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Scams

Arbitrum DEX Burns Investors With $3,000,000 Rug Pull Scam, According to Blockchain Security Firm

A decentralized exchange (DEX) built on Arbitrum (ARB) burned its investors and made off with $3 million worth of crypto,…

May 20, 2023

One in Three US Crypto Investors Fell Victim to Fraudulent Websites or Investment Scams: Kaspersky Study

A new survey conducted by Kaspersky indicates one in three US digital asset investors have had their crypto stolen. The…

March 28, 2023

Nearly Quarter of New Crypto Tokens Launched in 2022 Resembled Pump-and-Dump Schemes: Chainalysis

Nearly one in four new crypto tokens that launched in 2022 had on-chain attributes that resembled pump-and-dump scams, according to…

February 18, 2023

SEC Charges Creators of Alleged $45,000,000 Crypto Scheme That Promised 500,000X Returns

The U.S. Securities and Exchange Commission (SEC) is charging the team behind the CoinDeal scheme for allegedly defrauding tens of…

January 10, 2023

Co-Founder of $4,000,000,000 Crypto Pyramid Scheme Faces 60 Years in Prison

The co-founder of a gigantic $4 billion crypto pyramid scheme is pleading guilty to money laundering and wire fraud charges,…

December 20, 2022

Scam Artists Used Ethereum 2.0 Merge To Steal $1,200,000 in Crypto, According to Chainalysis

Blockchain analysis firm Chainalysis says scam artists stole $1.2 million worth of Ethereum (ETH) during the project's merge to proof-of-stake.…

November 4, 2022

Sam Bankman-Fried Says Crypto Exchange FTX Will Dole Out One-Time $6,000,000 Reimbursement to Phishing Victims

Billionaire Sam Bankman-Fried says crypto derivatives exchange FTX will dole out $6 million to reimburse users who were impacted by…

October 25, 2022

Over $1,260,000,000 Stolen From Ethereum-Dominated Crypto Sector in Q1 This Year: FBI

The U.S. Federal Bureau of Investigation (FBI) says that one popular niche of the cryptocurrency ecosystem has become a prime…

August 31, 2022

Russian Citizen Accused of Seizing Massive Trove of Bitcoin (BTC) Extradited to United States

The Russian national who is facing crypto-related charges in the Northern District Court of California is reportedly being extradited from…

August 5, 2022

FBI Warns US Crypto Investors of Bad Actors Tricking Victims Into Downloading Fraudulent Crypto Apps

The U.S. Federal Bureau of Investigation (FBI) is cautioning against cybercriminals targeting crypto investors. According to the FBI, cybercriminals are…

July 20, 2022