The Attorney General of Arizona, Kris Mayes, issued a statewide warning on January 2, alerting natives that crypto ATM fraud has become an increasing threat after Arizonans lost more than $177 million to these schemes in 2024. At the same time, her office rolled out a new fraud complaint form,
The incorporation of artificial intelligence in cryptocurrency scams increased significantly in 2025 by a staggering 500% relative to the previous period, based on the TRM Labs 2026 crypto crime report. Scammers used large language models and generative tools to intensify the outreach, develop believable personas, and perform scam operations across
Another day, another scam in the crypto planet. Hackers have carried out an elaborate cryptocurrency scam via hacked YouTube channels to advertise malicious trading bots. Cybersecurity researchers have reported that the scheme has stolen more than 256 Ethereum tokens, worth about $939,000. Scammers Use Aged YouTube Accounts to Build Credibility
The U.S. Treasury just hit Funnull Technology Inc.—a Philippines-based tech company—with sanctions for allegedly helping run a massive crypto scam that affected victims out of roughly $200 million. The move comes as U.S. authorities crack down harder on how crypto tools are being used to fuel organized online fraud. How
Festo Ivaibi, the founder of a pivotal educational hub for Africans, Mitroplus Labs, has become a crypto figure to lost his capital to criminal gangs and has been abducted. The gang demanded a capital worth $500,000 with access to the crypto wallet of the founder. They posed as Ugandan security
Cryptocurrency has emerged as one of the most disruptive technologies of the 21st century. With blockchain providing decentralization, transparency, and security, a tidal wave of retail investors have entered the crypto space, looking to catch the next bull cycle or discover the next high profile token. But not all that
The Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) released its annual report on April 23. The report mainly focused on complaints and frauds in the crypto sector and losses that occurred due to it in 2024. As per the report, over 140,000 complaints were registered in 2024, estimating
Kaspersky firm identified a malware in SourceForge that is stealing cryptocurrency from users’ wallet addresses. It alerted the crypto community today, stating that the malware is present as Microsoft’s plugin. The incident reminds crypto users to employ security practices while transferring cryptocurrencies. Kaspersky is a seasoned cybersecurity firm that keeps
Scam Took Investors’ Money A South Korean court has sentenced three people to prison for crypto scam investors out of 610 million won (about $460,000). They tricked people by promising big profits from cryptocurrency investments. According to Chosun Ilbo, the Busan District Court, led by Judge Kim Yong-gyun, announced the
As the week inches to an end, the crypto market prices have once again retreated to consolidation. Similar to previous days, regulatory advancements are failing to translate into cryptocurrency prices, causing frustration. Meanwhile, new tokens have continued to crop up, drawing attention from the community. Notably, in January this year,
