crypto scam News

According to Scam Sniffer, a MakerDAO governance delegate has lost $11 million in aEthMKR and Pendle USDe tokens after falling victim to a phishing scam.

Ledger took to X to reveal how crypto users are targeted by a scam known as "address poisoning."

Blockchain security analysts are urging crypto exchanges to scrutinize deposits closely as malicious actors escalate efforts to flood them with fake tokens on the TON network. Bad actors appear to be intensifying attempts to exploit crypto exchange deposit systems. Scammers…

With Donald Trump’s recent endorsement of crypto, a wave of fraudsters has targeted his loyal supporters.  These scammers, using fake crypto websites and misleading donation centers, are exploiting the loyal trust and interest of Trump’s base. Trump recently announced that…

Binance co-founder Yi He warned the crypto community of scammers impersonating her account and launching phishing campaigns. 

The United States has started a forfeiture complaint to seize nearly $200,000 worth of USDT held on Binance linked to a $1.1 million pig-butchering scam. The funds in question are linked to two pig-butchering scams that defrauded an anonymous victim…

AI’s early integration into crypto presents opportunities for efficiency, as well as scams. Per an Elliptic report, AI is helping scammers speed up and increase their cyclical crypto scams. We’ve all heard of AI by now, and its many use…

Hong Kong has issued a warning about an unregulated crypto exchange named “Kucoin,” which reportedly demands payments to recover money from frozen accounts. The Hong Kong Monetary Authority (HKMA) has alerted the public to an allegedly fraudulent activity conducted via…

Trust Wallet has issued a warning about scam apps listed on Xiaomi and Amazon stores, urging users to download the application only from verified sources. Binance-backed cryptocurrency wallet Trust Wallet has alerted its users about potential scam versions of its…

ZachXBT, a popular blockchain investigator, accused Floyd Mayweather of being connected to several token scams. Mayweather has a history of involvement in token scams, from lawsuits to court settlements. Zackxbt called out the former boxing world champion on X for…

David Kagel has pled guilty to conspiring to operate a crypto Ponzi scheme that defrauded victims of more than $9.5 million. Disbarred 85-year old former attorney Kagel confessed to participating in a fraudulent crypto Ponzi scheme in which he and…

Starting May 30, U.K. digital bank Kroo will prohibit its customers from conducting cryptocurrency transactions.  Kroo, a London-based digital bank, has announced that it will no longer allow its customers to conduct crypto transactions. This decision is in response to…

South Korean authorities have arrested 19 members of a fraudulent social media chat group that scammed 308 investors out of nearly $19 million.  Those arrested had operated an open chat room and scammed hundreds of investors out of $18.8 million…

Investors have been buying Mog Coin (MOG) despite the major security flaws in its underlying smart contract code. According to a ChatGPT security audit, the owner of the MOG smart contract used the “Ownable” function in the meme coin’s code.…

Stablecoin issuer Tether froze around 5.2 million USDT on addresses believed to be operated by phishing scammers. 

Coinbase’s Base chain appears to be a target for scammers, with two of the top 10 largest single thefts occurring on the network, accounting for over 20% of the month’s total theft. Although crypto hacks saw a decrease in April…