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In 2025, Chinese-language money laundering networks processed $16.1 billion in illegal crypto, nearly 20% of the global underground economy. Telegram Channels as Laundering Hubs Chinese-language money laundering networks funneled an…
In 2025, Web3 fraud surged to $15.87 billion, far surpassing the $2.5 billion plus lost to traditional hacks. Unlike isolated breaches, losses were spread across millions of transactions, reflecting the…
The SEC moved swiftly against alleged crypto fraud, accusing multiple trading platforms and investment clubs of orchestrating a multimillion-dollar scheme that lured retail investors through social media, messaging apps and…
Crypto scams are rapidly migrating into private group chats, where fraudsters pose as trusted experts, use AI-powered deception, and funnel retail investors toward fake trading platforms, prompting a fresh SEC…
A trader lost nearly $50 million in USDT after falling victim to an “address poisoning” scam. The attacker spoofed a wallet address that looked identical to the victim’s, tricking him…
Authorities allege a sweeping crypto phishing operation that drained nearly $16 million from Coinbase users nationwide, underscoring how social engineering scams exploit trust, move funds across blockchains, and trigger aggressive…
Federal prosecutors moved to return seized cryptocurrency after a court ordered forfeiture tied to an elderly-targeted scam, clearing the way for restitution as authorities traced bitcoin and USDT used in…
A state securities regulator issued 12 investor warnings ahead of year-end, cautioning that fraud activity is accelerating as scammers exploit FOMO, new technologies, and holiday urgency to lure investors into…
Shima Capital is shutting down after the Securities and Exchange Commission accused founder Yida Gao of inflating his track record to defraud investors. Founder Departure and Fund Resignation Shima Capital,…
India’s financial crime agency has intensified a sweeping crackdown on an alleged cryptocurrency Ponzi empire, targeting a sprawling fake crypto MLM network accused of draining billions of rupees from investors…