Scammers Put Gate.io users at Risk as Exchange’s Twitter Account Gets Hacked
Gate.io hacked Twitter account appears to be promoting a fake giveaway of 500,000 USDT, putting users at risk of losing funds. A hacker from unknown origin has taken over crypto…
British Army Recovers Twitter & YouTube Accounts following Crypto Scam Hack
The British Army became the latest victim of crypto scams engulfing the market after hackers breached its YouTube and Twitter accounts on July 3. Despite regaining control, the army’s accounts…
BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B
A U.S. grand jury indicted Satish Kumbhani, the founder of BitConnect, orchestrating a fraud scheme that siphoned approximately $2.4 billion from investors, according to the Department of Justice. The 36-year-old…
Chinese Police Arrests Masterminds, Seizes $8.46M in Crypto Connected to Online Pyramid Scheme
Chinese police officers, specifically those operating from the Pingchuan Branch of the Public Security Bureau of Baiyin City, Gansu Province have cracked a case involving a pyramid scheme that was…
Animoca Brands to Cover Losses of Recent Scam Victims
Hong Kong-based Animoca Brands released a statement saying that the company will cover the losses of those who fell victim to an online scam on November 19. Further details about…
Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets
Tagged as the largest cryptocurrency scam on American soil, the BitConnect fraud scheme siphoned more than $2 billion from investors before going underground in January 2018. Victims might feel relieved…
Russian Hackers Hijack YouTube Channels to Broadcast Crypto Scams: Google
Search engine giant Google has made a series of claims, accusing Russian hackers of hijacking YouTube channels for malicious purposes. Per a recent blog post shared by the Threat Analysis…
Bitcoin.org Hacked, Showing Sign of “Double Return Bitcoin” in Gift Scam
Bitcoin.org, a peer-to-peer (P2P) and open-source platform focused on bitcoin development was hacked this Thursday morning by showing bitcoin's giveaway activities. Starting at about 05:44 UTC on Thursday, a sign of…
Top Finiko Crypto Pyramid Executive Arrested In Russia’s Tatarstan
A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto…