Scams

An Arizona man posing as an Uber driver allegedly stole over $300,000 in cryptocurrency from unsuspecting passengers, according to a report on Thursday. What Happened: The accused, Nuruhussein Hussein, pretended to be an Uber driver and picked up people waiting at a Scottsdale hotel, FOX 10...

Nearly $20 million in cryptocurrencies has been reportedly drained out of U.S. government-linked wallets holding funds seized from the Bitfinex cryptocurrency exchange hack. What Happened: About $14 million in the Aave USDC (AUSDC) stablecoin, $5.4 million in USD Coin (CRYPTO: USDC), $1.1 million...

Hackers have managed to steal $580,000 with the promotion of fake airdrops by accessing the wallets of cryptocurrency users through phishing emails. What Happened: Rug pull survivor turned detective ZachXBT posted a "Community Alert" regarding phishing emails ...

Blockchain security firm Blockfence recently uncovered an intricate scam method that has defrauded over 42,000 victims of more than $32 million since April 2023. What Happened: Blockfence head of security research Pablo Sabbatella detailed in a Jan. 18 report how scammers successfully evaded...

Want to keep financial transactions hidden from law enforcement? The U.S. Secret Service has some analog advice: "Use cash." The agency, along with a California criminal task force, dished on how they solve crypto crimes in a lengthy "Ask Me Anything" session on Reddit, giving...

The U.S. Secret Service's San Francisco Field Office will hold an "ask me anything" session on Reddit at 11 a.m. Pacific Time, according to a post on r/cryptocurrency. It's not clear why the service wants to hold the AMA now, but the announcement frames the event as being about...

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...

LinkedIn, a popular employment-focused social media platform, is witnessing a high number of recruitment scams in the wake of the remote working trend and widespread layoffs across the tech sector.  What Happened: Jobseekers using LinkedIn are being taken advantage of by scammers luring them...

Original publication: August 5, 2020 Phishing emails could be described as the pestilent occurrence of the modern workforce. As we ditched the typewriter for the computer, and faxes for emails, one unexpected (yet always prevalent) consequence, was spam. According to Verizon’s 2019 Data...

Some wines are so fine that they are considered investable, similar to stocks and bonds. Investors never open the bottle to taste. Instead, the rare quality stuff is simply kept and carefully stored while the price goes up. As an alternative investment designed to diversify, highly prized wine can...

Australia’s richest man is suing Meta Platforms Inc (NASDAQ: FB), the operator of Facebook, alleging the latter violated anti-money laundering laws and that social network is used to scam Australians. What Happened: Andrew Forrest filed a criminal complaint against the Mark Zuckerberg-led...

Bitcoin.org, a leading informational website on the apex cryptocurrency Bitcoin (CRYPTO: BTC), has been hacked yet again What Happened: Visitors to the website were displayed a pop-up asking them to send money to a BTC wallet, which as per the message would be doubled and sent back, Benzinga...

The United States Securities and Exchange Commission (SEC) decided to sue the most infamous scam of the cryptocurrency space — three years later. What Happened: According to a recent SEC announcement, the regulator filed an action against BitConnect, its founder Satish Kumbhani, its...

Investors have lost millions in crypto giveaway scams by Elon Musk impersonators. What Happened: According to a report from the Federal Trade Commission (FTC), Elon Musk impersonators have duped investors out of over $2 million in the past six months alone. These scams are usually orchestrated by...

U.S. federal authorities are accusing an Instagram user of defrauding followers for millions of dollars in Bitcoin. What Happened: The accusations are against Jegara Igbara, who investigators say used the social media handle “Jay Mazini." A press release put out last week by the...