US federal agents from North Carolina have captured over $61 million worth of USDt associated with a large-scale “pig butchering” crypto investment scam that hunted victims via fake online relationships and fraudulent trading platforms. As per the Office of US Attorney for the Eastern District of North Carolina in Raleigh
Security researchers observed attackers mailing fraudulent letters to owners of Trezor and Ledger devices. The mailed letters appear to reference the recipient’s crypto wallet and urge action related to their seed phrase. Attackers designed the letters to look legitimate with custom details inside printed envelopes. Recipients often receive the mail
U.S. federal prosecutors are warning U.S. citizens ahead of Valentine’s Day, which has become the key period for romance-related cryptocurrency frauds, which end with victims losing millions of dollars through cryptocurrency. Authorities say these fraud activities take place through mixing emotions with fake investment online opportunities, commonly known as the
A federal court in the U.S. has sentenced Daren Li to 20 years in prison for his involvement in a global cryptocurrency scam that stole more than $73 million from the victims through fake investment platforms and online deception. Darren is a dual citizen of China and St. Kitts and
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 total value of stolen cryptocurrencies via exploits and scams extended to $370.3 million last month, the biggest monthly figure hit in 11 months and around a fourfold increase from January of last year. CertiK, the biggest Web3 security service provider, stated on January 31 that out of 40 scam
A U.S. Federal court has sentenced Jingliang Su, a Chinese national, to 46 months in prison for laundering $36.9 million, which is connected to a crypto scam that targeted Americans. This scam is called the Pig butchering scam, which is a well-known scam in the U.S. and one of the
MEXC is catching heat again as users report lost funds and premarket trade issues. Analyst Gautamgg posted on X about two big problems in the last 20 days that break the exchange’s own rules. Traders say support gives confusing answers and settlements drag on or fail. One case had a
Citibank has been sued by a victim of a romance scam on federal grounds, alleging that the bank did not take any measures to stop a huge romance scam. Michael Zidell accuses Citibank of overlooking the red flags as it sent close to $4 million in suspicious transfers to the
Altcoin Alpha recently unveiled a multi-million-dollar OTC Telegram crypto scam on a social media platform X. The scam stole more than $50 million involving tokens such as SUI, NEAR, Axelar, SEI, and others. The scam wasn’t noticed for months and targeted prominent names in the industry, such as venture capitalists,
