crypto scams Archives

New York Officials Seize 0K From Facebook Crypto Scam Targeting Russian Speakers

New York Officials Seize $440K From Facebook Crypto Scam Targeting Russian Speakers

Leave a Comment / Blockchain News, crypto scams, New York / best time

New York law enforcement has seized over $440,000 in stolen cryptocurrency as part of an ongoing multi-agency investigation into a sophisticated crypto scam that preyed on Russian-speaking communities through deceptive Facebook ads. The fraudulent scheme, which reportedly caused over $1 million in losses in Brooklyn alone, lured hundreds of victims into investing in fake cryptocurrency […]

New York Officials Seize $440K From Facebook Crypto Scam Targeting Russian Speakers Read More »

Wallet Compromises Eclipse All Other Crypto Attack Vectors

Leave a Comment / AA News, Crypto News, crypto scams, Hacks / best time

Hackers in the cryptocurrency space are shifting their focus from traditional smart contract flaws to manipulating individuals through social engineering tactics, as per Web3 security firm CertiK. The company reports that over $2.1 billion has already been lost to crypto-related attacks in 2025. Most of the damage stems from wallet breaches, which far outpace all

Wallet Compromises Eclipse All Other Crypto Attack Vectors Read More »

Important Warning Concerning Shiba Inu (SHIB) and Coinbase Users: Details Here

Leave a Comment / Coinbase, Crypto Bits, Crypto News, crypto scams, Shiba Inu (SHIB) / best time

TL;DR Fraudsters are increasingly targeting crypto users with sophisticated tactics, blending official-looking emails and fake profiles to steal sensitive information. LUCIE, Shibarium’s marketing strategist, recently shared a personal scam experience, stressing that wrongdoers often appear sympathetic and genuine, making it crucial for people to remain cautious and vigilant. High Alert The X account Shibarium Trustwatch

Important Warning Concerning Shiba Inu (SHIB) and Coinbase Users: Details Here Read More »

US Blacklists Philippines Internet Infrastructure Provider Tied to 0M Crypto Scam

US Blacklists Philippines Internet Infrastructure Provider Tied to $200M Crypto Scam

Leave a Comment / Blockchain News, crypto scams, U.S Treasury / best time

The US has imposed sanctions on a Philippines-based digital infrastructure provider accused of facilitating a large-scale crypto scam that have led to over $200m in reported losses from American victims. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Thursday that it has designated Funnull Technology, along with its administrator,

US Blacklists Philippines Internet Infrastructure Provider Tied to $200M Crypto Scam Read More »

US sanctions tech firm tied to multi million dollar crypto scam operations

Leave a Comment / Crime, crypto scams, Policy and Regulation / best time

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 »

Recent Pi Network (PI) Developments, Important Scam Warnings, and More: Bits Recap May 16

Leave a Comment / Binance, Crypto Bits, Crypto News, crypto scams, Pi Network (PI), Shiba Inu (SHIB) / best time

TL;DR PI surged to a two-month high after a teaser from the team behind the project, but dropped sharply to around $0.80 following the reveal of the actual news. Binance sparked speculation about a possible PI listing with a cryptic π-themed post, triggering excitement across the community. Shibarium’s marketing strategist, LUCIE, shared a personal story

Recent Pi Network (PI) Developments, Important Scam Warnings, and More: Bits Recap May 16 Read More »

Hong Kong Police Develop ‘CryptoTrace’ Tool to Help Track Online Crypto Crimes

Leave a Comment / Bitcoin News, Crime, crypto scams, Hong Kong / best time

Hong Kong Cyber Security and Technology Crime Bureau (CSTCB) announced the launch of a virtual asset analysis tool to aid in crypto crime investigations. Dubbed ‘CryptoTrace’, the tool is developed in collaboration with the University of Hong Kong, an official release noted. The crypto tool offers “advanced intelligence and investigation support to crime investigation units,”

Hong Kong Police Develop ‘CryptoTrace’ Tool to Help Track Online Crypto Crimes Read More »

Important Warning Affecting All Binance Users: Details Here

Leave a Comment / Binance, Crypto Bits, Crypto News, crypto scams, phishing / best time

TL;DR Scammers are impersonating Binance support on platforms like Telegram to trick users into clicking malicious links that steal credentials or 2FA codes. While Binance’s CEO assured that the company operates around the clock to safeguard user assets, he emphasized that individual vigilance remains paramount. ‘Scammers Never Sleep’ Alongside the technical innovation and opportunities that

Important Warning Affecting All Binance Users: Details Here Read More »

U.S. Treasury Crackdown Exposes Karen National Army’s .5B ‘Pig-Butchering’ Crypto Scam Empire

U.S. Treasury Crackdown Exposes Karen National Army’s $3.5B ‘Pig-Butchering’ Crypto Scam Empire

Leave a Comment / crypto scams, DeFi News, News, US Treasury / best time

Key Takeaways: The U.S. Treasury sanctioned Burma’s Karen National Army and its leaders for allegedly running crypto scam syndicates and human trafficking networks that generated billions in victim losses. The KNA’s territory became a hub for “pig butchering” scams, where trafficked people were forced to defraud victims online. These sanctions mark a major escalation in

U.S. Treasury Crackdown Exposes Karen National Army’s $3.5B ‘Pig-Butchering’ Crypto Scam Empire Read More »

Crypto Hacks and Scams Hit $364M in April, Says CertiK

Leave a Comment / Crypto hacks, crypto scams, DeFi News / best time

April 2025 became yet another historic month for the crypto industry, as blockchain security firm CertiK confirmed that a staggering $364 million was lost to scams, hacks, and phishing attacks. #CertiKStatsAlert Combining all the incidents in April we’ve confirmed ~$364M lost to exploits, hacks and scams after ~$18.2m was returned. KiloEx, Loopscale and zkSync all

Crypto Hacks and Scams Hit $364M in April, Says CertiK Read More »