Scams

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…

The official President Donald Trump memecoin called TRUMP launched on Jan. 17 and soared to a $72 billion market valuation within just two days.Backed by the Trump family, the crypto ignited significant public interest while simultaneously…

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…