Cambodian Huione Group Received $98B in Crypto Leading to U.S. Crackdown: Elliptic
The group rolled out its own stablecoin in January to avoid traditional currency restrictions.
Scams
Elon Musk X crypto scam alert
During the first quarter (Q1) of 2025, cryptocurrency traders lost more than $1.7 billion in various digital asset hacks and … Continue reading
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Crypto Scam Revenue From ‘Pig Butchering,’ AI Schemes Likely Grew in 2024, Chainalysis Reports
Fraudsters raked in at least $9.9 billion and possibly as much as $12.4 billion with their methods becoming more “professionalized.”
What to Know about Cryptocurrency and Scams
To steer clear of a crypto con, here are some things to know. Only scammers demand payment in cryptocurrency. That’s always a scam. No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. Don’t trust people who promise you can quickly. Easily make money in the crypto […]
Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs
Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.
Indian Court Orders Scam Websites Using Crypto Exchange Mudrex’s Name to Be Taken Down
Indian cryptocurrency exchange Mudrex won a court order telling the country’s Ministry of Communication to take down as many as 38 websites that were exploiting the company’s name to carry out scams.
Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year
The cypro scams amounted to about 9% of the total fake investment platforms taken down in the first year of its investment scam disruption program.
Cambodian Payments Firm Received $150K From North Korean Hackers Lazarus Wallet: Reuters
The crypto was stolen by Lazarus hackers from three crypto companies in June and July last year.
Be Warned, AI Crypto Scams Are on the Rise
A recent Elliptic report found five ways AI is being used to rob crypto users.
Coinbase, Kraken, Others Form Coalition to Tackle ‘Pig Butchering’ Scams
The coalition also includes prominent crypto companies Ripple and Gemini, as well as Meta and Match Group, the parent company of dating apps Tinder and Hinge.