Latest News and Articles about Crypto Scam
South Korean Man Jailed 3 Years for $2M Crypto Scam: A Ponzi Scheme Unveiled
South Korean Man Sentenced to Prison for $2 Million Crypto Scam – **Person A sentenced to three years in prison** – **$2.04 million defrauded through crypto scam** – **Scam operated from December 2021 to August 2023** The Scam Unveiled Losing over $2 million to a crypto scam promising guaranteed returns is a nightmare that became […]
Read MoreMaryland Woman Falls Victim to $3M Crypto Pig Butchering Scam: FBI Warns of Rising Fraud
Maryland Woman Loses $3 Million in Crypto Pig Butchering Scam: FBI Warns of Rising Fraud A Maryland woman fell victim to a sophisticated “pig butchering” scam, losing a staggering $3 million. This case serves as a stark reminder of the dark side of the cryptocurrency world, where the promise of high returns can quickly turn […]
Read MoreFake TradingView App Scam: Hackers Steal Crypto via Reddit Malware
Crypto Scam Alert: Fake TradingView App Steals Funds from Traders Imagine logging into your crypto wallet, expecting to see a healthy balance, only to find it completely drained. This nightmare scenario has become a reality for victims of a sophisticated scam targeting cryptocurrency traders on Reddit. Hackers are distributing malware disguised as free versions of […]
Read MoreLoudoun County Seizes $1.4M in Crypto from Pig Butchering Scam
Loudoun County Police Seize $1.4 Million in Crypto from Pig Butchering Scam In a digital heist straight out of a movie, Loudoun County police have seized a staggering $1.4 million in cryptocurrency from a cunning ‘pig butchering’ scam. A ‘pig butchering scam’ is a type of fraud where scammers build trust with victims before tricking […]
Read MoreFormer Bank CEO’s $47M Crypto Scam Devastates Kansas Town: A Cautionary Tale
Kansas Town Devastated by $47.1 Million Crypto Scam Led by Former Bank CEO In Elkhart, Kansas, a $47.1 million cryptocurrency scam led by former Heartland Tri-State Bank (HTSB) CEO Shan Hanes has left a trail of financial devastation. Hanes, caught in a pig butchering scheme—a type of fraud where scammers build trust with victims before […]
Read MoreIndian Businessman Loses $221k in Sophisticated Crypto Scam Starting on Facebook
Indian Businessman Falls Victim to Sophisticated Crypto Scam, Loses $221k An Indian businessman from Ahmedabad lost Rs. 1.92 crore ($221k) to a sophisticated cryptocurrency scam that started with a seemingly innocuous friend request on Facebook. The scammer, posing as a woman, introduced the businessman to a fraudulent investment platform, promising high returns. Initially, small profits […]
Read MoreNorway Charges Four in $80M Crypto Ponzi Scheme: A Wake-Up Call for Investors
Norway Indicts Four Men in $80 Million Crypto Scam, Promising the Moon but Delivering Hot Air Four men charged in Norway for $80 million Ponzi scheme Global multi-level marketing network used to deceive victims Crypto and fake investments used to lure victims Funds laundered to top networkers and backers Norway’s economic crime authority, Økokrim, has […]
Read MoreDean Norris’s X Account Hacked Again: $8M DEAN Meme Coin Scam Exposed
Breaking Bad Actor Dean Norris X Account Used for $8M Meme Coin Scam Actor Dean Norris, famous for his role as Hank Schrader in “Breaking Bad,” has fallen victim to a cyber scam once again, with his X account being hijacked to promote a fraudulent meme coin called DEAN. The token briefly soared to a […]
Read MoreDean Norris’s X Account Hacked for DEAN Token Scam: Celebrity Meme Coin Dangers
Dean Norris Falls Victim to Meme Coin Scam: A Cautionary Tale in Crypto Dean Norris, the actor best known for his role as Hank Schrader on “Breaking Bad,” had his X account hijacked to promote a fraudulent cryptocurrency named DEAN. The scammers cleverly used a Cameo video of Norris to make the scam seem legitimate, […]
Read MoreBiggest Crypto Rug Pulls of 2024: DIO, Froggy, Hawk Tuah, Sharpei, GUNIT Analyzed
Unpacking the Biggest Crypto Rug Pulls of 2024: Lessons from a Tumultuous Year Ever wondered how to spot a crypto scam before it’s too late? In 2024, the crypto world faced a series of devastating rug pulls, scams where developers abandon projects and abscond with investors’ funds. Understanding these incidents is crucial for anyone navigating […]
Read MoreHong Kong High Court Uses Tokenized Notices in $2.6M Crypto Scam Case
Hong Kong High Court Innovates with Tokenized Notices in $2.6M Crypto Scam In a groundbreaking move, the Hong Kong High Court has employed blockchain technology to combat a $2.6 million crypto scam, marking a significant step in legal innovation. By serving an injunction via a tokenized legal notice, the court has set a precedent in […]
Read MoreK-pop CEO Faces Allegations in Nestree Crypto Scam: Investors Misled
K-pop’s Cube Entertainment CEO Accused of Misleading Investors in Crypto Scam Kang Seung-gon, the CEO of Cube Entertainment, faces serious allegations of misleading investors in a cryptocurrency scam involving the digital token “Nestree.” This situation has not only shaken the K-pop industry but also highlighted the risks of traditional companies venturing into the volatile world […]
Read MoreOntario Man Loses $188,000 in Crypto Scam: A Stark Warning of Crypto Fraud Risks
Ontario Man Falls Victim to $188,000 Crypto Scam: A Sobering Reminder of the Crypto Underworld An Ontario man’s $188,000 loss to a crypto scam and a pastor’s multi-million-dollar fraud expose the darker side of the cryptocurrency world. These incidents underscore the urgent need for vigilance in the crypto space. Ontario man loses $188,000 to scammer […]
Read MoreDutch “Crypto Genius” Arrested for $4.6M Scam: A Cautionary Tale
24-Year-Old Dutch “Crypto Genius” Arrested for Alleged $4.6 Million Scam A 24-year-old Dutch man, previously hailed as a “crypto genius,” has been arrested for allegedly defrauding 300 investors out of millions. This law student and professional soccer player from Hengelo, Netherlands, lost between €1.5 million and €4.5 million ($1.6 million to $4.6 million) through risky […]
Read MoreCalifornia Resident Sues 6 Major Banks for $1M Crypto Scam: KYC and AML Failures Alleged
California Resident Sues Major Banks Over $1 Million Crypto Scam: Alleges KYC and AML Failures A California resident, identified as ‘L.H.’, has filed a lawsuit against six major banks—Bank of America, Capital One, Citibank, JPMorgan Chase, US Bank, and Wells Fargo—over a $1 million “pig butchering” crypto scam. L.H. alleges that the banks’ failure to […]
Read MoreKaspersky Uncovers Crypto Scam: Fake Seed Phrases Trap Thieves
Kaspersky Exposes New Crypto Scam: Scammers Bait Thieves with Fake Seed Phrases Cybersecurity firm Kaspersky has uncovered a sophisticated scam where scammers use fake seed phrases to lure thieves into a trap, exploiting multi-signature wallets and transaction fees to steal from would-be criminals. Scammers post seed phrases in YouTube comments Multi-signature wallets and transaction fee […]
Read MoreKaspersky Uncovers Crypto Scam Where Cybercriminals Dupe Fellow Thieves with Fake Seed Phrases
Kaspersky Unveils a New Breed of Crypto Scam Targeting Thieves In a world where even crooks can’t trust each other, Kaspersky has exposed a cunning scam targeting digital thieves. Cybercriminals are now sharing fake crypto wallet seed phrases—essentially the master keys to access digital wallets—to lure victims into sending their digital currency, only to pilfer […]
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