Scams

On Thursday, a BNB Chain-based decentralized finance protocol, Ankr, suffered a $5 million exploitation on its network.  Notably, the popular blockchain security firm Peckshield was the first to break the exploitation news. According…

FAIRFIELD — The police department is warning residents of a new scam involving Bitcoin and impersonating officials that has impacted some residents.The department received a call on Nov. 22 from a resident who sent $7,000 in Bitcoin, a…

by Serena Burman Special to the Sounder Last week, without telling my partner Ken, I withdrew thousands of dollars from the checking account we share. I couldn’t say a word because I was under investigation by the U.S.…

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme. The consent order resolves a CFTC action…

Joshua Nichols, the alleged ‘head trader’ for EmpiresX, has been sentenced to 51 months in prison following his guilty plea on September 8th. Nichols and his co-conspirators, who have now fled from Florida to Brazil, created the…

More than $330,000 will be returned to a husband and wife who were victims of an internet phishing scam, according to the Suffolk County District Attorney’s Office. The unidentified couple, who reside in Suffolk County, had …

A new survey conducted by RealCall highlights the risk of pig butchering scams, a mash-up of a long-existing romance scam and a fake crypto investment scheme, which have quickly expanded and caused huge losses.SAN JOSE, CA / ACCESSWIRE /…

Dec. 1—TRAVERSE CITY — An online scam targeting an elderly Honor couple swindled them out of $2,900 before police arrived, Michigan State Police said Wednesday.A manager of a Garfield Township gas station called police when he noticed an…

When a cryptocurrency exchange takes a customer’s money and runs, a state often treats the exchange as a fraudulent seller of securities, like Delaware’s Investor Protection Unit did in a September enforcement action. Occasionally, the…

When the internet was developing rapidly there have been cases of scams and malicious thefts conducted on the traditional internet. Despite being a decentralized entity, LUNA’s collapse was primarily due to the firm not knowing how to steer…