The crypto world is filled with excitement, creativity and new ideas. It is also a place where not everyone plays fair, and one of the most damaging tricks out there is the rug pull, a scam that keeps catching new investors who are excited about fast gains. Many people hear ...
If you’ve ever clicked on a crypto ad while scrolling through your favorite app or browsing Google, you might’ve come closer to a scam than you realized. Fake crypto apps are spreading fast and hiding in plain sight, often disguised as legit ads on trusted platforms. Cybercriminals are now using ...
The first half of 2025 has seen the largest crypto scams in history, with over $2 billion lost to hacks, phishing, and outright theft. The scale, frequency, and sophistication of these attacks have eclipsed 2024, proving that as crypto adoption grows, so too does the innovation of bad actors. The ...
A sophisticated crypto scam is targeting users through fake AI, gaming, and Web3 startup companies, according to new findings by cybersecurity firm Darktrace. The campaign lures victims into downloading malware disguised as legitimate applications, ultimately draining their cryptocurrency wallets. To build credibility, threat actors create professional-looking fake companies using compromised ...
Australians have lost over AUD $180 million (around $122 million) to crypto investment scams in the past year. According to the Australian Federal Police, young people are the main targets as the fraudsters use more advanced tactics. The federal law enforcement agency revealed this in an August 28 press release ...
Australia’s financial markets watchdog has warned of evolving tactics used by fraudsters leveraging artificial intelligence to deceive and steal cryptocurrencies from unsuspecting victims. In a statement released on August 19, the Australian Securities and Investments Commission (ASIC) disclosed that since July 2023, it has taken down over 5,530 fake investment ...
Chainalysis has announced plans to expand its anti-phishing crypto scam initiative, "Operation Spincaster," to additional countries in the upcoming months. In a blog post published on July 18, 2024, the blockchain analytics firm detailed the outcomes of the initiative's initial phase and shared its future plans. "Chainalysis is committed to ...
According to a new report from blockchain analytics firm Elliptic, the rate at which advanced technologies such as AI and cryptocurrencies are being exploited for deep fake scams, state-sponsored attacks, and other illegal activities is rapidly increasing. The report highlighted the increasing use of various deepfake tactics powered by AI ...
The Philippine National Police Anti-Cybercrime Group (PNP ACG) has issued a warning alert about the dangers associated with cryptocurrency-based gaming schemes. The Philippine authorities urged its citizens to maintain vigilance against the diverse tactics employed to extract funds from the gaming community. The PNP ACG highlighted that these risks are ...
