SecondFi opened up on the security incident which resulted in the loss of approximately 16.1 million of ADA. TAttackers stole approximately 16.1 million ADA, worth around $2.6 million, from 374 wallets between June 21 and June 23. SecondFi conducted an independent forensic investigation while continuing with their recovery operations and
British fraudsters Anthony Ikenwe, Kevin Nwamma, and Hamza Bashir breached the blockchain security measures using human vulnerability. According to The National News, criminals impersonated the identity of police officers to scam eight victims of over £4 million in crypto. Through cold-calling of their victims, these fraudsters convinced them about an
BonkDAO revealed that attackers managed to steal roughly $20 million in BONK through exploitation of the malicious governance proposal. This event happened at the project’s treasury on the Solana blockchain. According to BonkDAO, the malicious proposal allowed some entity to withdraw funds from the treasury without the consent of the
Another 500 Bitcoins were recovered by the Irish authorities as part of the investigation. This was an international criminal group engaged in drug trafficking where cryptocurrency proceeds were used. The recovery was announced in a Facebook statement and in an X post by the Criminal Assets Bureau (CAB) on July
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
