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Scams

Wrapped Bitcoin (WBTC) Wallet Loses $69,300,000 Worth of Crypto in Apparent Address Poisoning Scam

A crypto wallet lost $69.3 million worth of Wrapped Bitcoin (WBTC) in an apparent address-poisoning attack, according to the blockchain…

May 4, 2024

Government Needs ‘Additional Tools and Resources’ To Crack Down on Crypto, Says Treasury Official

An official with the United States Department of the Treasury says rooting out illicit finance by players in the crypto…

February 15, 2024

CFTC Charges Crypto Exchange Debiex With Fraud and Misappropriation for Running ‘Online Romance’ Scam

The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a "bogus" crypto exchange for allegedly…

January 21, 2024

Frantic Customer Calls JPMorgan Chase As $10,700 Exits Bank Account – Now the Banking Giant Says It’s Not To Blame: Report

Banking giant JPMorgan Chase is reportedly refusing to make a customer whole after thousands of dollars exited her account in…

January 13, 2024

Nearly $300,000,000 in Losses Recorded in 2023 Due to Crypto Phishing Scams, According to Cybersecurity Firm

Crypto phishing scams facilitated the theft of more than $295 million worth of assets in 2023, according to the cybersecurity…

January 3, 2024

Founder of Crypto Wallet Says He Lost $125,000 Worth of Coins After Falling for Fake Airdrop Scam

The co-founder of a crypto wallet says he has been "devastated" by accidentally clicking on a fake airdrop scam. Nest…

January 2, 2024

Web3 Projects Lose $2,020,000,000 in 2023 to Hacks, Rug Pulls and Phishing Attacks: Crypto Security Firm

Web3 projects lost more than $2 billion in 2023 to hacks, rug pulls and phishing scams, according to the blockchain…

December 30, 2023

Cybersecurity Expert Backs Elizabeth Warren’s Anti-Crypto Legislation Proposal

A cybersecurity expert is endorsing Senator Elizabeth Warren’s anti-crypto legislation proposal, saying that it would cut down on scams. According…

November 19, 2023

$889,260,000 in Crypto Lost to Hacks, Scams and Rug Pulls in Q3 of 2023, According to Blockchain Security Firm

Web3 security company Beosin EagleEye says that there was a drastic increase in illicit crypto activities during the third quarter…

October 3, 2023

US Government Forces SIM Swapper To Forfeit Millions in Bitcoin (BTC) and Sports Car: Report

A US federal court has reportedly ordered a SIM hijacker who allegedly stole crypto worth millions of dollars while in…

September 12, 2023