scam Archives - Page 2 of 3

March 3, 2025
Crypto News, Finance

US Authorities Push to Reimburse Crypto Scam Victims with $8.2M in Seized Funds

The United States Attorney’s Office in Ohio has filed a motion to forfeit and redistribute millions in seized cryptocurrency to victims who were defrauded in a fake investment scheme....

February 27, 2025
Blockchain, Crypto News

FBI: North Korea-Backed Lazarus Group Behind $1.5 Billion Bybit Heist

The Federal Bureau of Investigation (FBI) has officially confirmed that North Korea-backed cybercriminals, specifically the Lazarus Group, orchestrated the recent $1.5 billion exploit on cryptocurrency exchange Bybit. North Korea’s...

February 26, 2025
AI, Crypto News

AI ‘Girlfriend’ Convinces Shanghai Man to Hand Over $28,000 in Elaborate Scam

A Shanghai man has fallen victim to an elaborate AI-generated romance scam, losing nearly 200,000 yuan ($28,000) after being tricked into a long-distance relationship with a fake online partner,...

February 25, 2025
Blockchain, Crypto News

Bybit Hacker Cashes Out $250M in ETH, Still Controls More Than Ethereum’s Founder

The Bybit hacker has successfully laundered 100,000 ETH, worth approximately $250 million, just four days after executing one of the largest cryptocurrency heists in history. Despite these transfers, the...

February 23, 2025
Crypto News

Javier Milei Under Fire for Alleged Cryptocurrency Fraud in Argentina

Argentina’s President Javier Milei is under scrutiny as a federal judge has been assigned to investigate his involvement with the $LIBRA cryptocurrency, following allegations of fraud. The controversy erupted...

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....