Scams News

ASIC Bans Adviser for a Decade After AU$15M Crypto Scam Theft
Glenda Maree Rogan has been banned from Australiaâs financial services industry for ten years after funnelling nearly AU$15M into a crypto...

Paraguayan Presidentâs X Account Hacked in Fake Bitcoin Legal Tender Scam
Excitement briefly swept through the Bitcoin community overnight, Australian time, after a post from the personal X account of the Paraguaya...

Crypto ATM Scams Rip Off Aussies: Seniors Bear the Brunt
An investigation by Australiaâs financial crimes watchdog, AUSTRAC, has revealed widespread lack of compliance by crypto ATM (CATM) operat...

Ethereumâs EIP-7702 Upgrade Exploited by âCrimeEnjoyorâ Wallet-Sweeping Scam
Ethereumâs newest account abstraction feature is being weaponised at scale. According to a new analysis by crypto trading firm Wintermute,...

Scammed to Scammer: Aussie Banker Used Insider Knowledge to Steal $500k
A former National Australia Bank (NAB) employee has been sentenced to 18 months imprisonment for the theft of almost AUD$500,000 from bank c...

Binance and Kraken Thwart Social-Engineering Attacks Mirroring Coinbase Breach
Two crypto behemoths, Binance and Kraken, had reportedly blocked hack attempts mirroring the recent Coinbase breach. According to a Bloomber...

Ledger Warns of New Scam Involving Fake Letters Asking for Recovery Phrases
Thereâs a new type of scheme targeting Ledger users directly, and it involves the same good olâ phishing attacks, but this time, sent vi...

Melbourne Accountant Sees $30K Assets Frozen: CommBank Flags Legit Crypto Purchase as a Scam
Andrew Broadbent, a Melbourne accountant, tried to invest AU$30,000 in Bitcoin last August through crypto brokerage Stormrake. But the Commo...

$100k Wipe-out: Crypto CEO Lost 75% of BTC, ETH in âElusive Cometâ Video Call Scam
A sophisticated scam has taken place through Zoom resulting in Jake Gallan, CEO of Emblem Vault, losing over US$100,000 (AU$157,707) in digi...

Australia Cracks Down on Crypto Scams, Winds Up 95 Companies
Australiaâs security watchdog has intensified its efforts to combat online fraud and protect consumers from sophisticated scams involving ...

Bitcoin Address Poisoning Scam Surges, Lopp Reveals Blockchain’s Vulnerabilities
Jameson Lopp, chief security officer at Bitcoin custody firm Casa, noted a surge in Bitcoin (BTC) address poisoning attacks. In an add...

Bro of Breakdancer âRaygunâ Charged Over $180K Crypto Fraud
The brother of Olympic breakdancer and national embarrassment, Rachel âRaygunâ Gunn, has been in court recently for some âsick movesâ...