Cryptocurrency investigator ZachXBT has unearthed a connection between a notorious crew involved in fraudulent activities and the emerging cryptocurrency project known as Leaper Finance. This discovery comes amidst growing concerns over the security and integrity of digital finance platforms, particularly in the wake of multiple high-profile scams that have rocked the industry. Cryptocurrency’s Dark Side: […]
The crypto industry is perpetually vulnerable to malicious activities, with hackers seemingly relentless in their pursuits. It’s been only two months into 2024 and crypto scams are already making their appearance. According to blockchain auditor CertiK, crypto hacks and scams led to over $160 million in losses in February alone. Although this figure saw a […]
Federal investigators had confiscated $9 million worth of crypto connected to a Silicon Valley-based cyber scam group that had taken advantage of over 70 victims, the US Attorney’s Office for the Northern District of California disclosed on Tuesday. The intercepted funds were in the form of stablecoin Tether which is pegged to the U.S. dollar, […]
Three individuals find themselves at the center of a complex crypto scam, accused of defrauding New York banks of more than $10 million. In a statement released by US Attorney Damian Williams on Thursday, the trio – Zhong Shi Gao, Naifeng Xu, and Fei Jiang – is alleged to have exploited the financial system between […]