One of the most popular individuals in the crypto world (and not for good reasons), Ruja Ignatova, also known as the “Cryptoqueen,” is the founder of the fraudulent scheme OneCoin, which embezzled over $4 billion from victims. Ignatova is considered the mastermind of the scam, but her whereabouts have remained unknown since she was last…
Nick Neuman, the CEO of Bitcoin storage solutions provider Casa, recently shared an encounter with a phishing scammer impersonating Coinbase support to steal from high-value cryptocurrency holders. In a November 20 post on X, Neuman described how he played along during a call to uncover the depth of the scheme. Preying on Wealthy Crypto Holders…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Phishing scams in the crypto world have escalated, with scammers reportedly earning tens of thousands of dollars weekly by impersonating Coinbase support and exploiting leaked data. Recent revelations highlight their focus on high-ranking executives, including CEOs, CFOs, and software engineers, often targeting individuals with significant crypto holdings. The schemes…
TL;DR Scammers are impersonating SHIB developers to promote fake tokens. Users are cautioned to verify sources and avoid sharing personal info. Fraudsters exploit the Shiba Inu community due to its large, active base, especially during market rallies. ‘Urgent Shibarmy Alert’ Shibarium Trustwatch – an X account dedicated to exposing scams in the Shiba Inu ecosystem…
South Korean authorities have arrested 215 individuals in connection with a massive cryptocurrency investment scam worth an estimated 325.6 billion won – around $232 million. The arrests, led by the Anti-Corruption and Economic Crime Investigation Unit of the Gyeonggi Southern Provincial Police, involve employees of a fraudulent investment consulting firm and its founder, who happens…
November 12, 2024 at 07:48 PM GST updated: November 12, 2024 at 07:07 PM 2 mins read News Waves and Vires Finance defrauded users of $500M through manipulative schemes and deceptive governance actions. Sasha Ivanov used $USDN to artificially pump $WAVES, causing massive losses and triggering a market collapse. The final rug pull by Sasha…
TL;DR The Shiba Inu team warned of scammers promoting a fake Treat token. Wrongdoers also target Shiba Inu community members on Telegram with fraudulent airdrops and impersonation schemes designed to steal personal data or funds. The ‘Misleading Tactics’ Shiba Inu – the self-proclaimed Dogecoin killer – has a vast community of holders, proponents, and developers….
A high-profile Russian influencer, popularly known as the “Queen of Crypto,” is under scrutiny for allegedly defrauding investors out of $22 million. According to various reports in the Russian press, Valeria Fedyakina, who made a name for herself as “Bitmama,” is accused of operating a pyramid scheme that ensnared multiple victims in only two months….
Grant Colthup, the former CEO of ACCE Australia, is facing a single fraud charge following an investigation by the Australian Securities and Investments Commission (ASIC). Colthup, who appeared in the Magistrates Court at Ipswich, Queensland, was charged with embezzling $1.47 million (2.2 million Australian dollars) from a customer. $1.5M Bitcoin Payment Goes Missing From May…
The cryptocurrency sector comprises various legitimate projects and innovations but is also rife with fraudulent schemes. One such scam reportedly pocketed billions of euros from its unsuspecting clients after using popular football players as backers. Painful Losses Following the Footballers’ Involvement El Diario – a Spanish digital newspaper known for its investigative journalism – recently…
A sponsored Google ad claiming to promote Sony’s blockchain project, Soneium, has been exposed as a crypto wallet drainer. This incident adds to the growing threat of wallet drainers that have plagued the crypto space. Google Ad Scam Targets Soneium’s Users In a post shared on October 22 via X by blockchain security firm Scam…
The Hong Kong Police Force (HKPF) has dismantled a massive cross-border fraud operation that used deep fake technology to con men into phony cryptocurrency investments. The scam targeted men through fake online romances, with the victims reportedly being conned out of approximately $46 million. 27 Arrested in Raid on Fraud Center Local media reports revealed…
On October 15, 2024, Juan Tacuri, a senior promoter of the cryptocurrency Ponzi scheme Forcount, was sentenced to 20 years in federal prison and one year of supervised release. The Florida resident was also ordered to forfeit a home bought with scam proceeds, $3.6 million in assets, and pay an equivalent amount in restitution to…
Hong Kong police have dismantled a notorious fraud syndicate responsible for defrauding victims of HK$360 million using romance scams tied to fake cryptocurrency platforms. Arresting 27 individuals, some linked to triads, they revealed the sophisticated use of deepfake technology and digital media expertise to deceive victims across Asia. Massive Fraud Syndicate Busted: Deepfake Romance Scams,…
Chirag Tomar, a 31-year-old Indian citizen, was sentenced to five years in federal prison for orchestrating a cryptocurrency fraud scheme that defrauded hundreds of victims out of more than $20 million. U.S. District Judge Kenneth D. Bell handed down the sentence, which also included two years of supervised release. Scammers Imitate Coinbase to Steal Millions…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 German national Horst Jicha, who stands accused of orchestrating a $150 million cryptocurrency fraud, has gone missing while out on a $5 million bond. Jicha, who had been under house arrest in New York City, disappeared on October 3 after his ankle monitor mysteriously stopped transmitting, leaving authorities scrambling…
Three crypto companies and 15 individuals have been charged with extensive fraud and market manipulation. This follows an unprecedented investigation by the US Federal Bureau of Investigation (FBI), which involved creating a new digital token to help expose criminal activity in the sector. Federal prosecutors in Boston announced charges against Gotbit, ZM Quant, and CLS…
An 86-year-old former attorney, David Kagel, has been sentenced to five years of probation for organizing a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors out of nearly $15 million. The judgment, filed on October 8 in a Las Vegas federal court, also requires him to pay $14 million in restitution to his victims. $15M Crypto…
U.S. authorities, including the Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ), have charged Gotbit and four other crypto firms with widespread market manipulation. The charges also roped in several individuals who worked for the offending organizations. Market Makers Accused of Running Wash Trading Scheme According…
A recent cyberattack has led to an unsuspecting crypto investor reportedly losing 15,079 fwdETH, worth roughly $36 million. In the incident, described by security experts as a permit phishing scam, the bad actor tricked the user into unknowingly signing a malicious signature, which gave the thief full access to the individual’s funds. How it Happened…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Southeast Asia has emerged as a hotspot for financial innovations like crypto as the digital frontier expands. However, behind the scenes, a darker reality looms. The United Nations Office on Drugs and Crime (UNODC) urges the region to take a hard stance against Virtual Asset Service Providers (VASPs) that…
Cardi B, took to her X account to promote a new meme coin named after her iconic track. However, there have been concerns surrounding the promotion, with security experts suggesting the account may have been compromised. Cardi B Shares $WAP Video The rapper, who has been in the news lately after claims emerged that she…
Call centers avoid targeting Americans because they didn’t want the FBI after them Australians are targeted because the AFP is less likely to go after the scammers A former call center worker in Ukraine said Australians were targeted in crypto scam calls because they were perceived as “easy prey.” As a new migrant to Ukraine,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Evan Frederick Light, an Indiana resident, has pleaded guilty to crypto crime and charges of wire fraud conspiracy and laundering monetary instruments. Light gained unauthorized access to an investment firm’s servers, stealing over $37 million worth of cryptocurrency from nearly 600 victims, according to the United States Department of…
WalletConnect has warned crypto users about a fake app previously available on the Google Play Store. In a September 29 post on X, the organization behind the open-source protocol that enables secure connections between crypto wallets and decentralized applications (dApps) said the offending app has since been removed from Google Play, but not before it…
Market News Decentraland’s X account was compromised in a phishing attack. PeckShield warns users to avoid interacting with the compromised account. On September 19, PeckShield, a blockchain security firm, reported that the official Decentraland X account had been hacked. Attackers are now circulating a phishing link disguised as a MANA token airdrop. This deceptive link…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The U.S. Securities and Exchange Commission (SEC) has taken its first decisive step against a growing crypto scam trend known as “pig butchering.” On September 17, the SEC filed lawsuits against five entities and three individuals connected to the fake exchanges NanoBit and CoinW6. These platforms are accused of…
September 14, 2024 at 06:28 PM GST updated: September 14, 2024 at 04:45 PM 2 mins read News Binance fights Clipper malware, which alters crypto withdrawal addresses, causing significant user losses since August 2024. Clipper malware intercepts clipboard data, redirecting funds to attackers’ wallets; Binance is actively blacklisting and monitoring. To combat Clipper malware, Binance…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Binance has taken action against a sophisticated malware called “Clipper,” which is targeting cryptocurrency users. This malicious software intercepts clipboard data, replacing wallet addresses copied by users during transactions. The result is that funds intended for legitimate recipients are diverted to addresses controlled by cybercriminals, putting user funds at…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The U.S. Commodity Futures Trading Commission (CFTC) is stepping up its efforts to fight cryptocurrency fraud by forming partnerships aimed at educating the public on common scams in the digital asset space. The initiative will focus on raising awareness about long-term fraud schemes, such as “pig butchering,” which has…
The person behind 2023’s Euler Finance hack has congratulated the Penpie exploiter after the latter moved the bulk of the funds they stole to Tornado Cash. The Penpie thief transferred the money even as the decentralized finance (DeFi) platform pleaded for the funds to be returned in exchange for a bounty. The $27M Penpie Protocol…
Last month, the crypto space experienced $313 million in losses due to over ten different hacks. Of the total stolen funds, 93.5% were lost in two large phishing attacks that occurred during that time. August Cases According to a post by blockchain security firm PeckShield, the two incidents combined for a loss of about $293.4…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 CertiK, a blockchain analytics firm, has shocked the ecosystem with its latest crypto scam report. It was revealed that the broader crypto market experienced a significant loss of $310 million in August 2024 alone. Sadly, only $10.3 million was recovered from the total losses, leading to a net loss…
Australians reportedly lost at least AUD 180 million (approximately $122 million) to cryptocurrency investment frauds over the past year. Victims under 50 now make up around 60% of scam reports, overtaking older Australians, who are typically considered more vulnerable to such projects. Crypto-Based Investment Scams in Australia The data, gathered by the Australian Cyber Security…
The U.S. Securities and Exchange Commission (SEC) has brought charges against two brothers for running a $60 million Ponzi scheme. Notably, the complaint was filed on August 26 in the United States District Court for the Northern District of Georgia in Atlanta. SEC Freezes Assets in Scam According to the regulator’s filing, Jonathan Adam and…
The X account of French football star Kylian Mbappe was reportedly hacked on August 29, with the attackers posting multiple messages promoting a suspicious cryptocurrency named ‘$MBAPPE.’ The posts, which also included opinions on contentious topics such as the Israel-Palestine conflict, caught the attention of many, leading to significant financial losses for some. Investor Loses…
In recent months, a troubling trend has emerged in the world of crypto crime. According to the latest Chainalysis report shared with CryptoPotato, there has been a significant increase in China-based vendors involved in distributing child sexual abuse material (CSAM). The report sheds light on a sharp rise in CSAM networks operating from China and…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Australians have been defrauded out of $122 million through cryptocurrency scams over the past year, according to a report by the Australian Federal Police (AFP) released on August 28. The report highlights a growing trend of younger victims, with nearly 60% of those affected being under the age of…
A former Kansas bank executive was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme that led to the collapse of Heartland Tri-State Bank (HTSB). Shan Hanes, 53, the former CEO of HTSB, pleaded guilty to one count of embezzlement by a bank officer. $47M Crypto Fraud Court…
Binance announced that it has prevented over $2.4 billion in losses from potential scams and fraudulent activities that could have impacted more than 1.2 million users from January to July 2024 owing to its risk management measures. According to the official press release shared with CryptoPotato, Binance employs an internal risk engine that provides 24/7…
Arizona Attorney General Kris Mayes has issued a warning about the rising threat of cryptocurrency scams targeting vulnerable individuals, especially seniors. These scams include fraudulent investment schemes, impersonation of businesses or government entities, and blackmail, exploiting the public’s lack of cryptocurrency knowledge. Mayes urged residents to verify suspicious claims, avoid sharing personal information, and report…
On Tuesday, a cryptocurrency whale suffered a loss, with approximately $55.4 million worth of Dai stablecoin stolen in a phishing attack. According to the blockchain security firm CertiK, the attacker likely used a phishing tool known as Inferno Drainer to gain access to the whale’s externally owned account (EOA). Inferno Drainer Phishing Attack The incident…
Crypto exchange Binance says it has protected over $2.4 billion from scams and fraudulent activities this year, safeguarding more than 1.2 million users worldwide. The exchange’s AI-driven and manual risk management system identified and blocked suspicious transactions, particularly during crypto withdrawals, where $1.1 billion in scam-related activities were thwarted, Binance explained. $2.4 Billion Saved, Says…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Australia’s financial markets regulator, the Australian Securities and Investments Commission (ASIC), has revealed a major crackdown on crypto scams over the past year, dismantling over 600 fraudulent schemes. On August 19, ASIC noted the growing sophistication of crypto fraudsters, who are increasingly leveraging artificial intelligence (AI) to deceive unsuspecting…
The Australian Securities and Investments Commission (ASIC) announced today that it has dismantled over 600 cryptocurrency scams in the past 12 months. This announcement comes as ASIC marks the first anniversary of its investment scam disruption initiative, revealing that more than 7,300 phishing and fraudulent websites have been taken down over the past year. Australians…