Tag Archives: crypto scams

TL;DR Shibarium Trustwatch warns of a fake X account impersonating Shiba Inu’s official page. Previous alerts exposed scammers using Shytoshi Kusama’s name and fake SHIFU token emails to deceive the community. ‘Stay Safe’ The ever-evolving cryptocurrency industry offers investors the chance to make substantial profits, which is highly intriguing for investors. However, it is also rife with scammers who take every opportunity to con unsuspecting victims and drain their...

Story Highlights China warns public about DeepSeek crypto scam targeting investors. Fake DeepSeekCoin circulates in chat groups, causing major financial losses. Scammers create fake DeepSeek websites to trick investors. The Chinese government has warned the public about a major cryptocurrency scam involving the “DeepSeek blockchain project.” The criminal group obtained funds from investors before disappearing from view, according to official sources. This circulation of the fake digital...

Several Binance users have reported falling victim to an SMS spoofing attack. The phishing text appeared within Binance’s official message thread, making it nearly indistinguishable from legitimate communications. User Reports Binance Phishing Incident One user, Joe Zhou, shared his experience in a LinkedIn post, stating, “I want to report a recent scam related to the Bybit incident and Binance.” Zhou described receiving an SMS from the same Binance number where he typically...

A disturbing trend emerges in the demographic profile of pig butchering scam victims. While older adults have historically been the main targets of financial fraud, these scams now focus on younger, tech-literate individuals. The latest data reveals that those aged 30 to 49 represent the majority of reported cases. Pig Butchering Scams A 2024 study by Cyvers analyzed 150 major crypto platforms, including exchanges, payment service providers, and banks, with a focus on the...

Interpol issued a Red Notice to Richard Schueler for violence and tax fraud. Schueler is facing an SEC lawsuit for $1B in unregistered token offers. Interpol has issued a Red Notice for Richard Schueler, the founder of the cryptocurrency project Hex, who is accused of tax fraud and assault. A Red Notice calls for law enforcement worldwide to locate and provisionally arrest the wanted person, though it is not an international arrest warrant. Schueler, now in Finland, keeps running until he...

Beverly Hills men Gabriel Hay and Gavin Mayo face charges for defrauding investors out of $22 million in crypto scam. A Beverly Hills man and another individual have been charged for allegedly defrauding investors out of over $22 million in cryptocurrency. Gabriel Hay, 23, from Beverly Hills, and Gavin Mayo, 23, of Thousand Oaks, face multiple charges. Such charges include conspiracy to commit wire fraud, actual wire fraud and stalking charges. The indictment was unsealed on Friday according...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and one entity involved in a network laundering millions of dollars in illicit funds for North Korea. Lu Huaying and Zhang Jian, based in the United Arab Emirates (UAE), used a UAE-based front company to facilitate money laundering and cryptocurrency conversion, funneling the proceeds back to Pyongyang. OFAC Imposes Sanctions In its official press release on December...

Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects, who included 148 Chinese, 40 Filipinos, and several other foreign nationals, were caught during a surprise raid at an imposing seven-story structure known as Big Leaf in the affluent Victoria Island neighborhood. Sophisticated Scam Network Unveiled According to information shared by the agency, the operation...

The suspect took $300K in cryptocurrency by accessing passenger phones. Hussein is facing theft, fraud, and money laundering accusations. A Scottsdale man accused of impersonating an Uber driver was arrested for allegedly ripping off $300,000 in cryptocurrency from two different passengers. Scottsdale detectives and U.S. authorities booked Nuruhussein Hussein on December 11. Secret Service agents. He now faces charges of theft, fraud, and money laundering. Incidents took place outside the W...

A new wave of crypto scams has emerged, with attackers using fake X accounts to impersonate popular influencers and lure unsuspecting users into fraudulent Telegram groups. Users are then manipulated into installing malware that compromises crypto wallet data. Scammers Moving Beyond Simple Phishing Scams According to blockchain security firm Scam Sniffer, the scammers comment on legitimate posts, enticing users with offers of exclusive investment insights and “alpha” tips....