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Scams, Schemes and Hacks

$137,000 ‘Fully Drained’ From JPMorgan Chase Account in Seconds – Now Customers Demand to Know Why Bank Raised No Red Flags: Report

Two JPMorgan Chase customers say the bank's fraud prevention systems are woefully inadequate after $137,000 was drained from their account…

February 9, 2024

Crypto Exchange CEO Sentenced to Seven Years in Prison for Swindling Millions From Customers: Report

South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis,…

February 8, 2024

Montenegro’s Appellate Court Revokes Terra (LUNA) Founder Do Kwon’s Extradition to the US, Orders Retrial

An appellate court in Montenegro is revoking the extradition of disgraced Terra (LUNA) founder Do Kwon to the US and…

February 8, 2024

Ransomware Makes Comeback With Over $1,000,000,000 Extorted in 2023, According to Chainalysis

New data from market intelligence platform Chainalysis reveals that ransomware attacks resurfaced in 2023, extorting over $1 billion from investors…

February 7, 2024

US Banking Giant Owes Millions of Dollars to Customers After Failing to Protect and Reimburse Victims of Fraud for Years: New York Attorney General

New York is suing one of America's biggest banks for allegedly implementing weak security measures, deceiving customers about their rights…

February 3, 2024

Binance Exchange Slapped With Lawsuit in New York by Victims of October 7 Hamas Attack on Israel: Report

The world’s largest crypto exchange platform by volume is reportedly being sued in New York by the victims of the…

February 2, 2024

Ripple Executive Chairman Chris Larsen Says Hacker Accessed His Personal XRP Accounts

A hacker has cracked Ripple's co-founder and executive chairman Chris Larsen's personal wallets, reportedly stealing more than $117 million worth…

February 1, 2024

$2,170,000,000 in Bitcoin (BTC) Seized by German Authorities From Alleged Illegal Movie Streamers: Report

German law enforcement authorities provisionally seized nearly 50,000 Bitcoin (BTC) worth $2.17 billion as part of an investigation into an…

February 1, 2024

DOJ Charges Founder and Top Promoters of Alleged $1,890,000,000 Crypto Ponzi Scheme That Promised High Returns

The U.S. Department of Justice (DOJ) has slapped three individuals with criminal charges related to their alleged involvement in a…

January 31, 2024

Phishing Comments Under X Posts Leading to Many Crypto Thefts, Says Blockchain Security Firm SlowMist

Misleading comments that link to crypto phishing scams are plaguing the social media platform X, according to the blockchain security…

January 31, 2024