Scams News

Investors in the cryptocurrency Ponzi scheme OneCoin may finally get some relief through a Department of Justice program, some 12 years after the project launched.

Elastic Security Labs says a multi-step social engineering scam is aimed at those in crypto and finance, using a community plugin feature on a note-taking app to spread malicious device-controlling software.

A Fake Ledger Live app on Apple’s store is tied to $9.5 million in crypto thefts, as ZachXBT links over 50 victims’ funds to a KuCoin-linked mixer and questions Apple’s liability.

A Hyperbridge exploit let an attacker mint 1 billion bridged Polkadot tokens on Ethereum and cash out about $237,000, reviving debate over bridge security.

A spoofed CoinDCX site sparked a 7.16 million rupee fraud case, triggering arrests before a court ruled the exchange was impersonated

The North Korean IT workers coordinated crypto payments through a server using a shared, easy-to-guess password “123456.”

The Financial Services Commission said inconsistent exemption rules created loopholes that allowed funds to move quickly with minimal account history.

According to the bureau, a large number of minors aged 17 and younger were included in complaints related to crypto or crypto ATMs, resulting in more than $5 million in losses.

Operation Atlantic is a cross-border law enforcement effort to detect and disrupt crypto scams in real time, targeting approval phishing before funds are fully drained.

A darknet threat actor is selling new fraud kit to trick KYC identity verification systems on financial platforms via AI-generated deepfakes and real-time voice altering.

The draft bill, yet to be signed into law by the king, marked a significant policy change for Cambodia officials in addressing scam centers.

January saw the largest attack against a DeFi protocol of the quarter, the $40 million private key compromise of portfolio management platform Step Finance.

An executive said the social media platform could lock accounts mentioning crypto for the first time and require verification after a scammer faked reports of a tortoise's death.

Huione Group helped launder funds from Southeast Asian scam networks behind “pig butchering” schemes and other crypto scams.

Haverhill City Council, following other jurisdictions, is set to consider an ordinance banning crypto ATMs viewed as enabling financial fraud and money laundering.