Crypto Scams

Highlights: California financial regulator DFPI got 2,668 complaints last year and spotted seven new crypto scams. DFPI shut 26 scam sites, exposing $4.6M in losses and rising pig butchering scams. California DOJ also took down 42 scam sites the previous […]

Highlights: Over 1,200 crypto ATMs in the U.S. shut down in early March. The decline follows a senator’s proposal for a bill to prevent scams and safeguard seniors using crypto ATMs. The U.S. leads with 79.9% of global crypto ATMs […]

Highlights: A fake Sam Bankman-Fried account on X falsely claimed Trump pardoned him and launched memecoins. Sam Bankman-Fried returned to X after two years, and the FTT token surged 29% before dropping back to $1.6. SBF appeals his conviction and […]

Highlights: ZachXBT reveals Coinbase users lost millions in social engineering scams.  Scammers use spoofed emails, fake IDs, and private data to deceive Coinbase users.  ZachXBT urges Coinbase to enhance security or face rising losses and declining trust. Blockchain investigator ZachXBT […]

Highlights: Crypto investors forfeited over $9 million through crypto scams in November. The number of stolen digital assets recorded in November represented significant declines from past months. The spiking number of scam victims remained a source of considerable concern. In […]

Highlights: A former Binance executive sued the company for alleged unfair dismissal after she reported bribery concerns. The whistleblower claims that Binance prioritized revenue over ethics in UK operations. Nigerian authorities are accusing Binance of laundering $35.4 million and unlicensed […]

Highlights: US founders are responsible for 43% of global crypto scams in 2024 which is the highest among all nations. Weak regulations and investor trust make the US a major source of crypto fraud and failed projects worldwide. Global cooperation […]

Highlights: ZachXBT accuses Rekt Fencer of using multiple accounts to spread AI-generated content and promote potentially fraudulent meme coins.   Trust and transparency issues in cryptocurrency require investors to conduct thorough research before engaging with new projects.   Allegations against Rekt Fencer […]

Highlights: Hackers hijacked the Supreme Court of India’s YouTube channel to promote an XRP scam. Hackers replaced legal content with fake XRP livestream, urging investments. YouTube suspended the channel, and security concerns for popular accounts rose. On September 20, the […]

Highlights: Binance warns users of a global malware threat altering crypto withdrawal addresses, leading to significant financial losses for users. The exchange has prohibited suspicious addresses and notified affected users to prevent further fraudulent transactions. Users are urged to double-check […]

Highlights: CFTC partners with federal and private agencies to fight pig butchering scams. The new infographic highlights scam tactics and offers protection tips for consumers. The rise in crypto scams costing billions prompts increased multi-agency fraud prevention efforts. According to […]

Highlights: Cryptocurrency fraud surged 45% in 2023, with losses totaling $5.6 billion. Senior victims lost more than $1.6 billion to crypto scams, while younger individuals faced losses totaling $168 million. FBI warns of rising scams involving crypto ATMs and fraudulent […]