The United Kingdom has recently sanctioned Xinbi, which is a marketplace for various cryptocurrencies. Authorities have associated the marketplace with various scam activities in Southeast Asia. The country has taken action against the marketplace for facilitating fraud networks. It was through transactions involving stolen data, money laundering, and scam services.
ZachXBT has shown that there has been a coordinated attack on crypto users across the globe using narratives around the war between Iran. He has shown that there are phishing attacks that are using breaking news to conduct crypto scams. The attackers are using breaking news to conduct crypto scams.
India’s Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co‑founder and Chief Technology Officer of Darwin Labs Private Limited, in connection with the alleged GainBitcoin cryptocurrency fraud, officials said on Wednesday. The alleged scam is now estimated to be worth at least ₹20,000 crore and is believed to involve
The federal prosecutors of the United States have filed a civil forfeiture action to recoup around 3.44 million USDt associated with a claimed online crypto investment scam that targeted victims across various states. As per the March 10 announcement from the US Attorney’s Office in Boston, the funds were associated
Trust Wallet has rolled out a new security feature to safeguard users from a common type of crypto scam known as address poisoning. The feature will be accessible on Trust Wallet for mobile over 32 EVM chains, with extra chains planned. As per the publication, the new Trust Address Poisoning
Blockchain intelligence firm TRM Labs warns that crypto‑enabled fraud and illicit flows increased in 2025, with an estimated $35 billion in crypto moving into scam schemes globally and over $100 million tied to fraud affecting just New Yorkers According to the 2026 TRM labs reports released on March 4, these mentioned figures probably understate
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
