crypto scams
Fugitive foreigner sentenced in the U.S. to 20 years for $73 million crypto scam
A U.S. judge sentenced Daren Li to 20 years for a $73 million crypto fraud. The scam used Cambodia-based compounds to target victims via social media and dating apps.
Crypto analytics firm Chainalysis says impersonation, AI crypto scams stole $17 billion last year
Scams and fraud against individuals are increasing and if the trend continues, they could soon surpass crypto stolen via cyberattacks, Chainalysis said.
DOJ Ties Kansas Bank Collapse to $225 Million 'Pig Butchering' Seizure
Shan Hanes, the former CEO of Heartland Tri-State Bank, wired millions in embezzled funds to scammers who promised crypto riches and was arrested in 2024. Now, a DOJ complaint shows he was the single largest victim in a global "pig butchering" USDT laundering network.
FBI Says Americans Lost $9.3B to Crypto Scams in 2024
An IC3 report shows crypto investment fraud ballooned, with over $2.8 billion lost by victims aged 60 and older. Total losses hit $9.3 billion after rising 66% year-over-year.
Nigeria Arrests Almost 800 Over Crypto Scams: Reuters
Nigeria has been clamping down on illegal activity regarding crypto in the country.
Chainalysis Exec on How Bad Actors Scammed $2M From Ethereum Merge
Chainalysis Cybercrimes Research Lead Eric Jardine discusses how bad actors were able to take advantage of the Ethereum merge and drain $2 million from the ecosystem in and around the merge date. It was a "classic scam setup," Jardine said. "A 'doubling your money for free' type approach."
Read 'em and Weep: Five Crypto Influencers Who Dealt Their Followers a Bad Hand
From fantastic price projections to paid project promotion without full disclosure, these crypto influencers played a losing game, dealing crypto recommendations that may have hurt their millions of followers.
Crypto Investment Scams Fall With Market Downturn, but DeFi Hacks Surge: Report
Crypto investment scams are down along with the rest of the market, Chainalysis Director of Research Kim Grauer tells “First Mover,” citing macroeconomic headwinds and law enforcement actions. But, at the same time “the hacking of DeFi protocols is way up,” she explains.
Crypto Criminal Activity Falls With Rest of Market: Chainalysis
Chainalysis Director of Research Kim Grauer discusses why crypto scams are receding this year amid the latest market downturn. Plus, a closer look at how retail investors are responding to bad actors in the sector.
