Crypto Scams

Big hand passing down an envelope from the clouds.
Regulations
Buy Crypto, Be Saved? Pastor Investigated for $1.3M Scheme

Prosperity pastor in the crosshairs of Colorado financial authorities after selling $1.3M in ‘worthless crypto’ to faithful.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Reddit user gets laughed at by a community.
Altcoins
Memecoin Scammer Seeks Tax Tips, Gets Roasted Instead

Delusional memecoin scammer gets more than he bargains for when asking Reddit for tax advice on ill-gotten gains.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Man being scammed by an evil employer.
Crypto Market News
Beware of Crypto Job Scams Targeting Blockchain Developers

Unveiling a sophisticated crypto job scam: Learn how Solidity developers are lured into elaborate traps by fake job ads.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
A Discord logo faced hacker working on his laptop.
Solana (SOL)
Wallets Drainers Plague Solana to Siphon Over $4M in 30 Days

Scammers and hackers look to capitalize on Solana’s recent success, particularly targeting its memecoin scene.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Michael Saylor staring at a crypto chart stressed.
Bitcoin (BTC)
Michael Saylor Sounds the Alarm on Bitcoin Scam Epidemic

Deepfakes infiltrate crypto as Michael Saylor and Brad Garlinghouse face off against AI-driven scams, exposing the vulnerability within.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Bots flooding Twitter.
Crypto Market News
Why Twitter’s Crypto Scam Spam Is a Problematic Failure

Twitter users report a surge in crypto scam ads on the platform, proving Musk’s anti-bot strategy ineffective.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Kim Jong Un and his gang celebrating their hacking efforts.
Regulations
Here’s How North Korean Crypto Hackers Stole $600M in 2023

The illicitly acquired funds were laundered through crypto mixers, OTC brokers, and other advanced techniques.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Gready man from MEXC exchange takes all the casino chips. House wins.
Exchanges
MEXC Faces Increasing Scam Claims of Forced Liquidation

More users report unexplained account restrictions leading to heightened calls that MEXC is scamming its customers.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Hacker in a nest hacking.
Altcoins
Nest Wallet CEO Loses $125,000 to LFG Token Phishing Attack

CEO Bill Lou lost thousands of dollars while claiming what he thought was a legitimate LFG token airdrop.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Two hackers getting coins transfered to them.
Crypto Market News
324,000 Crypto Investors Fell Prey to Phishing Scams in 2023

The phishing activities were cunningly devised through various methods, including SIM swaps, fraudulent airdrops and fake Google ads.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Singapore Prime Minister Lee Hsien Loong not impressed with the fake crypto promos of him.
Regulations
Singapore PM Reacts to Viral Deepfake Crypto Videos

Singapore Prime Minister has responded to deepfake videos of him endorsing crypto scams with a warning.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Joker sitting next to toilet flushing coins down.
Crypto Market News
$2 Billion Lost to Crypto Scams and Cyberattacks in 2023

Hackers employed a medley of techniques this year, including rug pulls, blockchain exploits, flash loan attacks, and more.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
KyberSwap hacker showing thumbs up through the screen.
Crypto Market News
How Scammers Exploited Google and Twitter Ads to Siphon $58M

Scammers successfully bypassed Google and Twitter review processes for over 9 months to promote their wallet drainer scripts.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Fake Brad Garlinghouse telling people to send their XRPs to him through an old TV set.
Ripple (XRP)
Fake AI Ripple CEO Ad Targets XRP Holders on YouTube

The deceptive ad is promoting a fraudulent 100m XRP giveaway, asking investors to engage by sending up to 500,000 tokens.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Charles Hoskinson looking at a huge colourful hand grabbing money appearing from a yellow warning sign.
Cardano (ADA)
AI Deepfakes: Hoskinson Warns of Impending Threat

Charles Hoskinson warns that AI deepfake scams will soon become highly convincing.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Hackers waiting on a better offer.
Crypto Market News
Kronos Research Issues Ultimatum to Reclaim Stolen $26M 

The market maker offered the hacker a 10% white hat bounty for 90% of the stolen assets.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Ms Julia Leung Chief Executive Officer (CEO) of the Securities and Futures Commission (SFC) smiling in the foreground, whilst angry people threatening her in the background.
Regulations
SFC Under Fire for Inadequate Response to Hounax Scandal

Hong Kong's SFC is criticized for not doing enough to protect investors from crypto scams.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Hacker looking glamourous on black Friday sale.
Crypto Market News
Beware of Crypto Scams Preying on Black Friday Shoppers

Black Friday brings a surge in crypto scams, targeting unsuspecting online shoppers with deceptive tactics.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Cryptoqueen Ruja Ignatova has a new inmate in her cell.
Regulations
Cryptoqueen Ruja Ignatova’s Chief Counsel Pleads Guilty

Another accomplice of Cryptoqueen Ruja Ignatova in OneCoin crypto scam has pled guilty to multiple federal counts.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Mysterious detective man out to look for traces of code.
Press Releases
Broker Complaint Alert (BCA) Marks 3 Years of Successful Crypto Scam Recovery, Bringing Hope to Victims Worldwide

BCA marks 3 years aiding victims reclaim funds from crypto scams, reflecting a 94% success rate and over 12,350 recoveries,
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
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