Scams
How a fake AI supercomputer stole $24 million from hundreds of crypto investors
A federal jury convicted Brent Kovar over a $24 million Profit Connect scheme involving at least 400 investors.
Liam 'Akiba' Wright 3 min read
Scams News
Stay alert with crypto scam news, fraud warnings, phishing cases, rug pulls, and investigations into bad actors across the industry.
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Top Scams Stories
Scams
AI scammers no longer need to hack your wallet if they can convince you to use it for them
Deepfake losses have surged past 2025 levels as crypto fraud shifts from code exploits to manipulated authorization.
Scams
How 4,200 malicious smart contracts tricked 5,700 victims into signing away their crypto
The unpeer-reviewed study links 4,224 contracts to 5,742 victim addresses, while its Avalanche count and collection cutoff conflict.
Latest Scams News & Analysis
Legislation
Louisiana just armed crypto ATM users with a legal cheat code to demand full refunds from unlicensed operators
Act 482 takes effect Aug. 1, while clearly disclosed document requests can reset the 90-day payment clock.
Wallets
Apple’s App Store promoted fake Bitcoin wallet that stole $1.8M after developer spent a year warning them
A $1.8 million Bitcoin lawsuit adds to a wider pattern of wallet impersonators reaching users despite Apple’s screening controls.
Outage
Two Ethereum bridges lose $31.7M within hours as third protocol halts staking
About $31.69M in combined bridge losses and B²'s July 22 staking suspension reveal three distinct control failures.
Crime
US targets $26.4 million in five crypto scam cases as DOJ says $800 million recovered
Five civil-forfeiture filings show how authorities can restrain crypto before suspects are identified, while victim repayment remains a separate and unresolved process.
Mining
380 investors face Bitcoin mining losses after alleged $22M US scheme put just 13% into mining
More than 380 investors supplied the funds, while court approval, penalties and any recovery remain unresolved.
Crime
Crypto investor charged with using 8 companies and new investor cash to keep an alleged $20M fraud alive
Prosecutors say eight entities were used as investor funds moved through financial institutions and crypto exchanges, with new money repaying earlier investors.
More Scams News Headlines
Gaming
Crypto malware in 8 Steam games steals tokens after leaving trail to Uber Eats deliveries
Wallets
Robinhood Chain tokens are reportedly vanishing from wallets causing buyers to lose funds
Crime
One crypto wallet tied to a 20-year-old fraudster processed over $122M before Interpol closed in
Crime
