In a March 28 report, the famous blockchain security firm Immunefi observed a drastic drop in the number of crypto
Category: Cryptocurrency Scams
FBI Report Shows Crypto Crime Surged by 53% in 2023
An official publication from the United States Federal Bureau of Investigation (FBI) demonstrated that crypto-related crime has risen year-over-year. After
BitForex Suspend Operation Following $57M Transaction
The Hong Kong-based crypto exchange BitForex has ceased operations. News concerning the closure of business elicited mixed feelings among the
Amazon Studio Creating a Film on Bitfinex Money Laundering Saga
The growing popularity of crypto assets exposed the digital sector to a series of events. Besides the development in the
Tether Denies UN Claims on Involvement of USDT in ‘Illicit Activity’
On Monday, January 15 the world’s largest stablecoin issuer Tether vehemently refuted claims of its involvement in illicit activities. Earlier
Hackers Exploits SEC X Account to Falsely Announce Approval of Bitcoin ETF
In a December 9 report, the hackers compromised the United States Securities and Exchange Commission (SEC) X account to announce
Founder of Nest Wallet Loses $125,000 in a Phishing Scam
In recent events, cybercriminals have shifted to the crypto sector to steal customers’ hard-earned funds. On Tuesday, January 2, the
Indonesian Law Enforcers Arrests Bitcoin Miners for Electricity Theft
As the crypto miners prepare for the upcoming Bitcoin halving, industry leaders have been exploring ways to increase the hash
SEC Files Fresh Lawsuit Against ‘Self-Styled Entrepreneur’ for Defrauding Crypto Investors
As the US Securities Exchange Commission (SEC) intensifies its regulatory action against non-compliant individuals and businesses, the market regulators filed
Insomniac Games Hit by Cyber Attack Leading to Loss of Confidential Data
In a December 13 report, the American video game developer Insomniac Games was hit by a catastrophic cyber attack resulting