Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy
Former Safemoon Chief Technology Officer (CTO) Thomas Smith has pleaded guilty to charges related to a $200 million fraud scheme tied to the controversial...
Rising ‘share-seed-phrase’ scam targets crypto holders, Binance CEO warns
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...
Crypto scammers net over $9B in 2024 as AI supercharges fraud
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...
FBI initiative saves thousands from crypto scams, recovers $285 million
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...
Crypto ransomware revenue drops 35% to $813 million in 2024 amid tougher crackdowns and...
The crypto industry saw ransomware payments decline by 35% in 2024, falling to $813 million from the previous year’s $1.25 billion, according to Chainalysis‘...
Coinbase users reportedly lose over $300M yearly via social engineering scams
On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering scams.Over the past few...
Scammers hijack Visa, Dean Norris social media accounts to promote fake Solana tokens
Over the weekend, hackers targeted the social media accounts of Visa and Hollywood actor Dean Norris to promote fraudulent crypto tokens.The incidents have raised...
Trump family’s memecoin launches spark frenzy of scam tokens
The official President Donald Trump memecoin called TRUMP launched on Jan. 17 and soared to a $72 billion market valuation within just two days.Backed...
Hackers exploit booming crypto market, laundering hits $1.3 billion in 2024
Crypto laundering from hacking activities skyrocketed in 2024, with $1.3 billion funneled through illicit methods.On Jan. 13, blockchain security firm Peckshield reported a staggering...
India partners with tech giants Google, Meta to curb ‘pig butchering’ scams
India has intensified efforts to curb crypto-related scams by collaborating with tech giants Google and Meta (formerly Facebook), according to the Ministry of...
