Scams
137 articles
JPMorgan Chase Accused of Refusing To Reimburse Customers, Failing To Terminate Scammer’s Accounts Amid Federal Probe: Report
A federal investigation into banking giant JPMorgan Chase is targeting how the bank handles and protects potential victims of fraud, according to a new report. The Consumer Financial Protection Bureau…
Wells Fargo Customers’ Bank Account and Social Security Numbers Exposed, Used for Fraud in Mysterious Data Breach
A data breach at Wells Fargo is affecting an unknown number of the banking giant’s customers. A new filing with the Office of the Vermont Attorney General shows the lender…
Decentralized Web3 Project Onyx Hacked for $3,800,000 Worth of Crypto: PeckShield
Decentralized liquidity protocol Onyx has suffered a security breach that siphoned millions worth of crypto assets from the platform. Blockchain security firm PeckShield says the perpetrators made off with over $3.8 million…
DOJ Seizes Illicit Crypto Exchanges in Charging of Two Russians With $1,000,000,000 Money Laundering Operation
The U.S. Department of Justice (DOJ) has teamed up with other federal and international law enforcement agencies to charge two Russian nationals with multiple cybercrimes, including running illegal crypto exchanges.…
100,000,000 Americans Exposed in Massive Data Breach – Revealing Names, Locations, Dates of Birth, IP Addresses, Phone Numbers and More: Report
Nearly one-third of the US population has had their sensitive personal data exposed in a massive new breach, according to security researchers. The background check company MC2 Data has left…
Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Implosion: Report
The former CEO of FTX sister company Alameda Research reportedly received a sentence of two years in prison on Tuesday. Caroline Ellison, one of disgraced FTX founder Sam Bankman-Fried’s top…
Alleged $243,000,000 Bitcoin Hackers Accidentally Incriminate Themselves in Leaked Screenshare: Investigator
The accused hackers behind a nearly $250 million Bitcoin (BTC) exploit reportedly shot themselves in the foot in a new leaked recording. Days ago, the U.S. Attorney’s Office for the…
Two California Men Arrested by Feds for Allegedly Stealing $250,000,000 in Bitcoin From Washington D.C. Victim
FBI agents just arrested two men accused of carrying out a heist that saw one victim lose about a quarter of a billion dollars worth of Bitcoin (BTC). The U.S.…
US Judge Orders Convicted Fraudster To Pay $36,000,000 in Connection to Crypto and Forex Schemes
A US judge this week ordered a convicted fraudster to pay a $5 million civil penalty and $31 million in restitution related to a massive crypto and forex scheme he…
Singapore-Based Crypto Exchange BingX Suffers $52,000,000 Hack: Blockchain Security Firm
New data from prominent blockchain security firm Cyvers reveals that a Singapore-based crypto exchange lost $52 million after being hacked. In a new post, Cyvers says that BingX’s hot wallet…
JPMorgan Chase Allows 35 Strangers To Access Customer’s Credit Card in Financial ‘Fiasco’: Report
A JPMorgan Chase customer is looking for answers after the bank abruptly allowed 35 unauthorized users to access her credit card. Northern California-based Jodi Hayes says she discovered a long…
Late Night Television Legend David Letterman Struck From Trial Selection in Crypto Fraud Trial: Report
One of the biggest names in late-night television has reportedly been booted from jury selection in an upcoming New York crypto trial. According to an ABC report, David Letterman, identified…
Hacker Commandeers X Account of Virtual Reality Crypto Project Decentraland, Promotes Fake Airdrop
Crypto gaming project Decentraland (MANA) has suffered a security breach, according to blockchain security firm PeckShield. PeckShield says hackers took control of Decentraland’s social media account on X and promoted…
Binance Issues Statement, Denies Involvement in $230,000,000 Hack of Crypto Exchange WazirX
The world’s leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently compromised the WazirX trading platform. In a statement released today, Binance said that it…
Florida Man Hit With 47 Years in Prison for Break-and-Enter Crypto Scheme As 12 Defendants Sentenced: DOJ
A 25-year-old man from Florida has received a 47-year prison sentence after being convicted of running a crypto-stealing scheme that also included kidnapping and assault. In a new press release,…
Scammers Using AI to Clone Voices, Drain Bank Accounts As Deloitte Forecasts $30,000,000,000 in AI Losses by 2027
Artificial intelligence is fueling billions of dollars in losses to scams as criminals clone people’s voices to compromise credit cards and bank accounts. The classic scam where victims receive a…
JPMorgan Chase ‘Knowingly Assisted’ $119,000,000 Ponzi Scheme, New Lawsuit Alleges
Banking giant JPMorgan Chase is accused of knowingly enabling an alleged Ponzi scheme targeting retail investors. Plaintiff David Stapleton alleges the bank boosted an obvious fraudulent scheme orchestrated by Sanjeev…
Fake $100 Bills Spew From US Bank’s ATM As Customers Receive Paper Marked For ‘Motion Picture Purposes’: Report
Customers at a billion-dollar bank say they’re shocked after a worthless trip to the ATM. More than a dozen people received counterfeit $100 bills marked “for motion picture purposes” and…
US Judge Accuses Former FTX Executive Ryan Salame of Providing False Testimony During His Guilty Plea: Report
A US judge has reportedly accused embattled former FTX executive Ryan Salame of providing false testimony during his guilty plea last year. District Judge Lewis A. Kaplan indicated in court…
FTX’s Caroline Ellison To Be Sentenced This Month for Role in Collapse of Crypto Exchange: Court Documents
New court documents reveal that former FTX executive Caroline Ellison is set to be sentenced later this month for her role in the multi-billion-dollar downfall of the crypto exchange in…
FBI Says Scams Targeting Crypto Users Skyrocketing in Severity and Complexity After $5,600,000,000 Lost in 2023
The U.S. Federal Bureau of Investigation (FBI) is detailing the rising scale and complexity of cryptocurrency fraud schemes. In its newly released Cryptocurrency Fraud Report for 2023, the FBI says…
Crypto Exchange Hacked After 150 Suspicious Transactions Drain Over $22,000,000 From Reserves: SlowMist
Blockchain security firm SlowMist is reporting that an Indonesian crypto exchange was hacked for over $22 million in digital assets. SlowMist says that crypto exchange Indodax saw its hot wallets…
New Android Malware Posing As Legitimate App Emerging, Stealing Seed Phrases of Crypto Users: Cybersecurity Firm
Crypto wallet owners in Korea should be wary of a new type of mobile malware designed to steal seed phrases, warns the cybersecurity firm McAfee. A seed phrase is a…
JPMorgan Chase Allegedly Allows $205,542 Withdrawal After Bank of America Warns Cash Is Stolen, Belongs To Customer
JPMorgan Chase is accused of allowing hundreds of thousands of dollars to exit a scammer’s account after the bank was warned of fraudulent activity. A new lawsuit from Massachusetts-based Baystate Health…