Cryptocurrency Scams

Singer and rapper Kanye West has officially disassociated himself with the recent YZY memecoin which quickly surged and collapsed in a matter of days.

Over the weekend, a spree of fake tokens inspired by soccer legend Cristiano Ronaldo began spreading online after rumours started that the soccer star was preparing to launch a token called CR7.

Taylor Thomson, wealthy heir of the giant media empire Thomson Reuters,is locked in a high-stakes legal battle with her former best friend, Ashley Richardson, after losing more than $80 million in cryptocurrency investments.

Coinbase, the world’s third-largest cryptocurrency exchange in the world is stepping up its security and blocking North Korean hackers from entering into their office.

A South Korean man was arrested in Bangkok for allegedly laundering over $50 million in cryptocurrency into gold bars through a call centre scam. Thai authorities have also detained ten others linked to the scheme as investigations continue into cross-border crypto crimes.

South Korean prosecutors are pushing for a three-year jail term for actress and former singer Hwang Jung-eum, accusing her of embezzling billions of won from her own entertainment agency to fund crypto purchases.

UK police are investigating a sophisticated phishing scam where the criminal posed as a senior UK Law enforcement officer stole £2.1 million worth of bitcoin, according to the North Wales Police Cyber crime team.

A federal magistrate in Texas has recommended dismissal of YouTuber Logan Paul from a proposed class-action lawsuit concerning the failed NFT venture CryptoZoo

Vietnamese authorities have dismantled what they claim is the nation’s largest-ever crypto fraud operation, following the arrest of the ringleader behind a multibillion-dollar Ponzi scheme built around the digital token Paynet Coin (PAYN).

Scammers are targeting crypto investors again by pretending to be law firms that can recover lost funds. The FBI warns victims to be cautious, as these fake firms ask for payments in crypto or gift cards and use personal details from previous scams to appear credible.