Scams

A major fraud trial involving crypto and diamond investments has opened in France, bringing over 20 defendants to court on charges of defrauding 1,300 individuals and several top-tier football clubs. According to local media, the…

Delhi Police have seized over 100,000 USDT in digital assets and arrested several individuals involved in a sophisticated fraud operation, per The Hindu. The suspects were running a fraudulent entity named “M/s Goldcoat Solar,” falsely…

Malicious actors stole more than $750 million in various crypto-related hacks and scams during the third quarter, pushing total losses for the year to over $1.9 billion, according to CertiK’s quarterly Hack3d security report.The losses…

Fast food chain McDonald’s’ Instagram profile promoted a scam memecoin deployed on Solana (SOL) after being compromised. The token — called GRIMACE — hit a $25 million market capitalization within two hours of its launch before it was…

Binance, the largest crypto exchange by trading volume, announced that it had prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024, according to an Aug. 20 statement shared with…

Rugging, a term for deceptive and fraudulent crypto practices, is rampant in some areas of the crypto industry, with some individuals, like the self-proclaimed meme coin rugger “Phantom,” exploiting vulnerabilities to generate significant…

The US Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd., its founders, and several people who promoted the firm for orchestrating a fraudulent scheme that victimized over 200,000 investors worldwide.The…

A crypto whale who lost $24 million worth of liquid staked Ethereum via a phishing scam last year is receiving the money back.Blockchain security firm Scam Sniffer reported that the attacker had returned more than $10 million of the stolen…

Crypto ATMs, designed to facilitate converting cash to cryptocurrencies, are increasingly being exploited by scammers, according to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami…

Fast-rising blockchain platform The Open Network (TON) is under increasing threat from phishing attacks, according to Yu Xian, the founder of blockchain security firm SlowMist.Xian highlighted the growing prevalence of phishing links and…