Xinbi Guarantee is an online cryptocurrency platform that was involved in large-scale scam operations throughout Southeast Asia, and this has become the target of US government efforts. The Department of Justice imposed a restraint order for over $52 million worth of cryptocurrencies belonging to Xinbi and its vendor networks. This
Rafiqool Alam, aged 25, has been arrested by the Gujarat Police in Assam through a three-day sting operation and was found to be involved in 1,090 cybercrime cases. The total estimated damage from these cases is more than ₹1,071 crores. Fraudsters allegedly trapped individuals from various Indian states in a
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
