scam Archives - Page 2 of 2

February 17, 2025
Blockchain, Crypto News

Milei Faces Political Firestorm as $LIBRA Token Collapses, Wiping Out Billions

Argentinian President Javier Milei is facing calls for impeachment after his endorsement of a cryptocurrency project named $LIBRA resulted in a catastrophic collapse over the weekend. The controversial token,...

February 17, 2025
Crypto News

Bitconnect Ponzi Scheme: India Seizes $190M as Crackdown on Crypto Fraud Intensifies

Indian authorities have confiscated nearly $190 million in cryptocurrency linked to Bitconnect, one of the biggest Ponzi schemes in crypto history. The Enforcement Directorate (ED) in Ahmedabad confirmed the...

February 15, 2025
Crypto News

AI-Driven Crypto Scams Surge, Netting Over $9B in 2024

Crypto scammers stole approximately $9.9 billion from the industry in 2024, marking the lowest theft since 2021, according to a recent Chainalysis report. However, the firm projects that the...

February 14, 2025
Crypto News

VARA Warns Against Misleading Meme Coin Promotions in Dubai

Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a public warning cautioning investors about the dangers of meme coin promotions, highlighting their high-risk nature and potential for market manipulation....

February 14, 2025
Blockchain, Crypto News

Crypto Scam Epidemic: Pig Butchering Fraud Up 40% in One Year, Says Chainalysis

Crypto scams, particularly high-yield investment scams and pig butchering schemes, accounted for the largest share of fraudulent crypto transactions in 2024, according to a new study by Chainalysis. High-yield...

February 14, 2025
Crypto News

FBI Crackdown on Crypto Scams Recovers $285 Million for Victims

The FBI’s initiative to counter crypto investment fraud has successfully saved thousands of victims from losing millions of dollars since its launch, according to a February 13 press release....