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Filmmaker Indicted for Misusing $11M Netflix Funds on Stock & Crypto Gambling

Federal prosecutors have indicted filmmaker Carl Erik Rinsch, alleging he misappropriated $11 million from Netflix to fund risky stock and cryptocurrency trades instead of producing a sci-fi television series.

, by Ruholamin Haqshanas

Blockchain News

Government Official in South Korea Forged Documents to Funnel Funds into Crypto

An official in South Korea exploited government seals and financial loopholes over six years, diverting public funds into cryptocurrency investments, including donations meant for disaster relief efforts.

Blockchain News

California Shuts Over 26 Crypto Scam Websites, Uncovers $4.6M Losses

California regulators received 2,668 complaints from residents through its ‘Crypto Scam Tracker’ tool, that led to identify 7 new scams.

, by Sujha Sundararajan

Russian Hackers Use Malicious ‘GrassCall’ Meeting App to Drain Crypto Wallets: Report

Reports find that a new crypto malware has targeted hundreds of web3 job seekers through a malicious “GrassCall” meeting app. Per Bleeping Computer, Russian team of hackers known as “Crazy Evil,” carried out a social engineering campaign that lured job seekers with fake interviews. The...

, by Sujha Sundararajan

Crypto Scammers Use AI and Professional Networks to Rake in Billions – Chainalysis Report

A 2024 Chainalysis report reveals that cryptocurrency scams defrauded victims of at least $9.9 billion, with AI-powered fraud and pig butchering scams surging by 40%.

, by Veronika Rinecker

Coinbase Users Lose $65M in Two-Month Scam Spree as Security Lapses – ZachXBT

Coinbase, the largest cryptocurrency exchange in the United States, is under fire after a wave of social engineering scams between December 2024 and January 2025 caused millions in losses for its users. According to a report by blockchain investigator ZachXBT, at least $65 million was stolen...

, by Hassan Shittu

Scammers Steal $2.2M Worth Crypto From New York Residents in Promise of Remote Jobs

Tech-savvy scammers have stolen $2.2 million worth of cryptos from New Yorkers in a new job scam. The perpetrators sent text messages claiming to help find remote jobs, asking job-seekers to deposit dollars into crypto accounts. According to New York Attorney General Letitia James, unsuspecting...

, by Sujha Sundararajan

OKX Warns Users of Fake Wallet Plugins on Firefox Browser Extension

Crypto exchange platform OKX has issued a warning about a fake OKX Wallet browser extension that recently appeared on the Firefox browser plugin store. The warning note posted on X stressed that OKX has not released any Firefox plugins. Further, they have already filed a complaint with Firefox...

, by Sujha Sundararajan

Vietnamese Police Arrest Four Suspects in Crypto Scam Amid Global Crackdown on Crypto-Linked Schemes

Vietnamese police arrested four suspects for defrauding 200+ victims of $157K through a crypto scam involving fake mining schemes. Efforts to combat such scams continue globally.

India Partners with Google and Facebook to Combat Crypto Pig Butchering Scams: 2024 Report

India is intensifying efforts to curb pig butchering scams, a form of investment fraud that leverages crypto, by collaborating with tech giants Google and Facebook. According to the Indian Union Home Ministry's 2024 annual report, these scams primarily target vulnerable groups such as...

, by Hassan Shittu

Phishing and Private Key Theft Made Attackers Most Money in 2024

Among many illicit methods that thieves utilize to get their hands on others’ cryptocurrency, phishing was the most successful one by far in 2024. 2024 saw a loss of $2.36 billion in total across 760 on-chain security incidents. This is a 31.61% increase compared to 2023. A whopping $1.05...

, by Sead Fadilpašić

New Crypto Wallet Scam Targets YouTube Comments: Multi-Signature Trick Steals Funds

A new crypto scam is gaining traction in the YouTube comments section, using a deceptive trick involving multi-signature wallets to lure unsuspecting victims. Cybersecurity firm Kaspersky recently uncovered the scheme, which targets individuals who attempt to exploit shared seed phrases....

, by Hassan Shittu

Pig Butchering Crypto Scams Cost Victims $3.6B in 2024: Report

According to a report by Web3 security firm Cyvers, publicized through Nairametrics, pig butchering scams emerged as the most significant threat to crypto users in 2024, accounting for $3.6 billion in losses. This type of long-term fraud, which involves scammers grooming victims over time to...

, by Hassan Shittu

Crypto Scams Drive French Financial Fraud Losses to €500M Annually: AMF

France is facing a surge in financial scams, with the Autorité des Marchés Financiers (AMF) reporting that crypto-related fraud is a key driver behind the estimated €500 million in annual losses suffered by victims of financial fraud. French authorities are intensifying their efforts to combat...

, by Hassan Shittu

South Korea Sanctions North Korean Individuals and Entity Over Crypto Heists

The South Korean government has imposed sanctions on 15 individuals and one entity from North Korea for engaging in illicit cyber activities.

, by Ruholamin Haqshanas

Animoca Brands Co-Founder Yat Siu’s X Account Hacked to Promote Fake Token

Animoca Brands confirmed that its co-founder and chair, Yat Siu, had his X account hacked to promote a fake token.

, by Ruholamin Haqshanas

Crypto Scams and Failed Projects Most Prevalent in US, China, and UK: Report

A report revealed that a significant number of crypto scams and failed projects originated from the US, China, and the UK. This was between January 2022 and October 2024. US and China Lead in Failed Projects A study by 5Money and Storible analyzed 1,544 global cryptocurrency projects within...

Strengthening Resilience, Collaboration, Education is key to Combat Scams: Binance APAC Exec

Binance APAC head of law enforcement training and intelligence has urged Australians to be aware of potential cybercrime. The executive noted that “fighting scammers is everyone's business.” Jarek Jakubcek of Binance noted that there has been a steady decline in global crypto hacks since 2021....

, by Sujha Sundararajan

Crypto Security Firm Ancilia Under Fire for Sharing Malicious Link Amid Radiant Capital Hack

Ancilia is facing backlash after sharing a malicious crypto drainer link while attempting to assist users affected by a $52 million exploit.

, by Ruholamin Haqshanas

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