Crypto Scam Archives

Judge Backs Logan Paul’s Bid to Dismiss CryptoZoo Class-Action Lawsuit

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A Texas magistrate judge has recommended dismissing most of a proposed class-action lawsuit against YouTuber Logan Paul over his collapsed NFT venture, CryptoZoo, in a ruling that could sharply weaken the case. Key Takeaways: A Texas magistrate judge recommended dismissing most claims in the CryptoZoo class-action lawsuit against Logan Paul. The judge permanently rejected the […]

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FBI Alert: Scammers Pose as Lawyers to Target Past Crypto Fraud Victims with Fraudulent Recovery Schemes

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The FBI has issued an updated alert warning of fictitious law firms targeting crypto fraud victims with fraudulent recovery schemes, exploiting vulnerable populations, including the elderly, by impersonating legitimate lawyers and government entities. The sophisticated scams combine multiple exploitation tactics, offering false hope to victims desperate to recover funds from previous crypto frauds while stealing

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CrediX Finance Team Vanishes After .5M Hack, Exit Scam Suspected

CrediX Finance Team Vanishes After $4.5M Hack, Exit Scam Suspected

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The team behind decentralized finance (DeFi) protocol CrediX Finance appears to have vanished following a $4.5 million exploit that drained funds from the platform, sparking widespread suspicions of an exit scam. In an August 8 alert, blockchain security firm CertiK reported that CrediX Finance’s official X account went silent, while its website has remained offline

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FTC: Imposter Scam Losses Among Seniors Surge 362% Since 2020

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Older Americans are losing money to imposter scams at an alarming rate, with losses and case numbers surging to record highs, according to new data from the Federal Trade Commission (FTC). Key Takeaways: FTC data shows seniors’ imposter scam losses hit $700M in 2024, up 362% since 2020. Scammers pose as trusted officials or companies

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Treasury Issues Urgent Bitcoin ATM Scam Alert After 7M in Victim Losses

Treasury Issues Urgent Bitcoin ATM Scam Alert After $247M in Victim Losses

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The U.S. Treasury’s Financial Crimes Enforcement Network issued an urgent notice on August 4, warning financial institutions about cryptocurrency kiosk fraud after victims lost $247 million through Bitcoin ATM scams in recent years. FinCEN Director Andrea Gacki emphasized in a press release that “criminals are relentless in their efforts to steal money from victims” while

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Beijing Court Jails Tech Executive 14 Years for .5M Crypto Laundering

Beijing Court Jails Tech Executive 14 Years for $19.5M Crypto Laundering

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Beijing authorities sentenced tech executive Feng to 14 years for a $19.5 million crypto laundering scheme at a major short video platform. According to a People’s Daily report, the Haidian District People’s Court convicted Feng and seven co-conspirators of occupational embezzlement after they illegally stole 140 million yuan in company incentive funds. Prosecutors revealed that

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Crypto Influencer ‘Crypto Beast’ Dumps ALT Token for M After Promoting to Followers, ZachXBT Exposes

Crypto Influencer ‘Crypto Beast’ Dumps ALT Token for $11M After Promoting to Followers, ZachXBT Exposes

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Blockchain investigator ZachXBT has exposed crypto influencer Crypto Beast for allegedly orchestrating an $11 million token dump on followers. The investigation revealed that 45 connected insider wallets tied to Crypto Beast sold over $11 million worth of ALT tokens on July 14, 2025, causing the token’s market cap to crash from $190 million to just

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Crypto Case Cracks Open Police Conspiracy In LA—Details

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A federal prosecutor in California has charged two Los Angeles County Sheriff’s Department deputies with conspiring to violate people’s civil rights. One of the deputies has already pleaded guilty. Their actions are tied to a crypto entrepreneur known as “The Godfather,” who

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LA Sheriff’s Deputies Used Badges to Help Crypto ‘Godfather’ Extort Victims

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Two Los Angeles (LA) County Sheriff’s Department deputies have admitted to using their law enforcement powers to help a crypto entrepreneur dubbed “The Godfather” extort victims through armed confrontations and fraudulent search warrants. According to the report from the DOJ, David Anthony Rodriguez, 43, pleaded guilty to conspiracy against rights, while Christopher Michael Cadman, 33,

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2 Londoners Get 12 Years For $2M Scam

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto scammers continue to believe they can get away with their dirty tactics. Two residents of Greater London have been sent to prison after swindling more than £1.54 million—about $2.1 million—from at least 65 people. Sentences of over five years for Raymondip Bedi and

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