1 / 8 Relevant items tagged with #Scams
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Feds Take Down 73-Year-Old in $2.4M Crypto Conspiracy—Prison Time Looms
[Mar 1 6:30 AM] A federal jury in Texas has convicted Randall V. Rule, 73, of laundering cryptocurrency linked to various fraud schemes, including romance scams and real estate fraud. Prosecutors revealed that Rule and co-conspirator Gregory C. Nysewander…
India Seizes $2.8M in Crypto After Raiding 60+ Locations in Gainbitcoin Scam
[Mar 1 5:30 AM] India’s CBI has seized cryptocurrencies worth approximately $2.8 million in raids across over 60 locations, uncovering key evidence in the Gainbitcoin scam. CBI Seizes Cryptocurrency in Gainbitcoin Scam Raids The Central Bureau of…
FBI Cracks $290M Crypto Scam—Trade Coin Club Exposed
[Feb 23 4:30 AM] A Brazilian man accused of masterminding a $290 million crypto Ponzi scheme has been extradited to the U.S., where he faces fraud charges and a potential 20-year sentence. Global Crypto Fraudster Faces U.S. Justice—Inside the $290M Bitcoin Scheme A…
Libra’s Hayden Davis Says He Sent Money to Javier Milei’s Sister
[Feb 19 7:10 AM] Reporting from Coindesk has revealed that Hayden Davis, CEO of Kelsier Ventures, one of the entities behind the embattled memecoin Libra, allegedly boasted about sending money to Karina Milei, Argentinian President Javier Milei’s sister, months…
Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial
[Feb 17 4:30 AM] A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial…
Hashflare Operators Plead Guilty in Massive Fraud Case
[Feb 16 5:30 AM] Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, pleaded guilty to operating a $577 million cryptocurrency Ponzi scheme through their fraudulent mining service, Hashflare. The scheme, running from 2015 to 2019, deceived hundreds of…
FBI Saves 4,300 Crypto Victims, Stopping $285M in Devastating Losses
[Feb 16 4:30 AM] The FBI’s Operation Level Up has saved over 4,300 potential victims from losing $285 million to cryptocurrency scams, preventing life-altering financial losses and exposing fraudulent platforms. Operation Level Up: Inside the FBI’s Mission to…
Pig Butchering Just Got Smarter: 40% Surge Shows Scammers Moving Faster and Hitting Harder
[Feb 15 4:30 AM] Pig butchering scams exploded in 2024, with fraudsters stealing billions through AI-driven deepfakes and rapid-fire scams, overwhelming victims and outpacing law enforcement crackdowns worldwide. Pig Butchering Scams Surge as AI Fuels New Fraud…
FBI Warns: Valentine’s Day to Bring a Surge in Crypto Fraud—Don’t Get Trapped
[Feb 8 4:30 AM] The FBI warns that scammers are exploiting Valentine’s Day to lure victims into fraudulent cryptocurrency investments, using fake identities and deceptive websites to steal funds. FBI Alert: Crypto Con Artists Are Using Valentine’s Day to…
Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic
[Jan 15 5:47 AM] The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.
CFPB proposes crypto firms refund users for funds lost to hacks
[Jan 10 4:45 PM] A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”
Fake OKX plugins found on the Firefox browser store
[Jan 8 11:10 PM] According to cybersecurity firm CertiK, the number of crypto hacks and exploits rose to 303 incidents in 2024, up from 282 in 2023.
Hawk Tuah influencer speaks out after memecoin rug pull allegations
[Dec 20, 2024 6:29 PM] A memecoin bearing Haliey Welch’s likeness rose to a market capitalization of roughly $500 million after its launch on Dec. 4 before dropping by 90%.
Crypto thieves score big on centralized services, private keys in 2024
[Dec 19, 2024 1:00 PM] Crypto hackers had a busy year in 2024, and cybersecurity experts warn that continued advances in artificial intelligence could bring new attack vectors in 2025.
DeFi rug pull surge reveals more complex crypto scam strategies
[Dec 12, 2024 2:00 PM] A look at the dark side of rug pulls and the complex manipulation strategies pervading them.
New Chainalysis CEO expects greater clarity on stablecoins in 2025
[Dec 5, 2024 1:00 PM] The company’s former chief strategy officer, Jonathan Levin, assumed the role of CEO and offered his thoughts to Cointelegraph on the future of the industry.
ZachXBT alleges former pro-Fortnite player helped steal $3.5M via memecoin scams
[Nov 28, 2024 4:26 AM] An investigation by ZachXBT linked addresses associated with a former professional Fortnite player and cybersecurity analyst to several high-profile account takeovers.
Coinbase scammer claims to earn 5 figures a week targeting crypto CEOs
[Nov 21, 2024 5:43 AM] “We’re hitting CEOs, CFOs, software engineers,” a brazen scammer told Casa CEO Nick Neuman: “We don’t call poor people.”
Crypto needs to increase defenses against 654% spike in deepfake scams
[Oct 29, 2024 3:00 PM] Deepfake scams are everywhere, and detecting them with the naked eye is fast becoming impossible. Awareness and education need to be improved.
10 iconic crypto history videos you won’t believe actually happened
[Oct 29, 2024 12:30 PM] The birth and history of the crypto scene could be considered a meme. These iconic videos represent key chapters and milestones from crypto’s history and may make you giggle.
EigenLayer X account compromised, shares malicious airdrop link
[Oct 18, 2024 10:46 AM] Users should not click on any airdrop links shared in EigenLayer’s recent post, warned onchain detective ZachXBT.
Ledger users targeted by malicious ‘clear signing’ phishing email
[Oct 15, 2024 10:58 AM] Phishing attacks are a growing concern in the crypto industry, accounting for over $46 million worth of cryptocurrency stolen during September.
FBI Warns Investors of Growing Crypto Scams Amid Billion-Dollar Losses
[Oct 11, 2024 5:30 AM] The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments…
Inside the pig butchering scam: Crypto victims share their stories
[Oct 8, 2024 3:38 PM] The latest Cointelegraph video explores one of the most dangerous crypto scams, "pig butchering," by sharing some of the victims’ real stories.
UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud
[Oct 8, 2024 9:37 AM] Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.
SEC Flags Risks in Crypto and Emerging Tech Investment Scams
[Oct 7, 2024 11:30 PM] The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial…
Revolut prevents $13.5M of ‘potential fraud transactions’ in crypto
[Oct 7, 2024 11:02 PM] Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”
Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes
[Sep 30, 2024 1:30 AM] The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in…
Feds end Bitcoin bandits’ luxury life fueled by $230M crypto scam
[Sep 20, 2024 3:11 AM] The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife.