Crypto scam empire Huione was dismantled by Telegram in what appears to be one of the largest crackdowns on cryptocurrency fraud this year. Telegram reportedly shut down channels through which the scheme operated. However, this move did not completely put an end to the platform’s operations, as rival messaging apps quickly absorbed the ‘displaced’ criminal […]
Crypto Scam
Florida Man Scammed by Fake Crypto School, Loses $860K
A Florida man has become a victim of a crypto scam that cost him $860,000 after enrolling in a trading school that promised him huge returns. The ‘school,’ as he was told, involved fake exchanges and misleading signals, leading him to believe he was making profits while his money was actually being drained. The incident […]
Massive $50M Crypto Scam Exposed Involving SUI and NEAR Tokens
Key Takeaways: In late 2024, multiple supposedly legitimate OTC cryptocurrency deals began circulating in off-the-record Telegram channels. With offers to provide early allocations in tokens such as Aptos, SEI, and Swell at significant discounts, such proposals became popular among venture houses, crypto icons, and large-ticket investors. The trades were doing well initially, tokens were being […]
Crypto Job Scam Nightmare: North Korean RAT Steals Wallets
Key Takeaways: Since mid-2024, the North Korean-aligned cybercriminal group Famous Chollima, also tracked as Wagemole, has launched increasingly deceptive campaigns targeting professionals in the crypto industry. These attacks, disguised as employment opportunities, rely on fake job listings at well-known companies such as Coinbase, Robinhood, and Uniswap. The attackers attract unsuspecting candidates by posing as recruiters […]
DOJ Targets $225M in Crypto Tied to Fraud and Money Laundering
DOJ (the United States Department of Justice) has launched a major blockchain-related move to help curb crypto-related crimes. This major step by the DOJ just shows the government’s ongoing efforts to crack down on financial misconduct, especially in the crypto space. On Wednesday, the 18th of June, the DOJ reported complaints about a particular wallet […]
Crypto Exchange Nobitex Hacked for $48 Million Amid Iran-Israel Cyber Warfare
Key Takeaways: Iran’s top crypto exchange, Nobitex, has suffered a massive breach with more than $48 million in digital assets reportedly siphoned off by hacker group Gonjeshke Darande. The group, which is known as “Predatory Sparrow,” announced the attack publicly on X on June 18, accusing Nobitex of enabling terror financing and bypassing international sanctions. […]
Gotbit and its founder, Aleksei Andriunin, face 8 months in jail over crypto price manipulation.
Gotbit, a leading crypto market-making firm, and its founder, Aleksei Andriunin, have been arrested and charged for their role in a scheme involving crypto market manipulation and fraud. According to details, the authorities found out that the firm used different methods to artificially inflate the value of crypto, thereby misleading investors and creating fake “hype” […]
ASIC Bans Financial Adviser Over $14.8M Crypto Scam Fraud
Key Takeaways: The ten-year ban has been imposed on Glenda Maree Rogan, previously of Sutherland Shire and Wollongong, by the Australian Securities and Investments Commission (ASIC) following an investigation of serious misconduct. The past accountant and wealth planner was discovered to have indulged in unethical methods while associated with the group of companies of Fincare […]
Chinese Suspect Arrested in Thailand Over $6.1M Bitcoin Scam
A Chinese suspect has been arrested by the Thai police for his role in a major ‘vanishing’ Bitcoin scam worth $6.1 million. On the 12th of June, a local news outlet, Khaosod English, reported that a Chinese suspect by the name of Tianwei was arrested by Thai immigration police at Don Mueang Airport in Bangkok […]
Bitrue Hacker Launders $23M via Tornado Cash, Nets $9.3M Profit in ETH
Bitrue, a prominent cryptocurrency exchange, was hit with a major hack in 2023, after a hacker stole $23 million worth of crypto assets. According to recent blockchain activity shared by EmberCN, a prominent on-chain data reporter on X, the attacker has been slowly moving the stolen funds, funneling large amounts of Ethereum through the sanctioned […]