Key Insights Scammers impersonate Coinbase support, targeting wealthy crypto executives using leaked databases and earning five-figure sums weekly through phishing attacks. Phishing schemes use fake notifications and spoofed emails to steal crypto,…
Category: Scam
Heather Morgan Sentenced to 18 Months for Role in $4 Billion Bitcoin Laundering Scheme
Key Insights: Heather Morgan and Ilya Lichtenstein laundered Bitcoin stolen in the 2016 Bitfinex hack, one of crypto’s largest thefts. U.S. courts sentence Morgan and Lichtenstein for laundering $4B, stressing the need…
Justin Bons Accuses Tether of Massive Fraud and Lack of Transparency
Key Insights: Justin Bons warns Tether’s lack of audits may pose risks to the entire crypto market. Tether faces scrutiny over missing audits, possible mismanagement, and alleged criminal associations, says Justin Bons….
Crypto Exchange Halts Withdrawals for Elderly to Prevent Scams
Key Insights: Independent Reserve monitors elderly users’ transactions, contacting them directly to prevent potential crypto scams. Crypto scams target all age groups, with younger users also at high risk, especially in the…
Hot Crypto Stories on X – Celebrities Launch Multiple Meme Coins
It looks like we are back in the days when celebrities capitalized on their huge following to launch digital tokens. Over the past seven days, several well-known individuals have announced their entry…
Meet the Crypto Influencer Who Claims He Deployed Caitlyn Jenner’s Solana-based Meme Coin
Caitlyn Jenner, an Olympic gold medal winner, seems to have rolled out a meme coin via the pump.fun platform. The news broke Monday afternoon, causing massive excitement among crypto fanatics on X,…
SEC Charges HyperVerse’s $1.7 billion ‘Ponzi’ Masterminds
A newly filed SEC complaint shows that at one point, the supposed ‘Ponzi’ scheme engaged an actor living in Thailand to act as the chief executive officer when it was unveiled in…
Estonian Government to Extradite HashFlare Masterminds
The Estonian government announced that it satisfied the conditions stipulated by the Court for extradition of the masterminds behind the HashFlare Ponzi scheme. Estonian pair Ivan Turogin and Sergei Potapenko are due…
Chainalysis Report: Revenue From Crypto Crime Declined by 54% in 2023
Chainalysis’ Latest Report The amount of cryptocurrency stolen by scammers in 2023 dropped significantly compared to the previous year, according to a recent report released by Chainalysis. The blockchain analytics company revealed…
Ex-IcomTech Chief to Serve Five-Year Sentence for Wire Fraud
Judge Jennifer Rochon instructed Marco Ochoa to surrender $914,000 and present himself to authorities by March 19. Marco Ochoa, the ex-chief executive officer of IcomTech, a crypto mining company, has gotten a…
Blockchain Security Firms Warn of Crypto Exploits Using More Persuasive AI Scams in 2024
Blockchain security firms alerted crypto investors to mind sophisticated phishing scams that exploiters could deploy in 2024. Security experts from various firms warn that crypto thieves will likely deploy more persuasive scams…