Scams

Crypto laundering from hacking activities skyrocketed in 2024, with $1.3 billion funneled through illicit methods.On Jan. 13, blockchain security firm Peckshield reported a staggering 280% increase compared to the $342 million recorded in…

India has intensified efforts to curb crypto-related scams by collaborating with tech giants Google and Meta (formerly Facebook), according to the Ministry of Home Affairs’ 2024 annual report.The initiative aims to combat the rising threat…

T3 Financial Crime Unit (T3 FCU) has frozen criminal assets valued at $100 million across five continents.Formed by Tether, TRON, and TRM Labs in August 2024, the group collaborates with law enforcement worldwide to disrupt organized…

Pig butchering scams led to $3.6 billion in crypto losses in 2024, emerging as the most significant fraud scheme of the year, according to a report by web3 security firm Cyvers.The long-term fraud method, where victims are groomed over…

The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers.The Paris Public Prosecutor’s Office, along with regulatory…

Cybersecurity company Kaspersky revealed that malicious actors have devised a new scam involving seed phrases to target unsuspecting crypto users, according to a Dec. 23 blog post.This sophisticated scheme preys on individuals’ curiosity…

The U.S. Securities and Exchange Commission charged three individuals on Dec. 11 with impersonating securities brokers and investment advisers to execute a scheme involving digital assets.The complaint names three Nigerian nationals and…

Ripple, the blockchain firm behind XRP, has cautioned the crypto community about increased scams following the asset’s significant price rally. In a Dec. 2 update on X (formerly Twitter), Ripple reminded users that it will never…

Crypto companies are among the most affected by audio and video deepfake frauds in 2024, with more than half reporting incidents in a recent survey. According to the survey conducted by forensic services firm Regula, 57% of crypto…

Singaporean national Malone Lam has appeared in court in the United States after being charged for allegedly stealing over 4,100 BTC, currently valued at approximately $274 million, from a private investor in Washington, according to local…