Scams news articles
Bitcoin Blackmail Scams Most Successful Attack Vector, But Ransomware on the Rise
In crypto, the threat of scams looms large, and recent research by Coin Kickoff reveals a startling trend. Bitcoin blackmail scams have emer...
Binance Helps Thailand With Crypto Pig Butchering Scams, Plans Thai Exchange in Q4
The world’s largest crypto exchange, Binance, has been assisting law enforcement in Thailand in a crackdown on criminal networks. Furtherm...
Crypto suffered 153% YoY increase in hacks and scams in Q3: Immunefi
Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, accor...
$889,260,000 in Crypto Lost to Hacks, Scams and Rug Pulls in Q3 of 2023, According to Blockchain Security Firm
Web3 security company Beosin EagleEye says that there was a drastic increase in illicit crypto activities during the third quarter of 2023. ...
Regulators Grapple With Dilemma Over How to Allow AI Innovations and Thwart Scams
YouTuber MrBeast has shared his Artificial Intelligence (AI) deepfake clip to inform his followers about the scams. Meanwhile, one of the mo...
September becomes the biggest month for crypto exploits in 2023: CertiK
September has officially become the worst month in 2023 (so far) for crypto-related exploits — with a whopping $329.8 million in crypto st...
JPMorgan’s Chase Bank Announces Ban on Crypto Transactions, Citing Increase in Scams Targeting Customers: Report
Financial giant JPMorgan’s Chase Bank in the UK is reportedly banning transactions to crypto platforms, referring to an uptick in scams ta...
Chase UK Bans Crypto Transactions Following Surge in Scams
Banking giant JPMorgan confirmed that its retail arm Chase is banning its British customers from making crypto transactions. British custome...
CFTC to Hold Virtual Events on Social Media Investment Fraud and AI
The crisis of online fraud, and, in particular, online scams that make use of social media platforms and influencers, is out of control. Fed...
India to Implement Dark Net Monitor to Thwart Crypto Crime
As India reels from a number of high-profile cases of crypto fraud and theft, including a scam that enlisted a Bollywood star as an influenc...
Delaware Is the Latest State to Ramp Up Efforts Against Crypto Fraud
As romance and pig butchering scams continue to fleece unsophisticated investors and lonely people who hoped to find companionship online, t...
Philippines Regulators Work With US Law Enforcement to Combat Crypto Fraud
How bad has the problem of cryptocurrency fraud and scams has gotten in the Philippines? The nation’s financial regulators have looked abr...