Scams News
FBI Announces Crypto Crime Division to Tackle Ongoing Ransomware Attacks
The US Department of Justice has announced the establishment of the National Cryptocurrency Enforcement Team (NCET). The unit, which will sp...
Crypto Detective Coffeezilla Exposes $20 Million ‘Squiggles’ NFT Scam
Self-appointed “internet detective” and YouTuber Coffeezilla has posted a new video explaining how he and members of the cr...
Australian Consumer Watchdog Investigates Meta (Facebook) for Crypto Scam Ads
The ACCC (Australian Competition and Consumer Commission) is investigating Facebook’s parent company Meta for allowing crypto scammers to ...
YouTuber ‘Ice Poseidon’ Admits Stealing $500,000 in Blatant Crypto Scam
Ice Poseidon, also known as Paul Denino, a YouTube streamer and internet personality, has admitted to scamming fans out of US$500,000 in a c...
TIME Token Collapses 60% Amid Revelation that Co-Founder is a Known Convict
DeFi (Decentralised Finance) project Wonderland has seen its native token TIME collapse 60 percent after it was revealed it had been co-foun...
Report Shows $33 Billion in Crypto ‘Money Laundering’ by Cybercriminals
New research by blockchain data firm Chainalysis shows there has been an estimated US$33 billion laundered through crypto in the past five y...
Developers Pull Off Third NFT Rug-Pull for $1.3 Million, ‘Verified’ Project ‘Big Daddy Ape Club’
The Big Daddy Ape Club, a non-fungible token (NFT) project on Solana (SOL), has pulled the rug on investors for 9,136 SOL (an estimated US$1...
ASIC Cautions Investors Against Switching to an SMSF to Invest in Crypto
The Australian Securities and Investment Commission (ASIC) has issued a warning to consumers to not rely on people advising to invest in cry...
NFT Community Comes Together Amid $1.3 Million Frosties NFT RugPull
Another non-fungible token project has pulled the rug on its investors, stealing at least US$1.3 million out of their pockets, in the first ...
Kardashian and Mayweather in Hot Water Amid Lawsuit over Ethereum Max Promotion
What do Kim Kardashian, Floyd Mayweather and Paul Pierce have in common? They’re all getting sued by an aggrieved investor over an all...
Report: Crypto Crime Reached New Highs in 2021
In its annual Crypto Crime report, New York-based blockchain analytics firm Chainalysis has reported that although the percentage of illicit...
Australian Man Charged by SEC for Fraudulent ICO
Australian cryptocurrency entrepreneur Craig Sproule has been charged by the US Securities and Exchange Commission (SEC) for defrauding inve...