$4.6B Lost to Crypto Scams as AI Deepfakes Lead the Charge: Report
According to a new research report co-authored by Bitget, SlowMist, and Elliptic, over $4.6 billion was lost to scams in 2024 alone, a 24% increase from the previous year. Deepfake…
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Watch Out: Shiba Inu (SHIB) Users Should Stay Alert for This Dangerous Scam
TL;DR Bad actors have exploited а recently introduced platform part of the Shiba Inu ecosystem to deceive unsuspecting users. Not long ago, the ShibArmy was also warned to stay away…
$2.1B Stolen in 2025: Wallet Compromises Eclipse All Other Crypto Attack Vectors
Hackers in the cryptocurrency space are shifting their focus from traditional smart contract flaws to manipulating individuals through social engineering tactics, as per Web3 security firm CertiK. The company reports…
Important Warning Concerning Shiba Inu (SHIB) and Coinbase Users: Details Here
TL;DR Fraudsters are increasingly targeting crypto users with sophisticated tactics, blending official-looking emails and fake profiles to steal sensitive information. LUCIE, Shibarium’s marketing strategist, recently shared a personal scam experience,…
Recent Pi Network (PI) Developments, Important Scam Warnings, and More: Bits Recap May 16
TL;DR PI surged to a two-month high after a teaser from the team behind the project, but dropped sharply to around $0.80 following the reveal of the actual news. Binance…
Important Warning Affecting All Binance Users: Details Here
TL;DR Scammers are impersonating Binance support on platforms like Telegram to trick users into clicking malicious links that steal credentials or 2FA codes. While Binance’s CEO assured that the company…
Did a $330 Million Scam Fuel Monero’s (XMR) 50% Price Surge? (ZachXBT Weighs In)
A social engineering scam has resulted in the loss of over $330 million in BTC from an elderly investor based in the United States. The stolen amount, totaling 3,520 BTC,…
Older Americans Hit Hard by Crypto Scams, FBI’s IC3 Reports $2.8 Billion Losses
In its 2024 annual report, the FBI’s Internet Crime Complaint Center (IC3) revealed a sharp rise in the number and severity of cryptocurrency-related fraud cases. Over the course of the…
SEC Drops the Hammer on $198 Million Crypto Ponzi Scheme
The US Securities and Exchange Commission (SEC) charged Ramil Palafox, the founder of the crypto company PGI Global, with orchestrating a massive $198 million Ponzi scheme that misled investors worldwide.…
Solana’s Meteora Hit With Lawsuit Over Alleged Meme Coin Scam
Solana-based decentralized exchange Meteora is facing a class-action lawsuit over pump-and-dump claims surrounding the M3M3 meme coin launch. The complaint alleges this led to losses of at least $69 million…
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