bitcoin scams

Crypto scam: Investor loses over 1.5 million dollars to fraudulent app

TL;DR Breakdown • The crypto Investor trusted an App that a girl recommended him.• Steve Belcher confesses that he lost… Read More

January 3, 2022

Bitconnect scam: United States SEC announces court verdict

TL; DR Breakdown SEC delivers verdict on Bitconnect scam lead promoterInvestors lost $2 billion to the platformArcaro banned from coin… Read More

December 10, 2021

Hackers use cryptomixers in stolen crypto laundering

TL;DR Breakdown • According to researchers, the crypto mixer Absolutio is the most used among cybercriminals.• Cryptomixers offer anonymous transactions… Read More

November 16, 2021

Bitcoin scam: Police open new investigation into Srikrishna Ramesh

TL;DR Breakdown • Srikrishna Ramesh was arrested for being responsible for drug sales on the dark web.• Ramesh used encrypted… Read More

November 9, 2021

2020 Twitter hack scammer faces trial for another crypto theft case worth $784,000

TL;DR Breakdown 2020 Twitter Hack scammer faces trial for another cyber theft.Scammer in sim-swap attack dupes victim of around $784,000… Read More

November 5, 2021

Spain police warn about the crypto scams’ growth

TL;DR Breakdown • The police authority clarifies there are agencies dedicated to scam with cryptocurrencies.• Spain has announced crypto scams… Read More

October 19, 2021

UK investors have lost $200M in cryptocurrency scams since 2021

TL;DR Breakdown: Investors in the UK have lost over $200 million in cryptocurrency scams since this year. About 558 of the… Read More

October 18, 2021

Apple compromised: $1.4 million vanishes in a bitcoin dating app scam

TL;DR Breakdown Apple's Developer Enterprise program used to dupe unsuspecting victims.The bitcoin address linked to the scam has received over… Read More

October 15, 2021

IT supervisor accused of mining BTC using taxpayer dollars

TL;DR Breakdown • Naples financed crypto mining machines with taxpayer funds.• BTC's clandestine farm caused Suffolk County in New York… Read More

September 9, 2021

Crypto scam leader pleads guilty to over $30 million theft accusation

TL;DR Breakdown • Michael Ackerman completed the largest crypto scam in the New York financial market.• Ackerman must pay around… Read More

September 8, 2021

Crypto scammers strike in Taiwan, elopes with over $5M

TL;DR Breakdown Police nab 14 suspected crypto scammers in Taiwan.Scammers duped over 100 investors of over $5m.US SEC warns investors… Read More

September 7, 2021

Bitcoin trading scam promoted on YouTube costs trader $700,000 in BTC

TL;DR Breakdown Bitcoin trading scams continue to occur, phishing traders with lucrative offers.A Bitcoin trader recently lost around $700,000 due… Read More

September 5, 2021

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