Crypto exchange MEXC reveals a significant increase in trading fraud during Q1 2025, with activity centered primarily in India, Indonesia, and the Commonwealth of Independent States (CIS). The […]
FBI Launches New Effort to Tackle Cryptocurrency Scams, Protect Investors
The FBI has taken action against a crypto investment scam linked to FUNNULL, aiming to safeguard investors from fraudulent schemes. The operation focuses on ‘pig butchering,’ where scammers […]
MEXC Exchange Reports 200% Surge in Fraudulent Activity in Q1
Crypto exchange MEXC has flagged a significant increase in fraudulent trading activity between January and March 2025, revealing a staggering 200% quarter-over-quarter spike. The company reported identifying over […]
Crypto Scam South Korea: Key Figure Extradited, Over $236 Million Stolen
South Korean authorities have apprehended a key figure in a massive cryptocurrency scam that left over 15,000 investors out of pocket. The ringleader was extradited from abroad after […]
Court Halts $57.6 Million in USDC Tied to Troubled LIBRA Token
A federal court has frozen approximately $57.6 million in USDC associated with the collapsed LIBRA meme coin. The order, issued by the Southern District of New York on […]
Massive Crypto Heist: Vietnamese Woman Arrested Over $300 Million Scheme
A dramatic development in the world of cryptocurrency has resulted in the arrest of a Vietnamese national in Thailand. This high-profile case revolves around allegations of a massive […]
Coinbase Brings Down $20 Million Crypto Fraud Case: How Their Brand Led to the Arrest of Scammers
A cunning crypto scam, orchestrated by Chirag Tomar, resulted in a significant loss for victims exceeding $240,000. The mastermind targeted Coinbase users, creating fake websites to steal login […]
Vietnamese Police Crack $394M Matrix Chain Crypto Scam
Authorities in Vietnam have dismantled a large-scale cryptocurrency fraud operation, arresting five suspects accused of defrauding over 138,000 investors out of nearly $394 million. The scam, orchestrated by […]
Google Search Results Show Fraudulent HyperLend Ads
Google search results have been flagged for displaying fraudulent HyperLend advertisements, according to Foresight News and Scam Sniffer’s analysis. This raises concerns for users as these ads could […]
Microsoft’s Builder.ai Under Investigation for Inflated Sales
The US federal government is scrutinizing UK-based AI startup Builder.ai, a company backed by Microsoft and once valued at over $1 billion. The investigation revolves around potential fraudulent […]
DeFi Exploit Gets Judge’s Nod: Trader Avraham Eisenberg’s Fraud Conviction Overturned
Avraham Eisenberg, the trader behind the $110 million exploit of DeFi platform Mango Markets in 2022, has seen his fraud convictions overturned by a U.S. judge who cited […]
Victim Loses $843,000 Due to Fraudulent Transaction Address Copying
A recent case of cryptocurrency fraud has left a victim financially devastated after unknowingly sending their funds to scammers. According to data from Scam Sniffer, a victim lost […]
SEC Charges Unicoin Executives in $100M Fraud Case
The Securities and Exchange Commission (SEC) has filed a lawsuit against Unicoin, Inc., alleging that the company’s executives deceived investors with false promises about the backing of their […]
Police Search For Woman Accused of $185K Bank Fraud
Authorities in Louisiana are seeking Tashiuntay Miles, accused of depositing $185,000 in fraudulent checks into her account at a local bank. The alleged fraud has not impacted cryptocurrency […]
SEC Sues Unicoin Executives Over $100 Million Crypto Sales Misrepresentation
The U.S. Securities and Exchange Commission (SEC) has filed charges against Unicoin, Inc., along with three of its executives in New York City for allegedly defrauding investors of […]