Cryptocurrency Scam

The Justice Department filed its largest-ever forfeiture suit on Tuesday to seize more than $14 billion in Bitcoin (CRYPTO: BTC) tied to a global "pig butchering scam." DOJ Files To Seize Illegal BTC Proceeds The indictment charged Cambodian-based business tycoon Chen Zhi of running a transnational...

North Korean cybercriminals are utilizing counterfeit job offers to infiltrate the cryptocurrency sector and pilfer digital cash, according to a report published Thursday. Beware Your Next Job Offer! The problem has evolved to the point where job seekers are now regularly scrutinizing recruiters...

Veteran investor Ross Gerber revealed on Sunday that his X account was hacked by “sophisticated” cryptocurrency scammers to promote a coin linked to automotive giant Tesla. What Happened: Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, thanked the X team...

A deepfake video featuring Tesla and SpaceX CEO Elon Musk promoting a cryptocurrency scam has been circulating on the video streaming platform Youtube, eliciting surprise from the public and the man himself. What Happened: On Sunday, an X user named DogeDesigner published a clip from the deepfake...

Canadian dating apps and websites have become the new playground for cryptocurrency scammers, as authorities urged citizens to exercise caution when engaging in conversations about cryptocurrency investments with online matches. What Happened: The Canadian Anti-Fraud Centre and the Canadian...

An insider trader turned 0.34 Ethereum (CRYPTO: ETH), worth $878, into around $550,000 within the first eight hours after the launch of a memecoin called FERRET. What Happened: Lookonchain data revealed the insider trader purchased 80 million FERRET tokens using 0.34 ETH worth $...

Over 130 Hong Kong citizens have fallen prey to a sophisticated cryptocurrency fraud, losing a staggering HK$120 million (US$15.4 million). The victims expressed frustration, stating that the Securities and Futures Commission's (SFC) identification of the involved platform, Hounax, as...

As the Israel-Hamas conflict continues, cybercriminals are exploiting the tragedy to dupe unsuspecting donors with cryptocurrency scams. According to a BleepingComputer report, numerous posts on social platforms like X (formerly Twitter), Telegram, and Instagram have shown scammers posing...

With the crypto market seeing a rise in fraudulent schemes that promise guaranteed earnings and then fail to deliver, investors would do well to watch out for the signs of a scam project before investing their money. To protect themselves from these scams, investors need to...

The official Twitter account of Robinhood Markets Inc. (NASDAQ: HOOD) was compromised by hackers on Wednesday who used it to promote a fraudulent cryptocurrency project. The hackers announced the launch of a new token called $RBH, claiming it was available for purchase on the Binance Smart...

Among the most tweeted about topics by Elon Musk is cryptocurrency. Could the recent announcement that the world’s richest person took a stake in Twitter Inc (NYSE: TWTR) lead to a crack down on cryptocurrency giveaway scams? What Happened: The Tesla Inc (NASDAQ: TSLA) CEO is now the...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk is on a tweet-spree promoting Dogecoin (DOGE) and scammers are seeing an opportunity to make some quick bucks. What Happened: A sophisticated giveaway scam in the name of Elon Musk was spotted across social media platforms, including those of Twitter Inc. (...