The Czech Republic has been shaken by a Bitcoin scandal. On Friday, Justice Minister Pavel Blažek resigned, with the opposition set to demand the resignation of the coalition government this week as well. The situation caught on fire at the end of last week after Blažek, a conservative politician, accepted a large donation in BTC […]
Cybercriminals are adopting increasingly deceptive tactics to target crypto users, with some now posing as blockchain security companies. Their aim is to steal assets and implicate their victims in the process, making it harder for them to seek redress. This evolution comes amid a sharp rise in crypto-related losses. In May 2025 alone, hackers and
Crypto criminals now impersonate security firms in elaborate scams Read More »
MEXC reports 80,057 fraud cases in Q1 2025, a 200% YoY increase. India flagged 27,000 fraudulent accounts, up 17% from last year. Indonesia saw 1,303% surge in fraud cases, reaching 5,603. As cryptocurrency adoption widens across emerging markets, so do the risks tied to financial fraud. On Friday, May 30, global crypto exchange MEXC revealed
India, Indonesia leads with 30,000 cases Read More »
Netflix has green-lit an eight-episode limited series titled The Altruists, a dramatization of the eight-billion-dollar collapse of crypto exchange FTX and the downfall of its co-founder, Sam Bankman-Fried. The show, produced under Barack and Michelle Obama’s Higher Ground banner, will star Julia Garner (3x Emmy winner) as former Alameda Research chief executive Caroline Ellison and
The US government on Thursday imposed sanctions on Funnull Technology Inc. Tools provided by Funnull made it easier for fraud networks to switch domains and evade detection. Under the sanctions, all US-based assets or interests tied to Funnull or Liu are blocked. The US government on Thursday imposed sanctions on Funnull
US sanctions tech firm tied to multi million dollar crypto scam operations Read More »
An Italian tourist’s barefoot dash onto a SoHo sidewalk has cracked open one of the most violent crypto-ransom plots ever seen in New York City. With the surrender of William Duplessie, 32, on Tuesday, police say they have now charged two business partners who allegedly imprisoned and tortured the 28-year-old for 17 days in a
A federal jury convicted former SafeMoon Braden John Karony on all charges in a crypto fraud scheme that siphoned millions from investors under false promises of decentralized finance security. The jury found Karony guilty of conspiracy to commit securities fraud, wire fraud, and money laundering after a 12-day trial in Brooklyn on May 21. Prosecutors
Former SafeMoon CEO Braden Karony convicted on all charges in $200M crypto fraud scheme Read More »
Cetus Protocol, a decentralized exchange (DEX) operating on the Sui Network, has suspended its smart contract operations after a serious security breach. The platform confirmed the exploit on May 22 through its official X account, noting that the shutdown was necessary to prevent further fund loss, stating, “🚨Alert Announcement 🚨 There was an incident detected
Sui-based Cetus Protocol suspends operations following $260 million oracle exploit Read More »
The U.S. Securities and Exchange Commission (SEC) accused cryptocurrency startup Unicoin and its top executives of orchestrating a massive fraud scheme. The SEC alleges that they raised more than $100 million from thousands of investors using false promises about asset-backed tokens and inflated fundraising numbers. A crypto dream built on illusions? The SEC’s 77-page complaint, filed
Amid a recent surge in physical threats to crypto investors with substantial holdings, firms that offer personal security services are seeing increasing demand. Amsterdam-based physical security and intelligence services provider Infinite Risks International’s managing director, Jethro Pijlman, told Bloomberg: “We’ve had more inquiries, more long-term clients, and more proactive requests from crypto investors who don’t
Crypto investors are ramping up personal security as physical attacks surge: Report Read More »
