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.”
The majority of scams involved gaining access to notable people's social media accounts through social engineering.
The crypto industry saw ransomware payments decline by 35% in 2024, falling to $813 million from the previous year’s $1.25 billion, according to Chainalysis‘ 2025 Crypto Crime Report. According to the firm, this marks the most significant annual decline in ransomware revenue over the past three years. Crypto ransomware 2024 Despite an initial uptick in […]
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Blockchain security firm Scam Sniffer reported that crypto phishing scams drained $10.25 million from 9,220 victims in January, marking a 56% decline from December’s $23.58 million in losses. However, the report notes that the bad actors have been evolving and implementing more sophisticated attack methods. Ethereum users targeted According to Scam Sniffer, Ethereum users were […]
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On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering scams. Over the past few months, numerous users have taken to social media to report sudden account restrictions, which ZachXBT attributed to the exchange’s aggressive risk models and a failure to mitigate ongoing scams. The […]
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Over the weekend, hackers targeted the social media accounts of Visa and Hollywood actor Dean Norris to promote fraudulent crypto tokens. The incidents have raised concerns about the increasing use of compromised high-profile accounts to execute crypto scams. Visa’s Facebook compromise On Jan. 26, hackers accessed Visa’s official Facebook page and used it to promote […]
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The official President Donald Trump memecoin called TRUMP launched on Jan. 17 and soared to a $72 billion market valuation within just two days. Backed by the Trump family, the crypto ignited significant public interest while simultaneously becoming a lucrative target for fraudsters. A report by Web3 security firm Blockaid highlighted the rapid escalation of […]
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The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.
Crypto laundering from hacking activities skyrocketed in 2024, with $1.3 billion funneled through illicit methods. On Jan. 13, blockchain security firm Peckshield reported a staggering 280% increase compared to the $342 million recorded in 2023. The firm stated that its analysis focused on incidents involving hack-related losses exceeding $1 million. PeckShield noted that the booming […]
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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.”
According to cybersecurity firm CertiK, the number of crypto hacks and exploits rose to 303 incidents in 2024, up from 282 in 2023.
India has intensified efforts to curb crypto-related scams by collaborating with tech giants Google and Meta (formerly Facebook), according to the Ministry of Home Affairs’ 2024 annual report. The initiative aims to combat the rising threat of “pig butchering” scams, a form of crypto investment fraud targeting vulnerable groups such as unemployed youth, housewives, students, […]
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T3 Financial Crime Unit (T3 FCU) has frozen criminal assets valued at $100 million across five continents. Formed by Tether, TRON, and TRM Labs in August 2024, the group collaborates with law enforcement worldwide to disrupt organized schemes that rely on blockchain transactions. It analyzes on-chain activity, identifies suspicious patterns, and works directly with authorities […]
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Pig butchering scams led to $3.6 billion in crypto losses in 2024, emerging as the most significant fraud scheme of the year, according to a report by web3 security firm Cyvers. The long-term fraud method, where victims are groomed over time to make substantial investments, outpaced other forms of crypto scams in 2024. The report […]
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The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, are particularly concerned about the growing number of schemes involving bogus crypto investments. […]
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Cybersecurity company Kaspersky revealed that malicious actors have devised a new scam involving seed phrases to target unsuspecting crypto users, according to a Dec. 23 blog post. This sophisticated scheme preys on individuals’ curiosity and dishonesty, leading to financial losses for unsuspecting victims. How the scam works Seed phrases, crucial for recovering access to crypto […]
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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 hackers had a busy year in 2024 and cybersecurity experts warn that continued advances in artificial intelligence could bring new attack vectors in 2025.
A look at the dark side of rug pulls and the complex manipulation strategies pervading them.
The U.S. Securities and Exchange Commission charged three individuals on Dec. 11 with impersonating securities brokers and investment advisers to execute a scheme involving digital assets. The complaint names three Nigerian nationals and alleges that their actions diverted more than $2.9 million from at least 28 investors by directing them toward fraudulent platforms, then instructing […]
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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.
An investigation by ZachXBT linked addresses associated with a former professional Fortnite player and cybersecurity analyst to several high-profile account takeovers.
“We’re hitting CEOs, CFOs, software engineers,” the brazen scammer told Casa CEO Nick Neuman: “We don’t call poor people.”
Crypto companies are among the most affected by audio and video deepfake frauds in 2024, with more than half reporting incidents in a recent survey. According to the survey conducted by forensic services firm Regula, 57% of crypto companies reported being victims of audio fraud, while 53% of the respondents fell for fake video scams. Those […]
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Deepfake scams are everywhere, and detecting them with the naked eye is fast becoming impossible. Awareness and education need to be improved.
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.
Users should not click on any airdrop links shared in EigenLayer’s recent post, warned onchain detective ZachXBT.
Phishing attacks are a growing concern in the crypto industry, accounting for over $46 million worth of cryptocurrency stolen during September.
Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.