![Interpol targets Hong Kong crypto promoter with red notice over $384k fraud](https://crypto.news/app/uploads/2023/10/crypto-news-futuristic-Hong-Kong-blockchain-and-crypto-currency-background-bright-light-high-poly-style-880x525.jpg)
crypto scam News
Latest crypto scam News
![ZachXBT: Arbitrum lender likely an exit scam](https://crypto.news/app/uploads/2024/06/crypto-news-What-can-be-done-about-crypto-scam-ads-option04-880x523.webp)
News
A new lending protocol on Arbitrum’s network may be a scam platform, says on-chain investigator ZachXBT.
![Mystiko Network accused of insider trading in second airdrop](https://crypto.news/app/uploads/2024/03/crypto-news-hacker-option02-880x525.webp)
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Allegations of insider trading have marred Mystiko Network’s second airdrop after a few select wallets amassed more airdropped tokens than regular users. The accusations started with an X post from blockchain reporter Colin Wu, who highlighted suspicious activities involving newly…
![Interpol targets Hong Kong crypto promoter with red notice over $384k fraud](https://crypto.news/app/uploads/2023/10/crypto-news-futuristic-Hong-Kong-blockchain-and-crypto-currency-background-bright-light-high-poly-style-880x525.jpg)
News
Interpol has issued a red notice seeking the arrest of a Hong Kong crypto promoter over an alleged $384,000 crypto fraud.
![Solana-based Jupiter sparks controversy for collaborating with Irene Zhao](https://crypto.news/app/uploads/2024/02/crypto-news-St.-Valentine-article-about-the-rise-of-dating-apps-scams04-880x525.webp)
News
Decentralized crypto aggregator Jupiter has found itself in the middle of controversy after announcing a collaboration with an exposed influencer. Solana decentralized exchange aggregator Jupiter has sparked a furious outrage in the crypto community following its announcement of a collaboration…
![Height matters: The rug pull that funded a tall tale](https://crypto.news/app/uploads/2024/07/crypto-news-What-is-an-initial-DEX-offering-or-IDO-in-crypto-option03-880x523.webp)
Feature
Can a scam have a surprising motive? This crypto story will leave you in disbelief. One of the funniest things about crypto is how people and companies have tried to make sense of it. There’s been a lot of trial…
![Tether](https://coin-images.coingecko.com/coins/images/325/large/Tether.png?1696501661)
![Tether is used by criminals way more than you think](https://crypto.news/app/uploads/2024/06/crypto-news-Corruption-and-money-laundering-in-Tether-option07-880x523.webp)
Feature
Reports have repeatedly suggested that Tether worth billions of dollars has been laundered following pig butchering and sextortion scams — and it's a problem getting worse, not better.
![Tether](https://coin-images.coingecko.com/coins/images/325/large/Tether.png?1696501661)
![US seeking to forfeit $2.5m for pig-butchering scam victims: ‘we will find them’](https://crypto.news/app/uploads/2023/09/crypto-news-piggy-bank-front-side-view-modern-city-background-bright-neon-colors-cyberpunk-style-v5.2-880x525.png)
News
U.S. attorneys are attempting to seize $2.5 million in cryptocurrency from an international “pig butchering” scam targeting American victims. The U.S. Attorney’s Office for the District of Columbia has initiated a civil forfeiture action to recover 2,546,415.01 USDT seized by…
![Washington financial watchdog warns of scam involving fake crypto ‘professors’](https://crypto.news/app/uploads/2024/06/crypto-news-Hackers-threatening-option02-880x523.webp)
News
A new scam is targeting cryptocurrency investors, with the bad actors masquerading as business “professors.” According to a warning issued by the Washington State Department of Financial Institutions (DFI), the scheme starts with advertisements on social media platforms like Facebook,…
![Crypto malware Angel Drainer shuts down following developer identification: report](https://crypto.news/app/uploads/2023/06/crypto-news-hacker-writing-a-code-on-his-laptop-blurry-background-dark-colores-low-poly-style-880x525.jpg)
News
Malware software-as-a-service Angel Drainer, linked to over $25 million in thefts, has reportedly shut down after its developers were potentially identified. Angel Drainer, a drainer-as-a-service program, has allegedly suspended its operations just two hours after cybersecurity researchers at Match Systems…
![Hong Kong police bust crypto scam involving fake banknotes](https://crypto.news/app/uploads/2024/04/crypto-news-Hong-Kong-option01-880x525.webp)
News
Authorities in Hong Kong have arrested three individuals who allegedly duped a businessman out of HK$3.11 million, approximately US$399,000, in cryptocurrency. According to a local report, the scammers promised to exchange the victim’s cryptocurrency holdings for cash at an attractive…
![Australian court convicts BitConnect promoter of unlicensed financial advice](https://crypto.news/app/uploads/2023/07/crypto-news-hacker-writing-a-code-on-his-laptop-blurry-background-dark-colores-low-poly-styl-v5.1-880x525.jpg)
News
Australian court convicts John Bigatton, BitConnect promoter, of providing unlicensed financial advice between 2017 and 2018. Aussie John Louis Anthony Bigatton, the national promoter of the BitConnect Ponzi scheme, has been convicted by the Sydney District Court of providing unlicensed…
![Cambodian marketplace Huione Guarantee became hub for crypto scammers: Elliptic](https://crypto.news/app/uploads/2023/12/crypto-news-Cambodia-Digital-Currency-option01-880x525.webp)
News
Blockchain analysts at British forensic firm Elliptic say Cambodia-based marketplace Huione Guarantee has become a center for crypto scammers. Cambodian giant marketplace Huione Guarantee, partially linked to the Cambodian ruling family, has seemingly emerged as a center for merchants providing…
![Tether](https://coin-images.coingecko.com/coins/images/325/large/Tether.png?1696501661)
![Korean banker arrested for $15m loan scheme, crypto spending: report](https://crypto.news/app/uploads/2024/07/crypto-news-business-money-option02-880x523.webp)
News
A Woori Bank employee has reportedly been arrested for embezzling $15 million by manipulating loan documents and using the stolen funds to buy crypto. A Woori Bank employee has been arrested on Monday after being indicted for embezzling ₩18 billion…
![Scammers drain $1.7m claiming to be Coinbase employees](https://crypto.news/app/uploads/2023/10/crypto-news-coinbase05-880x525.webp)
News
A new scam saw bad actors impersonate Coinbase employees to dupe users out of millions of dollars worth of cryptocurrency assets. Tegan Kline, the co-founder of Edge & Node, has warned of this new attack where his “good friend” lost…
![Crypto heists near $1.4b in first half of 2024: TRM Labs](https://crypto.news/app/uploads/2023/10/crypto-news-Five-Recent-API-Hacks-in-Crypto06-880x525.webp)
News
Cybercrime in the crypto sector has soared in the first half of 2024, with hackers stealing nearly $1.38 billion, nearly doubling last year’s figures. Cybercriminals have pilfered a staggering $1.38 billion from crypto investors in the first half of 2024,…
![Crypto scammers stole nearly $60m from 20 victims in H1 2024, data shows](https://crypto.news/app/uploads/2023/12/crypto-news-biggest-crypto-hacks-option04-880x525.webp)
News
Phishing scammers made over $300 million across EVM chains by targeting around 260,000 victims, data compiled by Scam Sniffer shows. The first half of 2024 was yet another profitable period for phishing scammers as they stole $314 million worth of…