Scam News

Learn about various cryptocurrency scams and blockchain vulnerabilities, ransomware mostly true stories of cryptocurrency frauds shared by victims by which they lost crypto assets.

Money laundering: China arrests over 1,000 people for illicit cryptocurrency activities

TL;DR Breakdown • China increases its repression against virtual currencies and money laundering.• The Inner Mongolia region prohibits cryptocurrency mining.… Read More

June 10, 2021

New alarm over illegal crypto schemes in China’s Hainan province

TL;DR Breakdown Illegal crypto is not allowed in Hainan.Local media in China warn about trading in Bitcoin and other cryptocurrencies.… Read More

June 4, 2021

Divorcees hide true financial value through digital assets

TL;DR Breakdown • Divorced people use digital assets like Verge or ZDash to hide money.• Not all digital currencies are… Read More

June 1, 2021

Millions of online scams and frauds have been reported to the FBI

TL;DR Breakdown • In 14 months, online scams have increased by 69%.• The most frequent online scams are Phishing, BEC,… Read More

May 31, 2021

Cryptocurrency scam: Investors lost $2 million in crypto by Elon Musk Impostors

TL;DR Breakdown • Cryptocurrency scams continue alongside Musk's speculation.• The Federal Trade Commission says scams are up 1000%. The proposal… Read More

May 18, 2021

Ruja Ignatova, crypto scammer, believed to own 230,000 Bitcoin

TL;DR Breakdown Crypto scammer may have way more BTC than previously known.Ruja had accrued Bitcoin from wealthy Dubai citizen. Onecoin… Read More

May 14, 2021

Crypto assets: Protecting your portfolio from fraud and theft

TL;DR Breakdown • Crypto wallets are better than exchange and hosting systems.• Thefts in cryptocurrencies have increased since 2020. Not… Read More

May 12, 2021

Six imprisoned in connection to Turkey crypto exchange fraud

TL;DR Breakdown Six imprisoned in aftermath of Thordex exchange heistTurkey deploy hunt team to arrest absconding Thordex exchange CEO Six… Read More

May 2, 2021

Another Turkish exchange, Vebitcoin, accused of alleged fraud

TL;DR Breakdown Another exchange being investigated for fraud in TurkeyPossible nexus between Thordex and Vebitcoin scams? Barely two days after… Read More

April 24, 2021

Turkish Exchange CEO absconds with users’ $2 billion

TL;DR Breakdown Exchange firm CEO runs away with over $2 billionUsers drag exchange and CEO to court The CEO of… Read More

April 22, 2021

Crypto scammer earns $7m from fraudulent COVID-relief loan

TL;DR Breakdown How 24-year-old crypto scammer fraudulently raised $7m from different sources.Cheng now risks an 80-year jail term Justin Chang,… Read More

April 21, 2021

Black-hat hackers hit DeFi aggregator on launch day

TL;DR Breakdown Black-hat hackers hack ForceDao project on launch date.How hackers hit DeFi project. New Ethereum decentralized finance project, ForceDao… Read More

April 5, 2021

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