XRP has hit a new all-time high of $3.65, driven largely by a spike in trading activity across South Korea and the United States. Data from CryptoSlate shows that XRP ranked among the top five most traded digital assets over the past 24 hours, trailing only behind Bitcoin, Ethereum, and the stablecoins USDT and USDC. […]
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The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9 urging retail investors to reject pitchbooks that wrap old-style pyramid sales in crypto terminology. According to local news outlets, BIFA said promoters have begun advertising “stablecoin wealth plans,” “Web 3.0 dividends,” and similar offers that promise fixed returns. The circular listed five […]
The post Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines appeared first on CryptoSlate.
Analysts at BitMEX Research have raised the alarm about a scam targeting early Bitcoin holders, particularly those with wallets dating back to 2011. According to the firm, the scam appears to exploit long-dormant addresses by injecting false transactions and misleading messages via OP_Return outputs, an optional field in Bitcoin transactions that can carry arbitrary data. […]
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An on-chain investigation has revealed that North Korea IT workers posing as foreign developers have earned nearly $17 million from crypto startups and blockchain companies this year. The findings, revealed by prominent blockchain investigator ZachXBT, show that these individuals have successfully integrated into dozens of crypto projects by concealing their identities and locations. According to […]
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The majority of incidents took place on the Ethereum network, followed by Bitcoin.
The first half of 2025 exposed deep vulnerabilities in the crypto industry, with hackers stealing over $2.1 billion across 75 separate incidents. This marks a 10% increase from the previous H1 record of $2 billion in 2022 and nearly matches the full-year figure for 2024, which closed at $2.2 billion, according to a report from […]
The post Crypto heists reach $2.1B so far in 2025 as state-backed hackers ramp up attacks appeared first on CryptoSlate.
A new wave of cyberattacks shows the DPRK is exploiting the crypto industry’s recruitment funnel, using fake LinkedIn job offers, deep‑fake Zoom calls, and backdoored interview files to access Web3 developers’ wallets and repositories. With seasoned developer talent already thinning and open‑source protocols increasingly reliant on individual contributors, the stakes have never been higher. North […]
The post You’re Hired! North Korea’s new crypto scam starts with a job offer appeared first on CryptoSlate.
Investigators have linked a figure in the $30 million ZKasino alleged scam to a fresh cryptocurrency project branded WhiteRock (WHITE), on-chain analyst ZachXBT reported in a June 16 post on X. WhiteRock surfaced in December 2024 with an anonymous team, overstated user counts, and unverifiable claims about a USDX reserve, researchers at Blokiments wrote in […]
The post ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock appeared first on CryptoSlate.
The fallout from Coinbase’s recent data breach has reached a troubling new phase as victims report receiving fraudulent physical letters in the mail, exploiting their exposed personal information to advance a credit protection scam. The Block founder Mike Dudas sounded the alarm in a social media post on June 5, warning that he received a […]
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Anti-money laundering regulator AUSTRAC obtained data showing that 72% of all crypto ATM transactions are carried out by people over the age of 50.
The largest attack was the $225 million exploit of the Cetus Protocol.
The US Treasury Department imposed sanctions on Funnull Technology Inc., a Philippines-based tech firm accused of facilitating hundreds of thousands of online crypto investment scams known as “pig butchering,” which defrauded American victims of over $200 million. The Office of Foreign Assets Control (OFAC) also designated Liu Lizhi, a Chinese national and administrator of Funnull, […]
The post US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree appeared first on CryptoSlate.
A similar mining scheme occurred in the region in 2022.
A crypto trader lost over $2.5 million worth of Tether (USDT) after falling for the same scam twice within hours. On May 26, blockchain security firm Scam Sniffer reported that the first error occurred when the trader copied a manipulated wallet address from their transaction history. This resulted in a transfer of $843,000 to the […]
The post Crypto trader loses $2.5 million USDT after falling for address poisoning scam twice appeared first on CryptoSlate.
Dubai-based Indian memecoin creator, Sahil Arora, called memecoin rug pull schemes the most lucrative opportunity in an interview with the New York Post. According to the May 17 article, Arora, who boasts of earning millions of dollars from over 100 memecoin rug pulls, said: “The easiest way to make money is to deploy a meme […]
The post Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’ appeared first on CryptoSlate.
Eric Council Jr. was sentenced to 14 months’ imprisonment for his role in the Jan. 9, 2024, hack of the U.S. Securities and Exchange Commission’s (SEC’s) X account. The convicted, along with co-conspirators, posted false news of the SEC approving the first Bitcoin (BTC) exchange-traded fund in the U.S. In a press release on May […]
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Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning […]
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Illicit marketplaces are a key part of the growing global cyberscams industry, with Southeast Asia being among the hubs for such activity.
Seven millions tokens have been launched in pump.fun since its inception in 2024.
Blockchain investigator ZachXBT revealed that Coinbase users lost another $45 million over the past week due to coordinated social engineering scams. The update, shared on his Telegram channel, identifies multiple wallet addresses connected to the theft and links the latest activity to a broader pattern of crypto heists that has persisted for months. The report […]
The post ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams appeared first on CryptoSlate.
The group rolled out its own stablecoin in January to avoid traditional currency restrictions.
Aikido Security disclosed a vulnerability in the XRP Ledger’s (XRPL) official JavaScript SDK, revealing that multiple compromised versions of the XRPL Node Package Manager (NPM) package were published to the registry starting April 21. The affected versions, v4.2.1 through v4.2.4 and v2.14.2, contained a backdoor capable of exfiltrating private keys, posing a severe risk to […]
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Phishing scams targeting crypto users have become more advanced, with attackers abusing Google’s infrastructure to conduct highly convincing attacks. On April 16, Nick Johnson, the founder and lead developer of Ethereum Name Service (ENS), raised concerns over a fresh method cybercriminals use to compromise Gmail accounts and potentially target associated crypto wallets. How phishing attackers […]
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Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme. Early reports from local media outlets placed total investor losses at ₦1.3 trillion (approximately $800 million), with the funds allegedly sitting in a Tron wallet believed to be associated with CBEX. However, CryptoSlate’s analysis suggests […]
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Coinbase users are again in the spotlight after losing more than $46 million to social engineering scams this month alone, according to blockchain sleuth ZachXBT. On March 28, the on-chain investigator reported on his Telegram channel that an unnamed Coinbase user lost approximately 400 BTC—worth around $34.9 million—after being the victim of an elaborate theft. […]
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Former Safemoon Chief Technology Officer (CTO) Thomas Smith has pleaded guilty to charges related to a $200 million fraud scheme tied to the controversial crypto project. On Feb. 20, investigative YouTuber Stephen Findeisen, known as Coffeezilla, reported the development, recalling that he had exposed Safemoon’s fraudulent practices three years ago. At the time, the project […]
The post Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy appeared first on CryptoSlate.
Binance CEO Richard Teng has warned the crypto community about a rising scam called “share-seed-phrase.” In a Feb. 18 post on X, Teng revealed that fraudsters use this deceptive tactic to manipulate victims into transferring funds to wallets controlled by them. How the scam operates In a blog post, Binance explained that the scammers impersonate […]
The post Rising ‘share-seed-phrase’ scam targets crypto holders, Binance CEO warns appeared first on CryptoSlate.
Malicious actors stole roughly $9.9 billion from the crypto ecosystem last year — the lowest amount since 2021, according to a recent Chainalysis report. The firm added that the figure is expected to rise to $12.4 billion as more fraudulent addresses are identified. Additionally, the report warned that AI-powered fraud techniques and the professionalization of […]
The post Crypto scammers net over $9B in 2024 as AI supercharges fraud appeared first on CryptoSlate.
The FBI’s initiative to counter crypto investment fraud has helped thousands of victims avoid losing millions of dollars since its launch, according to a Feb. 13 press release. Dubbed Operation Level Up, the program proactively identifies individuals in the midst of being scammed and intervenes before they lose their money. Since its launch, the initiative […]
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Fraudsters raked in at least $9.9 billion and possibly as much as $12.4 billion with their methods becoming more “professionalized.”