Scams
137 articles
Six US Banks Issue Urgent Debit Card Alerts, Forcing Mandatory Replacements for Many, After Third-Party Security Breach
Six US banks are reporting potential security breaches of debit cards, with several forcing affected customers to get replacements. In new filings with the Massachusetts state government, Mainstreet Bank, Savers…
Crypto YouTuber Among Those Arrested for Allegedly Running $231,000,000 Fraud in Korea: Report
South Korean authorities have reportedly arrested 215 individuals who are allegedly behind a cryptocurrency investment scam that defrauded thousands of victims. Yonhap News reports that the suspected perpetrators, including a…
Man Set Up and Extorted of $500,000 Worth of USDT by Criminals in Hotel Room: Report
A Ukrainian man reportedly lost $500,000 worth of USDT after being set up for a robbery in a Thailand hotel room. The Bangkok Post reports that Viacheslav Leibov, 23, told…
Founder of Security Firm SlowMist Warns Against Copy-and-Pasting Sensitive Crypto Information
The founder of the blockchain security firm SlowMist is urging crypto traders to be wary of copy-and-pasting sensitive information. The founder, who goes by the pseudonym Evilcos, tells his 81,300…
Wells Fargo Refuses To Reimburse Customer After $15,000 Drained From Account in Sophisticated Scam: Report
An Omaha grandmother is fighting for reimbursement from Wells Fargo after her savings were drained by someone claiming to work at the bank. Arlene Gibbs says she received worrying text…
Crypto Firm CEO Kidnapped in Toronto, Held for Ransom and Then Freed After $1,000,000 Payment: Report
The chief executive of a crypto firm was reportedly kidnapped in Toronto and only freed after a $1 million ransom was paid. According to a new report by the Canadian…
Mysterious Mastercard Data Breach Triggers Bank Warning As Customers Urged To ‘Pay Close Attention’ To Money Movements
A US bank is warning customers of a security “intrusion” that may have compromised Mastercard account numbers and other financial data. Maryland-based Eagle Bank says it has received a notice…
Mysterious Mastercard Merchant Data Breach Triggers Bank Warning As Customers Urged To ‘Pay Close Attention’ To Money Movements
A US bank is warning customers of a security “intrusion” that may have compromised Mastercard account numbers and other financial data. Maryland-based Eagle Bank says it has received a notice…
Former FTX Executive Caroline Ellison Set To Begin Two-Year Prison Sentence for Role in FTX Fiasco
Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that…
Bitfinex Breach Launderer Heather Morgan Says She Was ‘In Complete Shock’ When Husband Told Her About Hack
Heather Morgan says she was “in complete shock” when she discovered her husband, Ilya Lichtenstein, had hacked the crypto exchange Bitfinex back in 2016. In 2022, Lichtenstein and Morgan –…
Police Syndicate Accused of Extorting 10,000,000 USDT From Man Using Fake Search Warrant: Report
Thai law enforcement has reportedly arrested seven police officers and one civilian accused of staging a false domestic search that involved the attempted extortion of 10 million USDT from a…
Trillion-Dollar Banks Sound Alarm As Sophisticated New Fraud Technique Bypasses Security Measures: Report
Banking giants and government regulators are reportedly raising the alarm over a new kind of fraud designed to slip through traditional security measures. Santander, HSBC, TSB Bank, the U.S. Federal…
U.S. Justice Department Indicts Russian National Over Alleged Crypto Market Manipulation and Fraud
The U.S. Department of Justice (DOJ) is charging the founder and CEO of crypto firm Gotbit with wire fraud and conspiracy to commit market manipulation and wire fraud. In a…
$18,883 Drained From Wells Fargo Account, Bank Says Reimbursement Not Happening, Customer Says She’s Leaving
A Wells Fargo customer says she’s done with the bank after an impostor posing as the lender drained $18,883 from her account. Colorado resident Melanie Sponselee says she received an…
Crypto Enthusiasts Targeted in Multi-Vector Malware Attack Disguised As Python-Based Trading Tool: Report
Malware disguised as a Python-based trading bot has reportedly targeted crypto traders in a multi-vector supply chain attack. According to a new blog post by cloud-based cybersecurity firm Checkmarx, crypto…
Citibank Employee Transfers $166,000 To Himself After Gaining Unauthorized Access to 79-Year-Old Dementia Patient’s Account: Manhattan District Attorney
A former personal banker at Citibank has admitted to stealing a huge pile of cash from an elderly customer. According to the office of the Manhattan District Attorney, 35-year-old Juan…
JPMorgan Chase Suing Customer Who Allegedly Pulled $290,939 From Bank Using Illegal ATM ‘Glitch’: Report
JPMorgan Chase is now taking legal action against customers who extracted money from the bank’s ATMs using an illicit banking “glitch.” The bank is suing people who allegedly pulled thousands…
Police Seize $225,000 From 70-Year-Old Man Despite No Crime Committed, Triggering Years-Long Lawsuit: Report
A Mississippi trucker is reportedly fighting to get his life savings back after police seized it during a traffic stop. In September of 2020, Rae Young Chung was in his…
92,554 Users Exposed As Crypto Payments Firm Reveals Attacker Accessed Names, Birth Dates, Passports, Drivers Licenses and More
A US-based crypto payments firm says tens of thousands of users are exposed after a hacker gained access to an employee’s laptop. The fiat-to-crypto payment provider Transak says the security…
Federal Prosecutors To Propose Plea Deal to Man Who Allegedly Cracked SEC’s X Account in January: Report
Federal prosecutors reportedly plan to propose a plea deal to the man who allegedly hacked the U.S. Securities and Exchange Commission’s (SEC) social media platform X account earlier this year.…
Hacker Who Looted $20,000,000 From a US Government Address Returns the Vast Majority of Stolen Funds: Arkham
The hacker who looted nearly $22 million worth of crypto from a US government wallet this week appears to have returned the vast majority of the funds, according to the…
JPMorgan Chase, Wells Fargo and Bank of America Refuse To Define ‘Unauthorized Transaction’ As Customers Lose $320,000,000 To Scams on Zelle: Report
JPMorgan Chase, Bank of America and Wells Fargo are among six US banks that have not defined what an unauthorized transaction is, despite the term’s critical role in determining whether…
2,500,000,000 Gmail Users Targeted in Viral AI Hack That Tricks Users Into Accepting ‘Security Alert’: Report
A sophisticated new artificial intelligence (AI)-powered scam is targeting billions of users on the world’s largest email service. Microsoft security expert Sam Mitrovic writes in a new blog post about…
JPMorgan Chase, Citi Lose $939,399 As Insiders Steal Cash, Sell Customers’ Sensitive Data: US Bank Regulator
A US regulator is accusing three bank employees of triggering nearly $1 million in losses at JPMorgan Chase and Citi. The Office of the Comptroller of the Currency (OCC) says…