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Report: Namibian Police Arrest 20 Ringleaders of Local Pig Butchering Crypto Scam

[Oct 18, 2023 4:30 AM] Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the…

Is Your Crypto at Risk? FBI Issues Dire Warning Over ‘Phantom Hacker’

[Oct 2, 2023 7:00 PM] As the crypto market continues to attract substantial investments, it has also witnessed a surge in scams and fraudulent activities. Regulatory institutions worldwide, spearheaded by the United States, seem to intensify their efforts to combat…

Digital Assets Worth Billions Still Secure Despite Rise in Cyber Attacks — Former Microsoft Security Lead

[Sep 22, 2023 3:30 AM] A former Microsoft Security Lead has insisted that a great proportion of digital assets worth billions of dollars are secure and are being “safely managed by hundreds of protocols.” The security expert suggested that protocols also need…

Lawyer Involved In Cryptoqueen’s OneCoin Scam Receives Shocking Response From Court

[Sep 19, 2023 7:00 AM] The OneCoin scam saga has continued to linger despite it being years since it took place, and this time around, a lawyer who was involved in the pyramid scheme has received a rather shocking response from the court.  OneCoin Lawyer Denied Retrial…

Vitalik Buterin’s X Account Hacked to Promote Crypto Scam

[Sep 10, 2023 5:05 AM] The X account of Ethereum founder Vitalik Buterin has apparently suffered a breach by scammers spreading phishing links. The attack, which manifested itself in the form of a post offering free digital collectibles, has allegedly resulted in the…

Australian Crypto Exchange Swyftx Offers Financial Incentives to Learners Completing Crypto Course

[Sep 8, 2023 5:30 AM] The Australian cryptocurrency exchange Swyftx has said it will offer financial rewards to users who complete its crypto education course. The crypto exchange said it expects as many as 80,000 participants and has promised a reward of just over $64…

Israeli Cyber Crime Unit Raids Company Accused of Producing a Crypto-Stealing ‘Sting Software’

[Sep 7, 2023 3:30 AM] Israeli law enforcement recently raided the offices of a company accused of producing software used by criminals to defraud crypto investors of millions of dollars. Some six suspects were arrested following the raid on a company that is reportedly…

Israeli Police Accuse Crypto Businessman Moshe Hogeg of $290 Million Fraud

[Aug 25, 2023 2:30 AM] Following a two-year long investigation, police have alleged that Israeli tech entrepreneur Moshe Hogeg defrauded investors of $290 million. Hogeg and several of his partners are accused of spending the money they collected from Israeli and foreign…

SEC Charges Former US Correctional Officer With Fraudulent Crypto Token Sale

[Aug 24, 2023 4:30 PM] The U.S. Securities and Exchange Commission said on Aug. 23 that it had charged a former New Jersey correctional officer “with fraudulently raising funds through the unregistered offering of the blazar token.” The Commission said the…

Betrayal In Blue: Former NJ Officer Charged With Crypto Fraud

[Aug 23, 2023 9:00 PM] In a major development, the US Securities and Exchange Commission (SEC) has charged former New Jersey State Correctional Police Officer, John A. DeSalvo, for allegedly orchestrating a fraudulent crypto fraud scheme that specifically targeted law…

Binance CEO Shares Details Of $20 Million Scam Attempt

[Aug 3, 2023 1:00 PM] Binance CEO, Changpeng ‘CZ’ Zhao has recently provided details on a failed $20 million scam attempt in a bid to keep the crypto community on alert for future occurrences. Crypto Scammers Are “So Good Now,” Binance CEO Says In a tweet on�

Aussie Crypto Scammers Charged in $5.5 Million Fraud Case, $600K Ferrari Among Seized Luxury Vehicles

[Jun 24, 2023 6:30 AM] Authorities in Australia have charged two individuals accused of operating a cryptocurrency scam that defrauded two companies of $5.5 million. Luxury vehicles worth $2.7 million including a $600,000 Ferrari have been seized by law enforcement…

ZachXBT Legal Fight Turns Into Funding Success, Over $1 Million Raised

[Jun 19, 2023 5:50 AM] ZachXBT, a highly respected blockchain sleuth, has sparked an outpouring of support from the cryptocurrency community after revealing a defamation lawsuit stemming from one of his previous investigations.  In a remarkable show of solidarity…

Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued

[May 10, 2023 5:30 AM] Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National…

Australian crypto scams increased by over 162% with nearly $150M lost

[Apr 17, 2023 7:48 PM] While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022.

Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022

[Mar 9, 2023 6:30 AM] According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology…

Mirror Trading International Liquidators Spent More Than $6 million on Lawyers and Investigators

[Feb 27, 2023 5:00 AM] Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their…

Google Ads-delivered malware drains NFT influencer’s entire crypto wallet

[Jan 15, 2023 7:48 PM] A sponsored advertising link on Google hid malware that siphoned thousands of dollars worth of crypto and NFTs from an influencer’s wallet.

Italy and Albania Bust €15 Million Crypto Investment Scam

[Dec 23, 2022 3:00 AM] Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and…

$4B OneCoin scam co-founder pleads guilty, faces 60 years jail

[Dec 18, 2022 11:41 PM] The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering.

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

[Dec 15, 2022 11:57 PM] Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.

US Seizes Domains Used in ‘Pig Butchering’ Crypto Scam

[Nov 23, 2022 11:00 PM] U.S. authorities have seized seven domains used in “pig butchering” cryptocurrency schemes. “Once the money is sent to the fake investment app, the scammer vanishes, taking all the money with them, often resulting in significant…

Sam Bankman-Fried deepfake attempts to scam investors impacted by FTX

[Nov 21, 2022 11:53 PM] A faked video the FTX founder created by scammers has circulated on Twitter with users poking fun at its poor production quality.