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Scams
Pakistan to investigate crypto exchange Binance in an alleged $100 million scam
Pakistan’s Federal Investigation Agency has reportedly issued a formal notice to Binance after receiving multiple reports concerning a crypto scam that misled the investors into sending funds from their Binance wallets to unknown…
Crypto Crime Surges to All-Time High in 2021, but Plummets in Terms of This Metric, Says Chainalysis
Crypto-related crime levels skyrocketed to an all-time high in 2021 – but that statistic doesn’t paint a complete picture, according to Chainalysis.
In a new report, the analytics firm notes that illicit addresses received $14…
Crypto community shows lack of empathy for victims of MetaMask token scam
Up to 400 people fell victim to a scam involving the yet-to-be-released MetaMask token, resulting in the loss of hundreds of Ethereum. An exact figure is not known at this time, but estimates range from $1 million to $1.8 million.The…
Here’s What the US Government Does With Its Secret Stash of Bitcoin: Report
Authorities are revealing what the US government does with all the Bitcoin (BTC) and other crypto assets they seize from bad actors.
In new interviews with CNBC, US officials say that most of the cryptocurrencies they seize are…
US Authorities To Return Over $150,000,000 in Embezzled Bitcoin Back to Tech Conglomerate Sony
The U.S. Department of Justice (DOJ) is cracking down on criminals who seek to use cryptocurrency as a means of hiding their illicit gains.
In a new press release, the U.S. Attorney’s Office of Southern California announced that it…
$7,700,000,000 Worth of Crypto Taken From Victims Through Scams in 2021: Chainalysis
Scammers have conned more than $7.7 billion worth of digital assets from investors in 2021, partly due to the emergence of a new kind of grift in the crypto world, according to Chainalysis.
The analytics firm notes in a new Crypto…
Rug pulls pushed this year’s crypto scam revenue over $7.7 billion, Chainalysis finds
Scams again emerged as the dominant form of cryptocurrency-based crime by transaction volume, a preview of Chainalysis’ Crypto Crime Report revealed.This year’s crypto scam revenue topped $7.7 billion, up 81% compared to 2020, according to…
Global Crypto Exchange Loses $150,000,000 Worth of Digital Assets in Massive Security Breach,…
The founder and chief executive of BitMart is revealing that the global crypto exchange suffered a massive breach in security that enabled hackers to steal hundreds of millions of dollars worth of digital assets.
Sheldon Xia…
Tech Giant Google Issues Crypto Warning, Says Cyber Hackers Undermining Cloud Platforms To Mine…
Tech industry titan Google is warning users that bad actors are illicitly using cloud computing servers to mine crypto.
A new report by Google’s Cybersecurity Action Team finds that badly-constructed cloud instances are being…
Shiba Inu Team Issues Warning to SHIB Holders As Scams Proliferate Across Social Channels
The creators of popular crypto asset Shiba Inu (SHIB) are issuing a warning to investors that scams involving the dog-themed meme coin are rapidly spreading across social media.
The Shiba Inu team tells its 2.1 million Twitter…
