Scams

AdIn a recent tweet, on-chain detective ZachXBT said he “sincerely meant” he was ending community requests for help with crypto scams, adding that he’s done more than his fair share in rooting out the actions of bad actors.“It has been a…

The SEC froze Miami-based investment adviser BKCoin’s assets.The agency alleged that the firm used the millions of dollars it raised to make “Ponzi-like payments and for personal use.”The SEC has been very active in crypto…

This month, the crypto world was shaken by a new crime drama involving Bitcoin Automated Teller Machines (ATMs). The execs of one of the biggest crypto ATM operators were arrested and charged, bringing back concerns about how…

Hackers breached the computer of an employee working at The Sandbox. The hackers sent emails from the compromised account claiming to be from the metaverse company.  The Sandbox has informed users that hackers gained access to…

ArbiSwap developers minted a trillion ARBI tokens and swapped them for USDC and ETH.ARBI is down 100%.The rogue developers moved the stolen funds through the Etheruem-based mixer Tornado Cash. ArbiSwap, one of the first…

AdArbitrum-based decentralized exchange (DEX) ArbiSwap rugged users on March 2, and as of press time, the ARBI token has lost more than 99% of its value.The token crashed from $1.5 to $0.0000000093 following the rug.The ArbiSwap developers…

Algorand wallet provider MyAlgo has advised its users to withdraw funds after suffering a $9.2 million exploit.MyAlgo is yet to determine the cause of the hack, and Algorand has denied the problem being from their end. …

Oasis received an order from the High Court of England and Wales to retrieve the funds from an address associated with the Wormhole exploit.The DeFi platform retrieved $225 million with the help of a whitehat hacker group.…

A security breach at Edge Wallet has led to over 2,000 crypto private keys of been compromised.Edge reports that not all funds were stolen from all the wallets, and only a total of “low five figures in USD” has been…

U.S. Department of Justice charged four Russian individuals for running a Ponzi scheme through a platform called Forsage.The defendants allegedly used computer code to steal customers’ money.The defendants face up to 20…