1 / 7 Relevant items tagged with #Scams

Posts

Crypto scammers orchestrate massive hack on X but barely made $8K

[today 3:39 AM] The scammers breached countless X accounts to shill the memecoin, but they didn’t even make enough to buy a Toyota Corolla.

Inside the Pig Butchering Scam: Real Stories from Victims

[yesterday 4:46 PM] The latest Cointelegraph video discusses one of the most dangerous crypto scams, 'Pig Butchering,' where victims are lured into fake investment schemes.

CFTC Teams up With SEC to Fight Cryptocurrency Scams

[Sep 14 1:30 AM] The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic…

US Treasury Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links

[Sep 13 6:30 AM] The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam…

Trump to launch World Liberty Financial crypto platform on Sept. 16

[Sep 13 4:34 AM] In a video posted on X, Donald Trump announced that his World Liberty Financial crypto project would launch on Sept. 16.

UK Bill Recognizes Digital Assets as Personal Property Under New Law

[Sep 12 1:30 AM] The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal…

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket

[Sep 6 2:30 AM] The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve…

Lara and Tiffany Trump X accounts hacked, users warned not to click links 

[Sep 4 3:24 AM] Scammers have taken over two accounts associated with presidential candidate Donald Trump's family

FBI warns of North Korean ’social engineering’ schemes to steal crypto

[Sep 3 7:25 PM] DPRK scammers have been employing fake offers of employment and investment opportunities to trick crypto users into downloading malware.

August sees 215% rise in crypto phishing, $55M lost in single attack

[Sep 3 10:33 AM] The majority of the stolen funds are accounted for by a major phishing incident that cost an unfortunate user $55 million.

Crypto ATMs surge 17X in Australia amid concerns over use by bad actors

[Aug 30 2:50 AM] The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime.

Indian Court Orders Scam Websites Using Crypto Exchange Mudrex's Name to Be Taken Down

[Aug 29 9:47 AM] Indian cryptocurrency exchange Mudrex won a court order telling the country's Ministry of Communication to take down as many as 38 websites that were exploiting the company's name to carry out scams.

Coinbase Shares Tips to Protect From Crypto Scams

[Aug 29 1:30 AM] Crypto exchange Coinbase supports the Australian government’s Scams Awareness Week, emphasizing the importance of consumer education to combat fraud. Coinbase APAC’s managing director offered tips for investors to protect themselves…

Australians Lost $122M Worth of Crypto to Scams in 12 Months: Police

[Aug 28 7:16 AM] Australia's national police agency has warned that Australians lost at least Australian dollars 180 million of cryptocurrency ($122 million) in investment scams in just 12 months, "urging all to be extra aware of the proliferation and…

Mac users warned over malware ‘Cthulhu’ that steals crypto wallets

[Aug 26 3:45 AM] The malware targets popular crypto wallets frm the likes of MetaMask, Coinbase, and Binance, on macOS operating systems. 

Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year

[Aug 19 3:55 PM] The cypro scams amounted to about 9% of the total fake investment platforms taken down in the first year of its investment scam disruption program.

New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud

[Aug 19 2:30 AM] The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account…

Clay County Intensifies Efforts Against Cryptocurrency Scams

[Aug 17 5:30 AM] The Clay County Prosecutor’s Office, located in Liberty, Missouri, is intensifying efforts to combat the rise in cryptocurrency-related scams. Recognizing the growing threat posed by scams related to cryptocurrencies like bitcoin and…

Binance Security Team Recovers $73 Million in Stolen Crypto Funds This Year

[Aug 9 3:10 AM] Crypto exchange Binance’s security team has recovered or frozen over $73 million in stolen user funds so far this year, surpassing the $55 million recovered in 2023. This achievement highlights the company’s commitment to improving…

Coinbase to expand use of Vaults for secure crypto custody — Executive

[Aug 8 5:18 PM] Coinbase currently holds approximately $270 million in customer assets.

Lookonchain oopsie? The $2B of ETH was sold back in 2021 — EmberCN

[Aug 8 1:44 AM] Lookonchain shared that Plus Token had begun moving nearly $2 billion in ETH but it turns out most of it had already been sold in 2021.

Surge in Bitcoin Scams Hits Lubbock, Police Warn

[Aug 7 5:30 AM] Lubbock police in Texas have reported a notable increase in bitcoin-related scams, with victims losing significant amounts of money. Over the last few months, 20 to 30 individuals have come forward to report scams involving gift cards and bitcoin…

FBI Issues Warning About Crypto Exchange Scams

[Aug 2 2:30 AM] The Federal Bureau of Investigation (FBI) has warned cryptocurrency users about scammers impersonating crypto exchange employees to steal funds through unsolicited messages or calls. These fraudsters create urgency, claiming issues with accounts to…

NY authorities announce charges related to ‘sham’ crypto recovery firm

[Aug 1 4:14 PM] The New York County District Attorney seized roughly $14,000 that Coin Dispute Network operators allegedly stole from users.

China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects

[Jul 31 9:38 AM] Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago.

Over 70% of hacked funds are lost to CeFi entities — Cyvers

[Jul 31 8:43 AM] Real-time threat detection and AI integrations could further bolster Web3 security, according to the CEO of Cyvers.

$31M Neiro project on Ethereum ‘is a honeypot’ — Wazz

[Jul 28 1:05 PM] It’s unclear at this time whether illicit activity has taken place, but a series of red flags has brought the token under scrutiny.

Forcount crypto scheme promoters plead guilty to wire fraud conspiracy

[Jul 22 3:48 PM] On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty.

Angel Drainer reportedly shuts down after devs potentially identified

[Jul 16 4:12 PM] Two hours after Match Systems claimed to have discovered the identity of Angel Drainer developers, users began complaining that the app no longer worked.

Cambodian Payments Firm Received $150K From North Korean Hackers Lazarus Wallet: Reuters

[Jul 15 9:15 AM] The crypto was stolen by Lazarus hackers from three crypto companies in June and July last year.