20 | Latest Cryptocurrency News, Bitcoin & Crypto Updates 2025

This Is How Fake S Korean Bitbuy Crypto Exchange Scammed Investors

South Korean police have swooped on the operators of what they say was a scam crypto exchange that sucked in 12,000 victims – after claiming investors could use it to make compound interest gains of a whopping 0.5% every eight hours.Per Herald Kyungjae, the firm posed as a South Korean...

, by Tim Alper

Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities

Reports from Chinese provincial law enforcement agencies appear to show that crypto crime is still on the up – despite a nationwide crackdown on crypto and mining exacted in September this year.According to Xinmin, counterfeit currency-related crime is “declining significantly” in...

, by Tim Alper

SQUID Token Rising Again Despite Earlier Collapse, Binance Investigation

The price of squid game (SQUID), a token widely suspected of being a rug pull or a form of exit scam, is once again on the rise, with triple-digit percentage returns seen in the past 24 hours.Based on an alleged play-to-earn game with the same name as a popular series on Netflix, the SQUID token...

, by Fredrik Vold

German Trial Reveals OneCoin Cryptoqueen’s USD 18.2M London Penthouse

As the German lawyer of Ruja Ignatova, the creator of the notorious OneCoin Ponzi scheme, is on trial in Germany on money laundering charges, the legal proceedings have shed some light on her assets including the purchase of a luxury London penthouse. Before vanishing off the face of the earth...

, by Jaroslaw Adamowski

Crypto Scams that Rocked Asia to the Core, Part 3: iFan and Pincoin

Asia has been through more than its fair share of nasty crypto scam dramas, from the Mt. Gox scandal right through to 2021 and its plethora of AI-powered fraudsters.In part 3 of a three-part series, Cryptonews.com looks at just a few of the continent’s most infamous instances of crypto...

, by Tim Alper

SQUID Token Collapses as Developers ‘Overwhelmed with Stress’

A token known as SQUID, based on an alleged play-to-earn game named after Netflix’s drama series Squid Game, has crashed to near zero after a massive pump last week. Meanwhile, the team behind the token, which raised multiple red flags, is throwing in the towel, saying they are...

, by Fredrik Vold

AnubisDAO Points at ‘Critical Mistake’ After Losing USD 60M of Investors Money

Investors in AnubisDAO, a relatively new DeFi project which was promoted as a fork of OlympusDAO, have lost USD 60m due to one “critical mistake,” an anonymous person behind the project claims.AnubisDAO launched on Thursday and managed to raise ETH 13,256 (USD 58m today) using Copper,...

, by Ruholamin Haqshanas

‘Kimchi Premium Fraud Ring’ Busted in South Korea

The South Korean police have arrested three people it claims orchestrated a major crypto fraud ring that told investors they could take advantage of the so-called “kimchi premium.”Per NoCut News, the alleged scam’s center of gravity was the North Jeolla Province, in the southwest...

, by Tim Alper

Someone Is Using Netflix’s Squid Game to Pump Token With Multiple Red Flags

A token promoted as a play-to-earn token by the name squid game (SQUID) is getting the attention of the cryptoverse and mainstream media, after seeing a continuous, and rather unnatural, rise in price since its launch earlier this week. However, a quick look at the token’s website brings...

, by Fredrik Vold

Crypto Scams that Rocked Asia to the Core, Part 1: BitConnect

The rise of crypto has brought along a pretty unpleasant and unwanted passenger. As bitcoin (BTC) and major altcoins have had their time in the sun, an unsavory customer has tagged along for the ride – the crypto scammer.After the very early years of crypto, Asia became the first real center...

, by Tim Alper

Another Altcoin Scam Teaches Inexperienced Investors & Influencers a Lesson

A fake food delivery platform named Crypto Eats has robbed its users of some USD 500,000 before disappearing off the face of the earth, leaving behind t-shirts and promotional merchandise, and the puzzled participants of its London launch party.The scam resurfaced among discussions by a number of...

, by Jaroslaw Adamowski

NFT Project ‘Evolved Apes’ Developer Disappears with USD 2.9M

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, by Fredrik Vold

Bitcoin.org Attacked by ‘Double Your Bitcoin’ Scammers

Bitcoin.org, a popular Bitcoin (BTC) resource that had 1.7m visits in August, has apparently been attacked by crypto scammers. The website is now not available.A message on the website now claims that "The Bitcoin Foundation is giving back to the community" and uses the old tactics to deceive...

, by Linas Kmieliauskas

Ethereum Fraudster Sentenced to 2.5 Years Behind Bars

An ethereum (ETH) con artist has been sentenced to two and a half years in prison in South Korea – after being convicted of masterminding a scam promising investors returns of “hundreds of times” their initial stakes.Per Yonhap and the Kyoungsang Ilbo, a court in the South...

, by Tim Alper

SEC Hits BitConnect Founders, Promoters with Fresh Fraud Wrap

The US Securities and Exchange Commission (SEC) has dredged up the ghost of the discredited crypto scam BitConnect, and will look to prosecute its alleged masterminds for selling fraudulent and unregistered securities – amounting to a total of USD 2bn.The SEC issued a notice explaining that...

, by Tim Alper

Man Fakes Own Kidnapping and Runs Off with USD 1.15M in Clients’ Bitcoin

The head of the biggest police agency in Venezuela says that a crypto go-between appears to have faked his own kidnapping as part of an audacious bid to disappear with some USD 1.15m worth of his customers’ bitcoin (BTC) funds.Per El National and an Instagram post from Douglas Rico, the head...

, by Tim Alper

# Scam (Page 20)

Cryptonews in numbers