The explosive growth of the cryptocurrency market has attracted not only investors and innovators but also a wave of scammers seeking to capitalise on the hype. As digital assets like Bitcoin and Ethereum gained mainstream attention, so did fraudulent schemes disguised as legitimate investment opportunities. From fake trading platforms to ...
As cryptocurrency adoption grows, so does the number of scams targeting unsuspecting users. In 2025, one of the most concerning developments has been the rise of Crypto Drainers-as-a-Service (DaaS), a new breed of cybercrime that makes it easier than ever for scammers to steal digital assets. Drainers are malicious tools ...
Cryptocurrencies may exist in the digital ether, fortified by encryption and blockchain technology, but the risks surrounding them are becoming increasingly tangible. As digital defences grow more sophisticated, criminals are adapting, shifting from online hacks to real-world violence in pursuit of crypto assets. What once felt like a purely virtual ...
National Australia Bank (NAB) has taken proactive steps to restrict payments to certain crypto exchanges categorized as "high-risk." Though NAB has chosen not to disclose the specific platforms affected by these restrictions, it cited the prevalence of scams within the crypto industry as the driving force behind this decision. NAB ...
Simon Callaghan, the newly appointed CEO of Blockchain Australia, has called for collaboration between Australia's banks, government, and the cryptocurrency sector to combat the rising threat of cryptocurrency fraud. Speaking on June 30, 2023, during the closing day of Australian Blockchain Week in Melbourne, Callaghan announced that the organization's top ...
A recent case of fraud in northern China has raised concerns about the potential misuse of advanced "deepfake" technology for financial crimes. The incident involved the use of AI-generated voice and facial data to deceive a man into transferring 4.3 million yuan ($622,000) to a fictitious acquaintance. According to a ...
KuCoin, a cryptocurrency exchange, has responded to allegations that one of its customers is responsible for launching thousands of meme coin frauds. While the exchange confirmed that the wallet address associated with the complaint belonged to one of its users, it stated that it would only freeze the account if ...
According to TrustCheck, scammers have stolen over $300,000 from users who unknowingly connected their wallets to fraudulent sites while attempting to claim airdrops of BLUR tokens. The newly launched Blur platform has gained popularity in the NFT marketplace by attracting many users and generating high trading volumes because of its ...
