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,
An Australian financial adviser has been accused of stealing $9.6 million from clients to invest in a crypto scam, resulting in a ten-year ban. On June 11, the Australian Securities and Investments Commission informed about the scam through a statement mentioning that the accused, Glenda Maree Rogan, had shifted funds
An anonymous blockchain investigator, ZachXBT, has identified a suspicious transfer including 3,520 Bitcoin, whose value is estimated at around $330.7 million, signaling a major threat. The transaction was carried out on April 28, shifting the funds from a potential victim’s wallet to another address bc1qcry…vz55g. After this transfer, the funds
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
It was Karma’s revenge in the crypto space as the hacker who stole 2,930 ETH worth about $9.6 million from zkLend has lost it all to a phishing scam. The attacker, attempting to launder the funds through Tornado Cash, later ended up sending everything to a fake version of Tornado
As the cryptocurrency market is expanding and presents new financial prospects, it is tragically also a tool utilized in plenty of scams and frauds. Scams are nothing new; they are always the same kind of deception which individuals come across, but in different forms. Because scammers are often changing their
It is just the second month of 2025 and the crypto universe witnessed another massive hack. Decentralized money lending protocol zkLend was hacked and lost over $4.9 million in assets. On February 12, blockchain security firm Cyvers revealed in their X post that ZkLend was exploited on the Starknet network
WazirX Announces Recovery Plan, a WazirX scam? WazirX has announced a recovery plan for users affected by the $230 million hack that hit the exchange in July 2024. Under this plan, victims will receive 85.25% of their portfolio value as recorded on July 18, with the first round of distributions
Another day, another vulnerability was exploited in cryptocurrency. BNB Chain’s Four.Meme launch platform has faced a major security breach. The attackers targeted the growing liquidity in meme tokens and swiped $183k worth of assets. Four.meme is a memecoin launch platform based on the BNB chain. It was launched in July
