Scams

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…

Coinbase users are again in the spotlight after losing more than $46 million to social engineering scams this month alone, according to blockchain sleuth ZachXBT.On March 28, the on-chain investigator reported on his Telegram channel that…

The following is a guest post by Tim Delhaes, CEO & Co-founder of Grindery.The mood in crypto has shifted.For some, it’s full-blown nihilism—Web3 has become a rigged casino, an insider’s game where those with the right connections print…

Former Safemoon Chief Technology Officer (CTO) Thomas Smith has pleaded guilty to charges related to a $200 million fraud scheme tied to the controversial crypto project.On Feb. 20, investigative YouTuber Stephen Findeisen, known as…

Binance CEO Richard Teng has warned the crypto community about a rising scam called “share-seed-phrase.”In a Feb. 18 post on X, Teng revealed that fraudsters use this deceptive tactic to manipulate victims into transferring funds to wallets…

Malicious actors stole roughly $9.9 billion from the crypto ecosystem last year — the lowest amount since 2021, according to a recent  Chainalysis report.The firm added that the figure is expected to rise to $12.4 billion as more fraudulent…

The FBI’s initiative to counter crypto investment fraud has helped thousands of victims avoid losing millions of dollars since its launch, according to a Feb. 13 press release.Dubbed Operation Level Up, the program proactively identifies…

The crypto industry saw ransomware payments decline by 35% in 2024, falling to $813 million from the previous year’s $1.25 billion, according to Chainalysis‘ 2025 Crypto Crime Report.According to the firm, this marks the most significant…

On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering scams.Over the past few months, numerous users have taken to social media to report sudden…

Over the weekend, hackers targeted the social media accounts of Visa and Hollywood actor Dean Norris to promote fraudulent crypto tokens.The incidents have raised concerns about the increasing use of compromised high-profile accounts to…