Cryptocurrency Scams

Ledger released a new offline tool called Recovery Key to help users safely restore access to their crypto wallets without using the internet. It works by tapping a secure card on a Ledger device and entering a PIN, offering a private backup option.

A scammer posed as Coinbase support and tricked over 30 users into transferring a total of $4 million in crypto to fake wallets. The fraud was carried out through phone calls and Discord chats, with funds later traced to gambling sites and linked to a man named Christian Nieves.

Telegram shut down two major Chinese-language crypto scam markets, but over 30 smaller ones quickly appeared to take their place. One of them, Tudou Guarantee, is now handling millions in daily crypto transactions and openly offers illegal services without Telegram taking further action.

Cointelegraph and CoinMarketCap were hacked through front-end attacks that showed fake airdrop pop-ups to steal users’ crypto. The scams tricked visitors into connecting wallets, letting attackers drain funds using hidden malicious code.

Cointelegraph, a crypto news platform, has been hacked to promote a ICO Airdrops and CTG Token. But as soon as users link their wallets, their funds would immediately be drained.

A Japanese crypto influencer was hacked after joining a deepfake Zoom call where a fake friend sent her a malicious link. Her Telegram and Metamask accounts were breached, leading to the theft of her crypto assets.

NY Attorney General Letitia James cracked down on a crypto fraud ring that stole millions in Brooklyn, freezing $300,000 in assets and seizing $140,000 in crypto from a Vietnam-based group targeting Russian speakers with fake ads.

A North Korean hacker group called Famous Chollima has been tricking crypto job seekers in India into installing malware through fake job ads. Victims were asked to run commands that secretly installed software to steal passwords, browser data, and crypto wallet access.

US authorities have seized $225 million in Tether linked to a global crypto scam known as “pig butchering,” which tricked over 400 victims into fake investments. The funds were traced through blockchain forensics and laundered via the OKX exchange, with the Department of Justice aiming to return the money to victims.

Hella received a call in the middle of the night that gave her the chills. Over the phone, Hella's friend sobbingly told her how she had bought a cold wallet for a discounted price through the Chinese social media app Douyin.