Crypto Scam
Paraguay’s President Falls Victim to X Account Hack Promoting Bitcoin Scam
The Bitcoin community experienced a brief surge of excitement overnight,following a post from Santiago Peña’s personal X account claiming that the South American country has accepted Bitcoin as legal cash.…
California Financial Regulator Issues Warning on 7 New Crypto and AI Scams.
Through hundreds of complaints in 2024, a California financial regulator claims to have discovered seven new kinds of AI and cryptocurrency schemes. In a statement released on March 10, the…
Crypto Scams Cost Users $10 Billion Through Pig Butchering, AI Fraud, and Illicit Schemes.
Nearly $10 billion in money lost to scammers in the cryptocurrency ecosystem was documented by the crypto intelligence tracker Chainalysis. The analytics firm predicted that as the list of illegal…
Crypto Scams Cause French Financial Fraud Losses to Reach €500M Annually, Says AMF.
The Autorité des Marchés Financiers (AMF) reports that cryptocurrency-related fraud is a major contributor to the estimated €500 million in damages incurred by victims of financial fraud each year, indicating…
Binance and Indian Police Break Up Renewable Energy Scam, Seize $100K in USDT.
Together, Binance and the Delhi Police said on Tuesday that they had successfully uncovered and shut down a massive renewable energy scam in India, taking over $100,000 in USDT from…
Crypto Influencer Arrested in Connection with $1.2 Million MEV Rug Pull.
On March 20, American law enforcement detained Robert Robb, also known online as “pokerbrat,” a renowned MEV-bot engineer connected to a $1.2 million rug pull scam. On March 21, Robb’s…
After $9 million scam, alleged hacker searched ‘can I cross border with crypto’ and ‘buying citizenship’
A 34-year-old who is accused of stealing millions of dollars from a decentralized cryptocurrency exchange last year sought assistance online as he debated whether to obtain a different citizenship and…
‘Inferno Drainer’ scam as a service has stolen $5.9M since March: Reveals Report.
According to Web3 fraud-detection company fraud Sniffer, a new scam as a service called “Inferno Drainer” has allegedly taken close to $6 million from unwary cryptocurrency users. The reports said,…
New Scam Siphoning Off $6 Million From Crypto-Raptors- Cryptured.
An organization operating as a scam-as-a-service has illicitly obtained around $6 million worth of cryptocurrency assets from unsuspecting individuals. A scammer known as “Inferno Drainer” has taken $5.9 million in…
What Is Inferno Drainer? New Phishing Crypto Scam Pilfering Crypto, NFTs.
Your preferred cryptocurrency projects on the most prominent blockchains are likely the target. What, though, is Inferno Drainer? According to Scam Sniffer, a website that specialises in detecting scams, the…
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