Scams

The US Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd., its founders, and several people who promoted the firm for orchestrating a fraudulent scheme that victimized over 200,000 investors worldwide.The…

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…

Crypto ATMs, designed to facilitate converting cash to cryptocurrencies, are increasingly being exploited by scammers, according to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami…

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…

Amid the drama related to the ‘whitehat‘ Certik hack. Kraken is continuing its partnership with popular YouTuber KitBoga to combat crypto scammers. This collaboration, which has been ongoing for over a year, aims to leverage KitBoga’s…

The following is a sponsored guest article from Sergey Shashev, the founder of Broxus.From Community Rewards to the Hunt for “Free Money”The community has been a driving force behind the development of Web3 applications and blockchains.…

ZKasino, a DeFi platform recently embroiled in controversy, announced that it will return stolen funds to its investors at a 1:1 ratio.The platform, which Dutch authorities recently charged with stealing $30 million in user deposits, stated…

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…

Google has taken legal action against a group of individuals it accuses of defrauding over 100,000 people globally by distributing counterfeit crypto apps through its Google Play store, CNBC reported.The lawsuit was filed in the Southern…

The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report, revealing a significant rise in crypto-related fraud and the use of digital assets in cybercrime.The 2023 IC3 report serves as a comprehensive overview of the…