Crypto Scam

Highlights: a16z’s X account was briefly hacked on June 19 to promote a fake Solana token. Fraudulent posts tricked users with false token launches and giveaways. The firm recovered the account quickly and confirmed no involvement in the scam. a16z […]

Highlights: Glenda Rogan misled clients in a $14.8M crypto scam disguised as a fixed-interest investment. ASIC banned Rogan from financial services for ten years starting June 6, 2025. Client funds were moved into crypto wallets linked to a banned UK-based […]

Highlights: AI deepfakes made up almost 40% of the total losses from crypto fraud in 2024. 87 deepfake scam rings were dismantled across Asia in Q1 2025. Ponzi scams now use synthetic media and gamified DeFi dashboards. Bitget’s 2025 Anti-Scam […]

Highlights: Matrix Chain collected nearly $394 million from more than 138,000 accounts. Authorities have arrested five suspects after a 200-day police investigation. 40% of funds went to recruiters; the rest funded marketing and real estate. Five individuals involved in the […]

Highlights: The crypto laundering ring funneled HK$118M via 550 shell accounts 12 suspects linked to cross-border laundering were arrested in Hong Kong Local exchange shops were used by the syndicate to convert the scam funds. An operation by the police […]

Highlights: A person from Wellington was arrested for involvement in a $265 million cryptocurrency scam. The stolen funds were laundered and used for $9M in high-end cars and luxury goods. In April 2025 alone, reports of crypto thefts increased by […]

Highlights: Eugene Austin Jr. led a $12M crypto scam scheme with his son, targeting 24+ victims. They offered fake investment opportunities and spent the money on luxury. The court ordered $12.6M in restitution and seized a Jaguar SUV. A cryptocurrency […]

Highlights: OKX halts its Web3 DEX aggregator following financial crime allegations. The exchange said the move will prevent further compromise via new upgrades. The trading platform announced it rolled out two new features for detecting hacks on its platform. Seychelles-based […]

Highlights: Thomas John Sfraga embezzled over $2 million from investors through fake real estate and cryptocurrency projects. His lies credited to Seinfeld’s fictional company where Sfraga used the name “Vandelay Contracting” to defraud his victims. The court sentenced him to […]

Highlights: India’s ED seized nearly $190 million in crypto and assets linked to BitConnect crypto fraud. The ED traced illicit funds through dark web transactions, wallets, and IP analysis.  Kumbhani and associates allegedly amassed crypto illegally, violating financial regulations. Indian […]

Highlights: Ye exposed a $2 million offer to promote a fraudulent crypto scheme on X. The scheme followed past celebrity hacks, raising concerns about social media scams. Crypto analysts debate Ye’s motives, with some calling him a “master marketer.” On […]

Highlights: A deepfake video falsely shows Elon Musk promoting a $20M crypto giveaway. The scam video directs viewers to a fraudulent website, Elon4u.com. Scammers use deepfake technology to create realistic videos, exploiting Elon Musk’s image. A new deepfake video of […]