SCAM 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…

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,…

With more companies using blockchain tech and crypto, there has been a corresponding increase in security incidents such as theft, phishing, and fraud. SlowMist, a leading blockchain security firm, released its second quarter MistTrack Stolen Funds Analysis report, which examines…

The Washington State DFI has issued a public alert over an alleged $310,000 crypto scam scheme involving a crypto exchange. The Washington State Department of Financial Institutions (DFI), Securities Division, has received a complaint after an investor failed to withdraw…

While 2023 recorded the highest number of crypto thefts annually, 2022 remains the costliest year by value, with 199 incidents totaling nearly $42 billion, according to Crystal Intelligence. Crypto scams and hacks left the industry without nearly $19 billion worth…

AI’s early integration into crypto presents opportunities for efficiency, as well as scams. Per an Elliptic report, AI is helping scammers speed up and increase their cyclical crypto scams. We’ve all heard of AI by now, and its many use…

AI can bring a new dimension to the crypto crime problem by allowing scammers to more easily impersonate celebrities, blockchain intel firm Elliptic says. Artificial intelligence (AI) has the potential to transform the global economy, but it also poses significant…

A cybersecurity expert called out Google over inadequate preventive measures against crypto-targeted deepfakes involving Bitcoin and figures like Elon Musk. 

ZachXBT, a popular blockchain investigator, accused Floyd Mayweather of being connected to several token scams. Mayweather has a history of involvement in token scams, from lawsuits to court settlements. Zackxbt called out the former boxing world champion on X for…

Authorities in Hong Kong have flagged a surge in counterfeit banknotes brought into circulation via cryptocurrency scams. According to a local report, the Hong Kong police seized 3,396 fake notes between January and April 2024. The counterfeits amounted to a…

Crypto users discovered a malicious Google Chrome extension able to steal funds by perverting website cookie data.

Prominent media personality Caitlyn Jenner was allegedly socially engineered to promote a scam coin, called JENNER, which experienced a significant drop in value shortly after its launch.  The incident triggered multiple reactions from crypto proponents, with speculation that the former…

The hacker who stole $68 million worth of cryptocurrency has offered to return the assets via social media platform Telegram.

A 71-year-old digital artist in India fell victim to scammers pretending to be an NFT art dealer. According to a local report, Shivaprasad R (name changed), a practicing chartered accountant (CA), lost INR 1.58 lakhs (approximately $1895) in fees to…

The Brooklyn DA Office, led by Eric Gonzalez, has dismantled a sophisticated cryptocurrency scam that duped individuals across the U.S. out of millions.

USDT stablecoin issuer Tether assisted the U.S. Department of Justice and the FBI in seizing around $1.4 million worth of USDT.