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.”
The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife.
The scammers breached countless X accounts to shill the memecoin, but they didn’t even make enough to buy a Toyota Corolla.
Donald Trump said in a video posted to X that his World Liberty Financial crypto project would launch Sept. 16.
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 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.
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.
Coinbase currently holds approximately $270 million in customer assets.
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.
It’s unclear at this time whether illicit activity has taken place, but a series of red flags has brought the token under scrutiny.
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.
Two hours after Match Systems claimed to have discovered the identity of Angel Drainer developers, users began complaining that the app no longer worked.
A crypto whale who lost $24 million worth of liquid staked Ethereum via a phishing scam last year is receiving the money back. Blockchain security firm Scam Sniffer reported that the attacker had returned more than $10 million of the stolen funds as of July 15. The refund On-chain data shows that the attacker began […]
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The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.
Fast-rising blockchain platform The Open Network (TON) is under increasing threat from phishing attacks, according to Yu Xian, the founder of blockchain security firm SlowMist. Xian highlighted the growing prevalence of phishing links and bots on TON. He attributes this rise to the network’s open nature, which makes it a fertile ground for scammers. He […]
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Almost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 as the industry continues to grapple with rising blockchain-related crime, according a report from Crystal Intelligence.
Ethereum co-founder Vitalik Buterin said the issues with ZKasino were evidence that the term “Zero-Knowledge (ZK)” has gained enough prominence in the industry to attract misuse by fraudulent actors. Buterin’s comment followed revelations that the blockchain-based gambling platform rugged its users — resulting in the loss of roughly $33 million worth of Ethereum (ETH). According to […]
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The Security Alliance said it’s helped to recover $50 million since it formed, and now it has launched a tool to assist in fighting crypto hacks in real time.
The group has been linked to several rug pulls, among them Magnate, Kokomo, Solfire and Lendora.
Blockchain security firm Blockaid said 50% of recent pre-sale token launches on Solana have been malicious.
The wallet drainer scam involves luring users into fake websites and prompting them to link their crypto wallets and eventually draining all funds.
As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
Approximately 100,000 users have downloaded fraudulent apps from Google Play, but the amount of user funds lost remains unknown.
More memecoins might also mean more scams.
Recent reports have indicated an alarming increase in scam attacks targeting Shiba Inu community members, aiming to exploit the community’s enthusiasm for fraudulent purposes. The latest wave of these malicious acts has specifically focused on investors of Shiba Inu’s newest ecosystem token, K9 Finance (KNINE). SHIB Scam Alerts On The Rise Shibarmy Scam Alerts, a […]
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7 ETH (equivalent to $11.6 million) via a flash loan attack on the protocol. On Friday, March 29, the Prisma Finance hacker transferred some of the proceeds from the theft to crypto […]
Elon Musk rolled out the paid verification model on X, earlier known as “Twitter Blue,” to fight the scammers and spammers thriving on the platform before his takeover.
The Securities and Futures Commission of Hong Kong's (SFC) issued a warning against HKCEXP, which it claims lured investors by falsely claiming to be an “FSC-registered business.”
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.