FBI cybercrime report reveals crypto investment fraud in the US rose 53% YoY

The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report, revealing a significant rise in crypto-related investment fraud, The 2023 IC3 report serves as a comprehensive overview of the current state of internet crime, including the challenges and risks posed by the use of crypto in fraudulent activities. Crypto investment fraud The FBI’s… Continue reading FBI cybercrime report reveals crypto investment fraud in the US rose 53% YoY

Discord Scammers Lure Users to Fake Exchange With Promise of Free Bitcoin

The scammers may be trying to collect a database of crypto users for sale on the dark web, said Kaspersky.

Crypto is booming — here are 5 ways to make sure you don’t get scammed

Crypto is booming. Since its creation in 2008, cryptocurrencies, other crypto assets, and blockchain technology have disrupted the way we think about money and decentralized systems. There’s been growing widespread adoption of the technologies, more investments poured into crypto projects, and increasing legitimization of the industry. Big companies have been incorporating crypto into their portfolios,… Continue reading Crypto is booming — here are 5 ways to make sure you don’t get scammed

FBI arrests 24-year-old crypto trader for commodities and wire fraud

The trader was both lying to investors and using an unregistered derivatives strategy on BitMEX.

Substack Newsletters Are Being Used to Spread Crypto Scams

Substack is being leveraged by scammers for its ease of use and reach.

Rapper HiiiKey confirms YouTube channel hack, fake crypto giveaway steals $70K

An American rapper’s YouTube channel has reportedly been hacked to promote a fake ETH and BTC giveaway live stream that seems to have over 56,000 viewers.

Alleged ‘kingpin’ of a 25M rupee Indian crypto scam arrested at Delhi airport

The man is said to have convinced people to invest in a 2017 scheme promising monthly returns of over 20%.

Roundup of crypto hacks, exploits and heists in 2020

2020 has been the year of DeFi, but not all has gone smoothly with the fledgling financial ecosystem.

Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K

Russian crypto exchange Livecoin claims that it has suffered a “carefully planned attack,” but some in the community suspect an exit scam.

Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers

An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being inexplicably transferred to some cryptocurrency traders.” In addition to Kothari’s arrest, the ED conducted… Continue reading Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers