Scams

The US Treasury Department imposed sanctions on Funnull Technology Inc., a Philippines-based tech firm accused of facilitating hundreds of thousands of online crypto investment scams known as “pig butchering,” which defrauded American…

A crypto trader lost over $2.5 million worth of Tether (USDT) after falling for the same scam twice within hours.On May 26, blockchain security firm Scam Sniffer reported that the first error occurred when the trader copied a manipulated…

Dubai-based Indian memecoin creator, Sahil Arora, called memecoin rug pull schemes the most lucrative opportunity in an interview with the New York Post. According to the May 17 article, Arora, who boasts of earning millions of dollars from…

Eric Council Jr. was sentenced to 14 months’ imprisonment for his role in the Jan. 9, 2024, hack of the U.S. Securities and Exchange Commission’s (SEC’s) X account. The convicted, along with co-conspirators, posted false news of the SEC…

Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident.In a May 15 post on social media, Wang revealed how attackers impersonate…

Blockchain investigator ZachXBT revealed that Coinbase users lost another $45 million over the past week due to coordinated social engineering scams. The update, shared on his Telegram channel, identifies multiple wallet addresses connected…

The US Federal Bureau of Investigation (FBI) has reported a significant spike in cybercrime activity, with total losses across the country reaching $16.6 billion in 2024, according to its latest annual report.This figure stems from more…

Aikido Security disclosed a vulnerability in the XRP Ledger’s (XRPL) official JavaScript SDK, revealing that multiple compromised versions of the XRPL Node Package Manager (NPM) package were published to the registry starting April 21. The…

Phishing scams targeting crypto users have become more advanced, with attackers abusing Google’s infrastructure to conduct highly convincing attacks.On April 16, Nick Johnson, the founder and lead developer of Ethereum Name Service (ENS),…

Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme.Early reports from local media outlets placed total investor losses at ₦1.3 trillion (approximately $800…