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 […]
FTC: Imposter Scam Losses Among Seniors Surge 362% Since 2020 Read More »
A massive Bitcoin theft from 2020 has surfaced nearly four years later, and it’s now being called the largest crypto heist ever uncovered. Key Takeaways: Arkham has revealed an undisclosed 2020 hack of 127,426 BTC from Chinese mining pool LuBian. The attack exploited weaknesses in LuBian’s private key system, with over 90% of its BTC
A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according to a new report from cybersecurity firm Check Point. Key Takeaways: Fake crypto app ads have exposed over 10 million people to malware. The malware uses JavaScript and advanced evasion tactics to avoid detection. Victims risk losing passwords,
10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A California jury has sent a clear message about crypto scams. According to the US Department of Justice, Rowland Marcus Andrade will spend seven years in prison after being found guilty of wire fraud and money laundering. Andrade had pitched a token
AML Bitcoin Founder Sentenced To 7 Years Read More »
Nancy Jones, the widow of country music legend George Jones, was allegedly scammed out of $17 million worth of XRP, according to a new report from Nashville media outlet WKRN. George Jones Widow Files Theft Report Over Stolen Crypto The July 25 report states that Jones’ 58-year-old ex-boyfriend, Kirk West, was taken into custody at
George Jones’ Widow Allegedly Scammed Out of $17 Million Worth of XRP Read More »
On July 29, FaZe Banks resigned as the CEO of FaZe Clan following an intense backlash on the launch of meme coin MLG Crypto. The 33-year-old entrepreneur stepped down on accusations of pulling a crypto scam while promoting the meme coin. In his message on the social media platform X, FaZe Banks denied any wrongdoing
FaZe Banks Quits as FaZe Clan CEO Amid MLG Meme Coin Scam Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to project insiders, the Stellar Blade X account started posting a “stellarcoin.com” link Sunday morning. It wasn’t part of any roadmap or community update. The comment section was turned off on every post, and the feed was suddenly filled with promises
Crypto Crooks Take Over Stellar Blade’s X Account, Spread Fake Crypto Read More »
Analysts at BitMEX Research have raised the alarm about a scam targeting early Bitcoin holders, particularly those with wallets dating back to 2011. According to the firm, the scam appears to exploit long-dormant addresses by injecting false transactions and misleading messages via OP_Return outputs, an optional field in Bitcoin transactions that can carry arbitrary data.
Scam targets dormant Bitcoin wallets with fake legal notice Read More »
The US Secret Service has built one of the world’s largest seized crypto war chests, confiscating nearly $400 million in digital assets. Key Takeaways: Secret Service has seized nearly $400M in crypto from online scams over the past decade. Investigators traced funds using blockchain analysis, helping claw back millions in stolen assets. Global training led
US Secret Service Builds $400M Crypto War Chest From Seized Scams Over 10 Years Read More »
Key Notes The DOJ recovered $40K in crypto linked to Trump-Vance inaugural scam. Scammer impersonated committee co-chair Steve Witkoff via phishing email. Tether cooperated with authorities to help recover the stolen funds. U.S. federal prosecutors have recovered $40,300 in cryptocurrency connected to a scam targeting the Trump-Vance inaugural committee. The scammer executed an email phishing
DOJ Recovers $40K in Crypto From Trump-Vance Inaugural Scam Read More »
