Feds seize seven websites involved in the “pig butchering” crypto scam
Seven websites that were being used to carry out pig butchering schemes have been seized by the US Department of Justice
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Latest firstUS Secret Service Quietly Amasses $400M in Crypto Seizures: Report
Key Takeaways The United States Secret Service has quietly built one of the largest government-controlled cryptocurrency holdings in the world, recovering nearly $400 million in digital assets over the last ten years. The funds—largely stored in a single cold wallet—are…
Crypto Scams in 2023
The cryptocurrency market has evolved over the last few years, with an undeniable surge in altcoins, meme coins, and tokens making waves in the blockchain ecosystem. In recent years, platforms like Binance Smart Chain (BNB) and Ethereum (ETH) have become…
‘AI-Powered’ Harvest Keeper Drains $1M of Users Funds
Harvest Keeper, a project that intended to streamline trading procedures, guaranteed a 101% return on investment in just 21 days.
Crypto scammer Monkey Drainer announces their exit
Monkey Drainer, a service provider that offers "scam as a service," declared their exit from the industry
Crypto exchange Gate.io’s Twitter hacked, posts fake giveaway
The malicious tweet offered a prize of 500 USDT to the first 1,000 winners who claimed the reward by connecting their wallet to a fake phishing website.
Chinese Police Arrests a Gang Accused of Laundering $5 B in Crypto
Key Takeaways: A Criminal Gang Suspected of Laundering More Than $5 Billion in Crypto Has Been Arrested by China’s Police. Police detained 93 people who were linked to the case. Chinese police have effectively clamped down on a $5.5 billion…
Crypto Scams Witnessed 65% Decline This Year, Crypto Hacks on a Surge
Illicit activity involving cryptocurrency went down 15% in volume this year.
The total scam revenue for 2022 is now $1.6 billion, a 65% decline compared to the same period in 2021.
$1.9 billion worth of cryptocurrency has been stolen in hacks of services, compared to just under $1.2 billion at the same point in 2021