The continuous rise in the number of crypto ATM scams in Tasmania has caused the police to raise alarm in order to create awareness for citizens and protect more people. On Friday, the 11th of July, the official Tasmania Police Department shared a post on their website about the rise in the number of crypto […]
Crypto Scam
Nigeria’s SEC Raises Alarm Over Increased Digital Assets Fraud
With the continuous increase in the number of digital asset frauds in the crypto space, many countries, in conjunction with their regulatory authorities, are trying to put important regulations in place so as to help protect citizens from falling victim to crypto/digital asset scams. The Nigerian Securities and Exchange Commission (SEC) is responsible for vetting […]
The Rise of Wrench Attacks in Crypto: The Disturbing Shift From Online Hacks to Physical Violence
Ever since the creation of the first cryptocurrency in 2009, year in and year out, there have been records of crypto hacks and different crypto scams. From social engineering to phishing to hacks on different blockchain platforms, the crypto space has seen it all. However, in recent times, there has been a sad shift in […]
Tether Expands Security Infrastructure with Strategic Crystal Intelligence Investment
Tether, the owner of the largest stablecoin by market cap, USDT, has made a key strategic investment in Crystal Intelligence, a premier blockchain analytics company. This investment is part of Tether’s expanding initiative to enhance transparency and fight the abuse of stablecoins in illegal activity throughout the digital asset space. Crypto-related crime has recently become […]
$12.5M Ethereum Buy by Coinbase Hacker Sparks New Fears in the Network
On July 6, the hacker responsible for siphoning over $300 million from Coinbase users resurfaced with a notable crypto move. The wallet that was connected with the hacker purchased 4,863 ETH, consuming $12.55 million DAI in the process at an average token value of $2,569. This purchase follows a previous selloff in May when the […]
Crypto Scam Lands Two Men 12 Years Behind Bars For £1.5 Million Fraud
As the rate of crypto scams continues to increase, the Financial Conduct Authority (FCA) keeps putting different measures in place to curb and deal with crypto scammers within the country. A few days ago, on the official website of the FCA, they shared a recent arrest and court ruling involving two men who took part […]
Crypto Hack in First Quarter 2025, Beats 2024 Record
In recent times, there has been a high rise in the number of exploitation, theft, and blackmail in the crypto space. Although crypto and blockchain in general are often regarded as ‘highly volatile and risky’, the number of exploitations that happened in the first quarter of 2025, has raised security concerns for many. From Bybit […]
Lazarus Group Linked to Shocking $3.2 Million Crypto Scam
Lazarus Group, the notorious North Korean cybercrime organization, has made the headlines again after being linked to a $3.2 million crypto scam. The group in recent times has made its name as one of the top leading crypto crime organizations known for its sophisticated tactics and ties to the North Korean government. This latest attack […]
Crypto Ponzi Mastermind Sentenced to 8 Years For $40 Million Theft
A Crypto Ponzi scheme has led to the arrest and eight-year prison sentence for the mastermind behind the fraud. The scheme promised investors high returns from trading cryptocurrency but instead operated in a ‘circle’ formation, taking New deposits from old investors to pay earlier investors, keeping the operation running on false hope. As the scam unraveled, […]
Crypto Hacks Hit $2.1B in H1 2025, TRM Labs Cites Surge in State-Sponsored Crime
The new report by blockchain intelligence company TRM Labs reported 75 incidents involving stolen crypto assets worth more than $2.1 billion in the first half of 2025. This figure represents a 10% increase compared to the prior H1 record in 2022 and almost matches the 2024 total for the entire year. Targeted infrastructure attacks and […]