Scams
137 articles
T3 Financial Crime Unit Freezes $126,000,000 in USDT on Tron (TRX) Blockchain in Just Four Months
A crypto crime task force formed by Tron (TRX), TRM Labs and Tether has reportedly frozen over $125 million worth of USDT internationally since its August 2024 inception. According to…
Terraform Labs Founder Do Kwon Handed Over to US Authorities Days After Montenegro Approved Extradition: Report
Montenegrin authorities extradited crypto entrepreneur Do Kwon to the United States on Sunday to face fraud charges related to the $40 billion collapse of the Terra ecosystem in 2022. According…
Massive Leak Exposes 5,000,000 Credit and Debt Card Numbers, Along With Customers’ Financial Records and Personal Details: Data Protection Firm
Millions of Americans are now at risk of financial fraud, identity theft and privacy violations after a massive data trove was leaked online, according to a digital security firm. Personal…
$20,000+ Abruptly Drained From Wells Fargo Account, Customer Says Bank Refuses To Reimburse After Promising To Return Funds
A Wells Fargo customer says the bank refuses to reimburse her account after scammers stole her entire life savings. The Virginia resident, who is 80-years-old and identified as Kay, says…
Nearly $1,700,000,000 in Crypto Lost Through Private Keys Theft As Access Control Exploits Becomes Major Threat
New data from cybersecurity firm Hacken reveals that $1.7 billion worth of crypto assets were lost through the theft of private keys in 2024. In its 2024 Web3 Security Report,…
South Korean Government Slaps Sanctions on 15 Individuals Allegedly Involved in North Korea’s Crypto Heists
The South Korean government says it is imposing sanctions on 15 North Koreans who engage in illicit cyber activities to raise funds for their totalitarian state. In a statement, South…
Release Date for Incarcerated Former FTX Exec Ryan Salame Moved Up by a Year
Incarcerated former FTX executive Ryan Salame appears to have already slashed a year off his prison sentence. Data from the U.S. Federal Bureau of Prisons indicates Salame’s release date is…
Animoca Brands Founder’s X Social Media Account Hacked, Used To Promote Fake Solana Ecosystem Token
The co-founder of Animoca Brands, a leading firm in the blockchain gaming space, had their X social media account hacked and used to promote a fake Solana (SOL) token. In…
Hacker Hijacks 15 Accounts on X, Launches Memecoin Scams and Steals $500,000 in One Month: Blockchain Investigator
A pseudonymous on-chain investigator says he’s unraveling a malicious scheme that’s using hacked accounts on the social media platform X to promote a fake memecoin. ZachXBT says the cybercriminal stole…
South Korea Teams Up With US To Combat Crypto Heists and Efforts of North Korean-Linked Hackers: Report
The United States and South Korea are reportedly partnering in a joint research initiative aimed at strengthening protections against the theft of crypto assets. According to a report by the…
Two California Men Charged by Feds in Alleged $22,000,000 NFT Investment Scheme
The U.S. Department of Justice (DOJ) is charging two California men for allegedly masterminding a multimillion-dollar non-fungible token (NFT) investment scam. In a new press release, the DOJ says it’s…
FBI and Other Federal Agencies Identify Hacker Behind $308,000,000 Hack of DMM Crypto Exchange
North Korean hackers stole $308 million in Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed Tuesday. The FBI, Japan’s National Police Agency and the Department…
Bank Executive Allegedly Drains $4,277,227 From Customers’ Accounts in 11-Year Scheme: Report
Federal prosecutors say an employee at Oklahoma-based BOK Financial Securities drained millions of dollars directly from customers’ accounts. William Shane Garrow – who was senior vice president and a private…
Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid
Bitcoin led a crypto market correction early Monday, taking BTC to the $92,762 level and putting it down over 12% over the last seven days. At the tail end of…
Haliey Welch Says She’s Ready To Cooperate and Uncover Truth After HAWK Investors File Lawsuit Against Project
A 22-year-old social media influencer accused of pulling a crypto rug pull scam says she’s ready to cooperate and uncover the truth after a class action lawsuit was filed against…
240,000 Credit Union Customers Exposed As Hackers Access Trove of Sensitive Data: Report
A South Carolina credit union says 240,000 customers have been exposed in an apparent cyberattack. SRP Federal Credit Union, one of the largest in the state with over $1.6 billion…
Records of Nearly 1,000,000 Americans Exposed As Massive Data Breach Reveals Names, Phone Numbers, Medical Conditions, Social Security Numbers and More
A security breach has exposed sensitive personal and health records of nearly a million Americans. The doctor-patient communications platform ConnectOnCall, owned by health tech firm Phreesia, says 914,138 users are…
Over $225,000,000 in Crypto Distributed To Hack Victims of Collapsed Exchange Cryptopia After Years of Waiting
Hundreds of millions of dollars worth of crypto assets are being distributed to hack victims of the defunct crypto exchange Cryptopia. Investors who had accounts with Cryptopia – a New…
8,358 Bank Customers Exposed As Billion-Dollar Lender Reveals Data Breach, Warns Social Security Numbers and Account Details at Risk
A billion-dollar US bank is warning thousands of customers of a major data breach. According to a filing with the Office of the Maine Attorney General, 8,358 customers at Citizens…
JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $870,000,000 To Scammers on Zelle, Forcing Victims To ‘Fend for Themselves’: CFPB Lawsuit
Customers at JPMorgan Chase, Wells Fargo and Bank of America have collectively lost $870 million to scammers on Zelle in the last seven years, according to a powerful US bank…
Crypto Platforms Suffered $2,200,000,000 in Losses From Hacks in 2024 – But There’s a Catch: Chainalysis
Leading blockchain data analysis firm Chainalysis says hackers stole over $2 billion from crypto platforms this year. Even more alarming, according to the Chainalysis report, stolen funds saw more than…
Nigeria Arrests Nearly 800 Over ‘Pig Butchering’ Crypto Scam Targeting North Americans and Europeans
Nigerian authorities arrested nearly 800 individuals who allegedly operated crypto “pig butchering” scams targeting North American and European victims. In a pig butchering scam, bad actors form a relationship with…
Man Posing As Uber Driver Allegedly Steals Over $300,000 in Crypto From Unsuspecting Passengers: Report
Police officers in Scottsdale, Arizona reportedly arrested a fake Uber driver who allegedly stole crypto from his passengers. According to NBC News, the Scottsdale Police Department said that Nuruhussein Hussein…
$15,000,000 Fine Hits US Banking Giant After Employees Allegedly Drain Millions From Wealthy Customers’ Accounts
Morgan Stanley’s wealth management arm will pay a multi million-dollar penalty after allegedly failing to stop four former financial advisors from stealing cash from customer accounts. The U.S. Securities and…