Crypto Fraud

Binance users are reporting targeted SMS phishing scams mimicking official alerts. The messages likely exploit leaked user data and uniform formatting to deceive recipients. In response, Binance has extended its Anti-Phishing Code to SMS, urging users to verify messages and report suspicious activity.

The scammers employed a recurring strategy, initially targeting victims by posing as investment managers, only to later reappear as Europol agents promising to recover the stolen funds—for a fee.

The Busan District Court sentenced the leader of a $416K crypto fraud to 4.5 years in prison, with shorter terms for his two accomplices. They deceived investors with false claims of a 30% monthly return algorithm, exploiting their crypto ignorance.

Blockchain investigator ZachXBT reports over $46 million lost to phishing scams targeting Coinbase users in two weeks, including a single 400 BTC theft worth $34.9 million. With tactics like address poisoning and wallet spoofing on the rise, will losses keep growing?

SBF was moved to an Oklahoma prison to serve his 25-year sentence after secretly recording an interview with Tucker Carlson under the guise of a legal call. Prison officials placed him in solitary and may impose further penalties. With his pardon chances already slim, could this seal his fate?

Indonesian authorities are investigating a cryptocurrency scam where victims were tricked into transferring large sums to bank accounts, including those linked to Bank Central Asia (BCA). BCA has responded by pledging full cooperation with law enforcement and urging customers to stay vigilant against fraud.

South Korea has pressured Google Play to block 17 foreign crypto exchanges, including KuCoin and MEXC, to protect local investors and enforce strict regulations on unregistered platforms.

The Chinese couple behind the $17.7M was arrested in their luxury villa in Pattaya, Thailand. It turns out the boyfriend was already a wanted criminal by the interpool...

The T3 Financial Crime Unit froze $9 million from the $1.4 billion stolen in the Bybit hack, believed to be carried out by North Korean hackers. for information leading to asset recovery.

Gotbit founder, Aleksei Andriunin, could escape decades of prison time following a plea deal he is trying to strike with the U.S federal prosecutors, which involves the forfeiting of $23 million in crypto.