TL;DR U.S. prosecutors have charged a Vietnamese nationwide with cash laundering tied to alleged cryptocurrency “pig butchering” schemes. Prosecutors say wallets managed by the defendant acquired roughly $53.3 million linked to fraud schemes concentrating on U.S. victims. One sufferer allegedly transferred about $16 million after being directed to a faux crypto funding platform. U.S. prosecutors…
Security researchers say Google’s advert platform has been weaponized for over a 12 months, with menace actors operating pretend sponsored hyperlinks that funnel unsuspecting crypto customers to phishing websites designed to empty their wallets. How The Attack Works The scheme targets individuals looking for Uniswap, the decentralized change, by putting fraudulent advertisements above the authentic…
Wu Blockchain reports that Kelp DAO has suffered an enormous cross-chain exploit that drained roughly 116,500 rsETH, valued at practically $292 million. The incident raises contemporary considerations in regards to the protocol’s safety, coming lower than a 12 months after a earlier disruption tied to a wise contract bug Kelp DAO Response Prevents Additional Exploit…
A US courtroom has sentenced the CEO of Bitcoin buying and selling agency, Praetorian Group International (PGI), to twenty years in jail after convicting him of working a large-scale Ponzi scheme. The fraudulent funding platform, which falsely claimed to generate income by means of cryptocurrency buying and selling, misappropriated substantial capital from tens of hundreds…
The Nigerian Securities and Exchange Commission (SEC) is sustaining an intense give attention to the native cryptocurrency business, as indicated by latest developments. While introducing minimal capital necessities for beforehand unregulated digital asset service suppliers (VASPs), the securities regulator has additionally fashioned an alliance with the Nigeria Police Force (NPF) towards cryptocurrency fraud, amongst different…
Decentralized finance protocols are more and more stepping again from public Discord servers, arguing {that a} platform as soon as central to crypto neighborhood constructing has changed into a safety threat that’s more durable to justify as the sector matures. The shift moved into sharper focus this week after Morpho, a serious DeFi lending protocol,…
A just lately ratified regulation within the state of Louisiana has helped seniors get well $200,000 following a Bitcoin ATM-related rip-off operation. This improvement represents a advantageous instance of presidency defending customers’ pursuits even whereas encouraging digital asset adoption. Louisiana Law Presents Major Hurdle For Crypto Scammers According to a report by native media 7KPLC,…
Phishing losses fell drastically in 2025 by over 83% in comparison with the earlier 12 months. However, the underlying knowledge present that decreased figures don’t translate to a decline in safety threats. Crypto Phishing Losses Down From $494M To $84M In 2025 A phishing assault happens when an unsuspecting consumer is tricked into giving up…
Crypto-related losses from hacks and cybersecurity exploits fell sharply in December, dropping 60% month-on-month to about $76 million, in accordance to blockchain security firm PeckShield. Key Takeaways: Crypto hack losses fell 60% in December to $76 million, marking a pointy drop from November’s ranges. A single deal with poisoning rip-off accounted for $50 million of…
The Brooklyn District Attorney’s Office, Kings County, has charged a person for allegedly defrauding $16 million from unsuspecting people by posing as a Coinbase consultant. The elaborate rip-off, which reportedly ran from April 2023 to December 2014, resulted in about 100 victims, 70 of whom had been interviewed over the course of the investigation. Brooklyn…