Scams

The US Federal Bureau of Investigation (FBI) has reported a significant spike in cybercrime activity, with total losses across the country reaching $16.6 billion in 2024, according to its latest annual report.This figure stems from more…

Aikido Security disclosed a vulnerability in the XRP Ledger’s (XRPL) official JavaScript SDK, revealing that multiple compromised versions of the XRPL Node Package Manager (NPM) package were published to the registry starting April 21. The…

Phishing scams targeting crypto users have become more advanced, with attackers abusing Google’s infrastructure to conduct highly convincing attacks.On April 16, Nick Johnson, the founder and lead developer of Ethereum Name Service (ENS),…

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…