Tags: Crypto Scams

Cryptocurrency fraud losses soared by 66% in 2024, totaling $9.3 billion, and a significant portion of complaints were from older individuals.

SEC accuses Ramil Palafox of defrauding investors in PGI Global’s $198 million Ponzi scheme, and has demanded civil penalties and restitution.

The lawsuit claims Meteora’s M3M3 launch wasn’t fair, alleging insiders scooped up 95% of tokens before public trading even began.

The platform faces Ponzi scheme accusations as users report frozen accounts and a 6.4% withdrawal approval rate.

After ignoring zkLend’s 10% white hat bounty offer, the hacker now claims their entire stolen stash was drained by scammers.

In the new scam, attackers are mimicking official Binance communication to trick victims into transferring funds to fake wallets.

A Cyvers study reveals that Pig Butchering scams now target younger victims, with those aged 30-49 making up most cases.

Solana’s defenders highlight its tech and innovation, arguing meme coin chaos doesn’t define the chain’s potential or progress

Blockchain data proves LIBRA was rigged, but creator Hayden Davis says critics are “jealous” of missing out.

Sergei Potapenko and Ivan Turõgin’s $577M crypto scam included fake mining contracts and a nonexistent bank, leading to their guilty pleas.

Fraudsters are exploiting AI tools for authorized push payment (APP) fraud, tricking victims into authorizing payments under false pretenses.

Coinbase has reportedly suffered undisclosed security breaches according to ZachXBT who exposed the exchange’s leadership’s failure to manage evolving threats.

Hernandez, who pleaded guilty to conspiracy to commit wire fraud, deceived investors into believing Forcount was a legitimate crypto firm.

Chainalysis reported that pump-and-dump schemes and dormant tokens are major issues in the DEX ecosystem.

Hackers exploited Dean Norris’ X account for a crypto scam, photoshopping images and using Cameo clips to fuel credibility.

The attackers compromised Nasdaq’s account, linked it to a fake affiliate, and duped investors into buying a phony meme coin.

An FBI sting revealed CLS Global’s wash trading scheme; the firm has been fined $428K and barred from offering services to U.S. investors.

Huione Guarantee, now “Haowang Guarantee,” facilitates $24 billion in transactions.

Traditional phishing is stable, but Telegram scams have surged, exploiting fake bots and groups to spread malware.

Chainalysis found that fraudsters capitalized on AI for sextortion and KYC bypasses in 2024.

Scammers exploited SoSoValue’s funding news to promote a fake token and phishing links to a site disguised as a sale portal for its products.