A major crypto scandal has erupted in Argentina. Around $99 million worth of cryptocurrency was withdrawn from the liquidity pool of the Libra token ($LIBRA), raising concerns about insider involvement. Blockchain analytics firms Chainalysis and Nansen traced the withdrawals to wallets linked to the token’s creator. Chainalysis reported that eight
Crypto scammers and fraudsters always find new ways to exploit crypto investors and trading platforms. And, social media platforms are becoming like hubs for these scams. A recent report by Merkle Science found that social platforms X and YouTube are the top places where most of the crypto scams took
Popular artist Kanye West known for his super active presence on X special platform disclosed a possible crypto scam earlier today. Based on one of his posts, Kanye is trying to get in touch with Coinbase CEO Brian Armstrong, regarding crypto. By saying ‘No’ to a crypto scam offer, Kanye
Crypto Consortium T3 assisted Spanish authorities in freezing $26.4 million linked to a crime syndicate involved in money laundering operations. The investigators tracked down the blockchain addresses linked to international crime networks. According to officials, the syndicate operated in multiple European jurisdictions and provided cash-to-crypto laundering services to various Illicit
Co-CEO of VT and co-CEO of Cube Entertainment, Kang Seung-gon was suspected to be involved in a crypto scam. He was alleged of using Cube Entertainment for inflating a cryptocurrency called “Nestree”. While Kang denied all the accusations, victims are considering taking legal action against him. As per the local
The community has been contending with the recent price dip after holding out hopes for the 2025 bull run, just the previous day. However, as we exercise our usual optimism the altcoin sector is struggling to prevent price plummets. Meanwhile, the industry has remained quite active, with Ripple leaders meeting
The United Nations Office on Drugs and Crime (UNODC) has urged Southeast Asian countries to take strong measures against unlicensed virtual asset service providers (VASPs) in a new report. According to a 142-page page released on October 8, the involvement of some VASPs in facilitating illegal transactions for cybercrime groups
China’s efforts to clamp down on cryptocurrency-related crimes and enforce stricter regulations have taken a significant step forward. Zhang Moumou, the central figure in a vast crypto pyramid scheme, has been extradited to China from Thailand after an intense international search. This breakthrough marks the first time China has successfully
Crypto exchange Binance announces its ways to address the misuse actions by account holders. It stated that some of the platform’s features are exploited by users to gain unfair advantages including better fee rates and extending API limits. To prevent such actions, the exchange plans to reward individuals for reporting
Multiple rug pull scams occurred over the past few months in the crypto market. Amidst celebrity memecoin shillings and the launch of numerous new tokens, the scams have also shown a surge. Relatively, Doraemon themed token, DORAE originated in the market on Wednesday with signs of rug-pull within 24-hours of
