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Crypto Scam News
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Latest Crypto Scam News
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Crypto investors faced a tough 2024 as hacks and scams exploited weaknesses, costing billions in losses. Crypto-related hacks and scams cost the industry $3.01 billion in 2024, reflecting a 15% rise from $2.61 billion in 2023, according to data published…
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A 24-year-old Dutch law student has been arrested on suspicion of defrauding nearly 300 investors through a failed crypto trading scheme. Police apprehended the man in Hengelo, Netherlands, following months of investigation into allegations of fraud and embezzlement tied to…
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U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, could potentially have one million victims all around the globe following the downfall of the Terra ecosystem.
LUNC
Terra Luna Classic
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A crypto holder lost more than half a million dollars after signing a malicious transaction on a fake cross-chain bridge. Web3 security platform Scam Sniffer reported the incident on Jan.6, posting on X that the victim lost more than $520,000…
LINK
Chainlink
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Three Asian banks are being sued after they allegedly failed to protect a customer from a $1 million crypto scam by neglecting basic Know Your Customer and Anti-Money Laundering checks. Ken Liem, a resident of California, has filed a lawsuit…
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The infamous hacker group, under the guise of "Blockchain Bandit," made a grand comeback with a sensation of merging 51,000 Ether into a single wallet, which totaled $172.2 million, almost two years after going into stealth mode.
ETH
Ethereum
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A phishing scam targeting crypto users that used fake Zoom meeting links as a method of malware distribution and stealing the target's cryptocurrency assets has been uncovered by blockchain security firm SlowMist.
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In 2024, "pig butchering" scams were the biggest danger to crypto users, costing $3.6 billion, according to Cyvers, a Web3 security company.Â
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FTX exec Ryan Salame’s prison sentence has been shortened by over a year, with his new release date set for March 2031. Ryan Salame, a former top executive at the failed cryptocurrency exchange FTX, reported to federal prison in October…
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French authorities are grappling with an alarming rise in crypto scams, which contribute to an estimated €500 million in annual losses. Financial scams continue to inflict heavy losses on French consumers, with the Paris Public Prosecutor’s Office estimating that victims…
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Hawala networks and crypto transactions have emerged as part of a complex money laundering plot that the income tax authorities in Jaipur have uncovered.
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Animoca Brands has issued a public notice regarding co-founder Yat Siu's social media account being compromised.Â
SOL
Solana
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Blockchain security experts have uncovered a new scam using malicious Google ads to trick crypto users into visiting a fake Pudgy Penguins website. A new scam targeting crypto users has been uncovered, with analysts at blockchain security firm Scam Sniffer…
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KickStreaming's account on X was hacked and used to push Solana-based scam tokens.
SOL
Solana
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Scammers are exploiting YouTube’s comments section, sharing seed phrases to lure greedy individuals into a multi-signature wallet scam. Bad actors have seemingly found a new way to exploit crypto users by sharing seed phrases, tricking victims into attempting to steal…
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The U.S. Department of Justice has charged Rostislav Panev, a dual Russian and Israeli national, for his alleged involvement with the LockBit ransomware group. Panev, 51, is accused of working as a developer for the group, earning over $230,000 in…
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Follow-up
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