The cryptocurrency market is often characterized as an unregulated arena where scammers and unscrupulous individuals flourish, preying on less experienced traders seeking quick profits. It’s essential to remain […]
Crypto Scam Alert: Fake Tokens Rise Again
Despite the rebound of the crypto market, a worrying trend resurfaces: fake tokens designed to deceive investors. Binance, a leading cryptocurrency exchange, warns about this resurgence of scams […]
Telegram Scams Surge as Fraudsters Exploit Chat History
Security concerns have risen with multiple scams targeting users on Telegram, according to reports from Foresight News. SlowMist founder Yu Jian has highlighted three theft incidents today, two […]
Binance Warns Crypto Traders: Fake Tokens On the Rise
Major cryptocurrency exchange Binance has issued a critical alert for crypto traders, highlighting an alarming increase in fake token scams. The warning comes via a recent tweet from […]
Shiba Inu Team Warns of Fake Tokens and Misleading Claims
The Shiba Inu team has issued a critical warning to its dedicated community about the rise of fraudulent activities within the ecosystem. @susbarium, an official SHIB-related account on […]
Crypto Industry Suffers Massive $364 Million Loss to Scams and Hacks in April
April proved a challenging month for the cryptocurrency market as investors suffered significant losses due to scams, hacks, and phishing attacks. A recent report by blockchain security firm […]
Australia Targets Inactive Crypto Exchanges: Combating Scams with Deregistration
Australia’s financial watchdog, AUSTRAC, is taking action against dormant crypto exchanges to curb the risk of scams and illicit activities. The agency has initiated a campaign to remove […]
Ledger Users Targeted by New Scam: Fake Letters Seek Recovery Phrases
A recent scam targeting cryptocurrency users has emerged, with scammers utilizing fake letters bearing the official Ledger logo to steal recovery phrases. These malicious documents falsely claim a […]
Ledger Scam: Fraudsters Use Phishing Letters to Steal Recovery Phrases
New evidence points to a cunning phishing scam targeting Ledger users. Fraudsters are sending fake letters that imitate the official Ledger logo, urging recipients to perform an “important […]
CoinMarketCap Warns Against Token Promotion Scams
CoinMarketCap has issued a safety alert on Twitter, indicating that it hasn’t released any tokens. The platform explicitly warned users about fraudulent information regarding token promotions and urged […]
Hayden Davis: The Persistent Crypto Fraudster Behind Multi-Million Dollar Rug Pulls
Hayden Davis, a notorious cryptocurrency scammer, continues to evade capture while launching new fraudulent memecoins that have inflicted significant losses on investors worldwide. Despite accusations and investigations, Davis […]
FBI’s Operation Level Up Tackles Surge in Crypto Scams
The FBI launched ‘Operation Level Up’ in 2024 to combat the increasing number of cryptocurrency scams across the United States. This operation has successfully prevented $285 million in […]
Crypto Scams Surge 66% in 2024: FBI Report Reveals Steep Losses
The FBI’s Internet Crime Complaint Center (IC3) reports a concerning surge in crypto scams in the US, with losses skyrocketing 66% to $9.3 billion in 2024 alone compared […]
FBI Report Highlights Surge in Cryptocurrency Scams, Reaching Over $9 Billion in Losses
The FBI Report on Cryptocurrency Scams in 2024: Details
FBI: $9.3 Billion Crypto Fraud Hits Americans in 2024
The FBI reported a significant increase in cryptocurrency scams during 2024, with losses surging by 66%. Elderly Americans were particularly affected, losing nearly $3 billion to these fraudulent […]