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Crypto Scam News
Top Crypto Scam Stories
Latest Crypto Scam News
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Five promoters behind the IcomTech Ponzi scheme have been ordered to pay $5 million in civil penalties and restitution for defrauding investors via a fake cryptocurrency trading platform. According to a Dec. 11 statement, IcomTech founder David Carmona, along with…
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The U.S. Securities and Exchange Commission has charged three Nigerian nationals with defrauding investors of $2.9 million in Bitcoin. According to the SEC, the individuals used fake websites, social media, and voice-altering software to impersonate legitimate financial professionals, targeting at…
BTC
Bitcoin
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Bad actors are deploying cryptocurrency-stealing malware using a sophisticated combination of fake X accounts and malicious Telegram bots. Web3 security firm ScamSniffer has warned of a new scam targeting cryptocurrency users by mimicking popular influencers in the space and draining…
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A scammer with the monicker “Excite” flaunted stolen wealth and a monkey after a Coinbase Commerce contract executed $15.9 million in suspicious withdrawals.
News
Bad actors keep ramping up crypto scams, with impersonation accounts surging to over 300 a day, according to blockchain analysts. Crypto scams on X are once again rising fast, with major accounts hijacked to promote fake tokens. Victims have already…
SOL
Solana
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Hailey Welch, an influencer on social media, launched her own memecoin, Hawk Tuah, on Dec. 4. The cryptocurrency crashed from $500 million to $60 million in just 20 minutes post-launch.
SOL
Solana
News
November’s phishing scams led to a staggering $9.38 million in losses, impacting over 9,200 victims, with one individual losing $661,000 in stETH within minutes. Phishing scams in November cost crypto users $9.38 million, according to ScamSniffer’s latest calculations, with more…
ETH
Ethereum
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Data shows that the number of blocks suffering Sandwich attacks in the BNB Smart Chain reached a new record last month. According to data provided by Dune, 35.5% of the blocks in BSC were manipulated by Sandwich attacks, abusing the…
Follow-up
The vast majority of meme coins promoted by influencers in X end up “dead” — their value drops by 90% or more within three months. The attention surrounding meme coins has led many famous X personalities to promote these tokens…
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A crypto scammer named Ronald Spektor deactivated his social media pages after ZachXBT alleged he aided a $6.5 million theft from a Coinbase user.
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After the CryptoZoo lawsuit, new evidence reported by the BBC alleges that American YouTuber Logan Paul misled followers by promoting meme coins on his social media accounts and subsequently selling them A report published by the BBC on Nov. 20…
ETH
Ethereum
News
A 13-year-old boy got doxxed by crypto traders after pulling the rug on a pump.fun token he named Gen Z Quant. Traders doxxed his whole family and turned them into pump.fun tokens. A 13-year-old boy has been caught in the…
SOL
Solana
News
A crypto investor lost a substantial amount of USDT tokens to a phishing address but eventually witnessed a return of the funds hours later. Data from Tronscan shows that the user with the wallet address “TGr…XAE” mistakenly transferred $129 million…
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JENNER buyers filed a class-action lawsuit against former Olympian Caitlyn Jenner for failing to register the token with the SEC and for giving ‘false and misleading’ statements regarding its sale. According to a Bloomberg Law report, Naeem Azad and Mihai…
ETH
Ethereum
News
A Chinese national has pleaded guilty to laundering $73 million linked to crypto scams through multiple shell companies in the United States. According to a Nov. 12 announcement from the Department of Justice, the accused Daren Li, a dual citizen…
News
South Korean police uncovered a phony organization that lured investors into fraudulent crypto investments. The Gyeonggi Southern Provincial Police Agency’s Anti-Corruption and Economic Crime Investigation Unit arrested 215 individuals for operating, joining and participating in a fraudulent quasi-investment consulting firm,…
BTC
Bitcoin
