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,
The United States District Court for the Western District of Virginia has issued a public alert in response to a surge of jury duty scams. The criminals are presenting themselves as court officials and are threatening people into making payments. In the form of Bitcoin, gift cards, or bank transfers
Cryptocurrency hacks have been far from reducing over the past months. Following a short dormancy during the end of 2024, the sector witnessed the huge Bybit hack in February. This hack occurred on February 22 and experienced a loss of $1.4 billion worth of funds. Particular investigators alleged that the
While the cryptocurrency market still hasn’t recovered, market activity has not been dormant. The crypto regulatory landscape has been spurring new developments and members have stayed active discussing speculations of the recent crash. One of the activities in the past week was former footballer Ronaldinho’s token launch. This new memecoin
