Solana’s Cypher Protocol Dev Confesses Stealing $300K

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Crypto Scam, Crypto theft, Cypher Protocol, SOL, solana, Solana DeFi, Solana Protocol, SOLUSDT

The Solana-based Cypher Protocol is again in the negative spotlight after one of its core developers admitted to stealing and losing over $300,000 of users’ funds. Another of the project’s developers first unveiled the news and also alerted law enforcement. Solana-Based Protocol Faces Inside Job On Monday, Cobra, one of Cypher Protocol’s developers, revealed that […]

UK Crypto Firm Shut Down After £5M Losses In Investors Money

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Crypto Firm, Crypto News, Crypto Scam, Crypto Scheme, UK crypto fraud, UK FCA, UK regulators, US SEC, US Securities and Exchange Commission

The UK government’s Insolvency Service has shut down a crypto advisory firm for accounting negligence and the loss of investors’ money. The firm seemingly claimed to help users with investments while promoting crypto schemes that resulted in millions lost. False Crypto Expert Company Shut Down On Monday, The UK’s government published a press release unveiling […]

Shiba Inu Owners, Beware: Impersonators Are Targeting Your Pack!

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Crypto News, Crypto Scam, meme coins, Shiba Inu, Shibarium

The booming Shiba Inu (SHIB) community faces a growing threat: imposters posing as prominent developers on social media platforms like Telegram. Shibarmy Scam Alerts, a watchful community group, recently exposed this deceptive tactic, urging investors to exercise caution in the face of these digital wolves in sheep’s clothing. Shiba Inu Developers Targeted: Kusama And Dhairya […]

Investor Falls Victim To $68 Million Address Poisoning Scam

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$71 million, Address Poisoning, Crypto Scam, CZ, Scammers, trader, wBTC

In a concerning turn of events, an anonymous crypto trader has lost approximately $71 million worth of assets in an address poisoning scam. This incident has roused much tension in the crypto ecosystem, underlining the need for improved safety measures. Trader Loses 1,155 WBTC To Address Poisoning Attack  According to multiple reports, an unknown trader […]

$12M Crypto Seizure: Suspect Of ZKasino Rug Pull Arrested

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Binance, Crypto exchange Binance, Crypto Fraud, Crypto News, Crypto rug pull, Crypto Scam, Dutch Police, rug pull, ZKasino

About two weeks ago, the crypto space faced another alleged rug pull. This time, the gambling platform and blockchain casino ZKasino was at the center of the accusations, with many investors claiming their money was gone. Despite the allegations, ZKasino continued to post X updates before disappearing from the public eye with investors’ money. The […]

Massive $43M Crypto Ponzi Scheme Uncovered In New York, Leading To Wire Fraud Arrest | Bitcoinist.com

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Crypto, Crypto News, Crypto regulation, Crypto Regulations, Crypto Scam, cryptocurrencies, Cryptocurrency, DeFi, digital currency, NEW York Crypto regulations, Ponzi Crypto Scam, US crypto regulation

United States Attorney Damian Williams and FBI Assistant Director James Smith announced the unsealing of an indictment charging Idin Dalpour with wire fraud concerning a multi-year crypto Ponzi scheme that defrauded investors of at least $43 million.  Wire Fraud Indictment Unveils $43M Ponzi Scheme The indictment alleges that from approximately 2020 to April 2024, Dalpour […]

Australian Prosecutors Dismiss Andrew Forrest’s Lawsuit Against Meta Over Crypto Scam Ads

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Andrew Forrest, Australian prosecutors, Crypto Scam, Facebook, META

Australian prosecutors have reportedly dropped Andrew Forrest’s lawsuit against technology giant Meta over the appearance of crypto scam advertisements with his face on Facebook. This development comes as a blow to the Australian billionaire, who is hell-bent on ensuring Meta is held responsible for allegedly allowing bad actors to promote crypto scams using his image. […]

Crypto Investigator Accuses US Law Enforcement Of ‘Borderline Harassment’

Categories
crypto hacks, Crypto News, Crypto Scam, United States Internal Revenue Service, ZachXBT

Scams and hacks have been some of the most significant issues affecting the crypto industry over the past few years. As a result, the space has seen the birth of several blockchain investigators striving to ensure the digital asset space is safe for everyone to go about their business with ease and confidence. ZachXBT, one […]

Gaming Platform Exploit Ends With $62M In Crypto Returned

Categories
Blast network, crypto hack, Crypto News, Crypto Scam, ETH, Ethereum, ETHUSDT, North Korea Cybercriminals, North Korean Crypto Attacks, weth

In the late hours of Tuesday, the crypto community saw another exploit. Munchables, the Ethereum Layer-2 NFT gaming platform, reported being compromised on an X post. The crypto heist, which momentarily stole over $62 million, took a shocking turn of events after the attacker’s identity opened a Pandora’s box. Crypto Developer Turns Hacker Yesterday, Munchables, […]

Avalanche Co-Founder Emin Gün Sirer Warns Of Risky L2 Projects – Details

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Avalanche Co-founder, avax, Crypto Scam, Emin Gün Sirer, L2 projects, L2 solutions, solana

Co-founder of Avalanche blockchain, Emin Gün Sirer, has raised an alert on the infiltration of certain layer-2 solutions, which poses risks to investors. In an X post on March 23, the Ava Labs boss expressed concerns over these “trash” projects while educating users on several of their common characteristics. Hey y’all, We all ignored the […]

Crypto Heist Alert: Myanmar Company Under Probe For Over $100 Million Theft – Report

Categories
Chainalysis, Crypto Scam, Myanmar, News, Tether

A joint investigation by Chainalysis, a crypto analytics firm, and International Justice Mission (IJM), an anti-slavery group, has uncovered a disturbing crypto scam operating out of Myanmar. The investigation alleges that a single company in Myanmar raked in a staggering $100 million over two years through a scheme known as “pig butchering,” the Financial Times […]

MicroStrategy X Account Hacked In Elaborate Ethereum Token Scheme – Details

Categories
Crypto News, Crypto Scam, Ethereum, michael saylor, MicroStrategy, News, X

The crypto community is once again on high alert after hackers compromised the official X account (previously known as Twitter) of business intelligence firm MicroStrategy. The attack, which took place on Monday morning, involved the distribution of malicious links promoting a fake airdrop of a non-existent “MSTR” token based on the Ethereum blockchain. Unwary users […]