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
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.
Cyprus police have issued a warning amid an increase in SMS fraud schemes aimed at cryptocurrency investors. Authorities have noted that scammers are impersonating Binance, a major crypto exchange, to trick users into revealing sensitive login details. The Scam Details The fake text messages notify an “unauthorized login attempt from
The launch of Hawk Tuah (HAWK), a Solana-based memecoin created by viral influencer Haliey Welch, saw a meteoric rise but suffered a dramatic crash within hours. After debuting with a market capitalisation of nearly $490 million on December 4, HAWK’s value plummeted over 91%, leaving many investors reeling from significant
Curve Finance is a well-known decentralized exchange (DEX) for stablecoins, earning significant trust within the crypto community. A deceptive app mimicking Curve Finance has made its way onto the Apple App Store, quickly climbing into the top 100 finance apps. Despite clear user warnings, this imitation app, “Curve defi v3,”
Crypto scammers struck again during Apple’s highly anticipated iPhone 16 launch, using a deep fake of Apple CEO Tim Cook to deceive viewers. The fraudulent livestreams appeared on YouTube, promising fake cryptocurrency giveaways under the guise of official Apple promotions. The scam involved altered videos of Cook, who appeared to
US-based ETF giant BlackRock recently announced that there has been a notable rise in scammers targeting its ETF investors. The asset management firm has issued several ETP products including a spot Bitcoin ETF and a spot Ethereum ETF, launched in 2024. Notably, the asset management firm announced in its X
QuillMonitor, a web3 dashboard powered by QuillAudits, recently unveiled its findings, shedding light on the magnitude of the losses incurred due to various hacks and vulnerabilities during the October month. With a total of $30,311,862 in losses, it’s clear that October 2023 witnessed its fair share of web3 attacks and
In March, a wallet address 0x59d7…D69 connected with Uranium Finance exploit started moving 2,250 ETH, worth approximately $3.35 million, in stolen funds into the popular crypto mixer, TornadoCash. #CertiKSkynetAlert 🚨 We are seeing a movement of funds to @TornadoCash from address 0x59d7 which is connected to the ~$50m Uranium Finance
