token Launches Revealed as Malicious Scams: Report
Despite network outages, Solana has witnessed a flurry of projects launched on top of its blockchain. Such a trend typically depicts a growing demand. But the latest report paints a …
OneCoin’s Head of Legal and Compliance Sentenced to 4 Years in Prison
The Southern District of New York announced that Irina Dilkinska was sentenced to four years in prison by US District Judge Edgardo Ramos for her involvement in the extensive OneCoin …
Google Sues 2 Individuals for Alleged Crypto Investment Fraud Using its Play Store
American tech giant Google recently filed a lawsuit against two developers for uploading almost 90 fraudulent crypto investment applications on its online store, Google Play, which they used to defraud …
South Korean Police Nabs 2 Fraudsters After Senior Citizen Loses $4.1M in Crypto Scam
Crypto crimes are on the rise across the world, especially with the market-wide boom. Elderly individuals, for one, are one of the most targeted groups, preyed on by fraudsters who …
TRON Dominates Nearly 50% of Illicit Crypto Activity: TRM Labs Report
The TRON network accounted for 45% of all illicit volume in 2023, according to data released by analysts at blockchain forensics firm TRM Labs. TRM Labs released a report titled …
Here’s How a Hong Kong Housewife Lost $908K to Crypto Scammers: Report
A 46-year-old housewife in Hong Kong has reported losses of 7.1 million Hong Kong dollars ($908,000) after investing in a fraudulent crypto investment platform. According to a report by the …
Phishing Attacks Have Led to Over $100M in Losses in Q1 2024: Report
Data from security firm Scam Sniffer reveal that over the first two months of 2024, an estimated 97,000 users fell victim to crypto phishing scams. The scams resulted in staggering …
X (Formerly Twitter) Remains a Haven for Scammers as Phishing Incidents Claim $104M
X (formerly known as Twitter) has been a popular hook for scammers for over a decade now. However, the tactics employed in these schemes continuously evolve. What’s concerning is that …
Exit Scams and Exploits Led to $160M Losses in Crypto Sector in February
In February, the crypto industry saw losses totaling approximately $160 million due to exploits, hacks, and scams. The figures represented a slight dip from January despite an increase in prices. …