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Scams, Schemes and Hacks

IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax…

April 14, 2024

Citibank Allows Fraudulent Wire Transfers To Proceed After Customers Report Scams, Ask Bank To Freeze Accounts: New York Attorney General

New York Attorney General Letitia James says one of America's biggest banks does nothing to stop fraudulent wire transfers even…

April 13, 2024

Wells Fargo Says It Has Suffered Data Breach, Blames Employee for Exposing Personal Information on Pair of Customers

Banking titan Wells Fargo says it suffered a data breach that exposed sensitive information on at least two of its…

April 13, 2024

US Hacker Handed Three-Year Prison Sentence for Looting $12,000,000+ in Crypto From Two Decentralized Exchanges

A US hacker convicted of plundering more than $12 million worth of crypto assets from two decentralized exchanges (DEXs) was…

April 13, 2024

Phishing Scams Appear As Ads on Ethereum Block Explorer Etherscan: Report

Phishing scams are bubbling up on the Ethereum (ETH) block explorer Etherscan, according to the cybersecurity firm Scam Sniffer. The…

April 9, 2024

$2,000,000 Stolen From Bank of America Account in Devastating Scam, Triggering Lawsuit for Alleged Negligence, Breach of Contract and Violation of Federal Law: Report

An elderly woman who lost millions of dollars to scammers is hitting Bank of America (BofA) with a lawsuit over…

April 6, 2024

‘Head of Compliance’ at Infamous $4,000,000,000 OneCoin Crypto Scheme Sentenced to Four Years in Prison

A top executive of the fraudulent cryptocurrency scheme OneCoin will spend years behind bars for her role in the multi-level…

April 5, 2024

Search Engine Giant Google Suing Alleged Crypto Scammers Over Fake Android Apps: Report

Tech giant Google is reportedly launching a lawsuit against crypto scammers who allegedly employed fake Android apps to reel in…

April 4, 2024

Sam Bankman-Fried Speaks From Prison, Says FTX Victims Deserve To Be Paid in Full at Current Prices: Report

The founder and former CEO of the now-collapsed FTX crypto exchange is speaking out from behind bars. Last week, a…

April 1, 2024

Online Pirated Streaming Content Witnesses Surge in Crypto Payments Between 2019 and 2023: Chainalysis

Crypto assets are increasingly being used to pay for pirated online streaming content, according to the blockchain analysis firm Chainalysis.…

March 30, 2024