Top Stories
Crypto Scam News
Scams remain a major issue in crypto, with scam news exposing fraudulent projects, Ponzi schemes, and phishing attacks. Investors face risks from fake tokens, rug pulls, and phishing websites that steal private keys. As regulators crack down on bad actors, education and security measures remain vital in preventing fraud.
Top Crypto Scam Stories
Latest Crypto Scam News
News
U.S. prosecutors are seeking a 20-year prison sentence for Celsius founder Alex Mashinsky, calling his actions a calculated fraud that left thousands of customers with billions in losses. The U.S. Department of Justice is asking a federal judge to sentence…
Feature
Transnational cybercrime gangs in Southeast Asia continue to grow, expanding their reach through crypto and custom blockchain services, the UN reports. Cybercrime syndicates in Southeast Asia are really stepping up their game, and crypto is right at the heart of…
News
Crypto-related fraud is booming in Canada as scammers increasingly use AI tools to target investors, the Ontario Securities Commission says. Canada‘s top securities watchdog is sounding the alarm on a wave of crypto scams, saying fraudsters are now using slick…
News
Hundreds of investors asked a federal judge to impose a life sentence on Celsius CEO Alex Mashinsky for his role in the crypto lender’s 2022 collapse. Celsius Network investors are calling for a life sentence for co-founder and former chief…
News
Investment scams involving crypto accounted for more than 50% of all reported crypto losses in 2024, according to the FBI’s latest report. Cybercrime involving cryptocurrencies hit record highs in 2024, with the FBI’s Internet Crime Complaint Center reporting $16.6 billion…
News
The Securities and Exchange Commission accused PGI Global’s CEO of orchestrating an international scheme that raised $198 million under false crypto exchange claims. The Securities and Exchange Commission has charged Ramil Palafox, CEO of PGI Global, with orchestrating a $198…
News
STX formed a God candle today, rallying as high as 19.5% after it broke out of a bullish pattern as the broader market recovered. Stacks (STX) rose to an intraday high of $0.717 on April 21, Asian time, before settling…
News
Crypto rugpulls wiped out nearly $6 billion in Q1 2025, up 6,500% from just $90 million a year earlier, data shows. Web3 projects have lost nearly $6 billion to rugpulls since the beginning of 2025, a 6,499% increase from the…
OM
MANTRA
News
Nigerians have looted the office of digital asset trading platform, CBEX after hundreds of users saw their account balances plummet to zero following the exchange’s collapse. According to a report by BBC Pidgin, investors reportedly failed to withdraw their funds…
News
Arthur Cheong, the founder of DeFiance Capital, has warned of growing cryptocurrency price manipulation, describing the trend as a serious danger to investor trust amid Mantra and Story Protocol token crashes. In an Apr. 14 post on X, Cheong warned…
News
Bitcoin-based memecoin platform Odin.fun halted all trading and withdrawals on April 14 after CEO Bob Bodily revealed his account had been compromised. In an April 14 X post, Bodily alerted his 48.2k followers that his Odin.fun account had been hacked,…
News
A Chinese court sentenced nine individuals for running a telecom fraud ring that defrauded over 66,000 Indian victims and reportedly laundered proceeds through Tether’s USDT. Nine individuals have been sentenced to prison in China for their roles in a telecom…
USDT
Tether
News
Argentina’s Chamber of Deputies has approved a formal investigation into the LIBRA memecoin scandal after the token’s collapse wiped out over $280 million in value from nearly 75,000 traders. In a special session held Apr. 8, lawmakers backed three resolutions…
News
An account linked to ZKasino, a gambling platform that stole more than $30 million from its users in 2024, lost $27.1 million after closing a long position on Hyperliquid. According to on-chain data on Hyperdash, the scammer address behind the…
ETH
Ethereum
Feature
As the crypto market prepares for turbulence amid the tariff wars, the NFT market seems to be in a worse position. Trading volumes are declining and marketplaces are shutting down. The once-hyped world of non-fungible tokens, which analysts once boldly…
News
A South Korean man in his 30s has been sentenced to three years in prison for defrauding a crypto investor of 2.93 billion won (approximately $2.04 million). The Changwon District Court convicted the man, identified only as Person A, of…
Markets
