Wells Fargo reportedly refused to reimburse a customer who lost thousands of dollars to scammers posing as the banking giant’s employees. Houston resident Sharon Schoolcraft says she lost $13,000 after receiving a call from someone claiming to be working at Wells Fargo, reports FOX 26. Schoolcraft says the caller alerted her to possible fraudulent charges…
New York Attorney General Letitia James has frozen $300,000 worth of cryptocurrency linked to an international fraud scheme that targeted hundreds of Russian-speaking residents across Brooklyn and beyond. Authorities say the operation used deceptive social media ads to lure victims into fake crypto investment platforms, resulting in more than $1 million in losses in Brooklyn…
Scammers are taking advantage of the recent Bybit hack to target Binance users. They are sending fake SMS messages that appear to come from Binance, tricking people into thinking their accounts are at risk. Fake Messages Claim Security Breach The scam messages tell users that their Binance accounts have been compromised. Some claim unauthorized access…
Law enforcement authorities in India reportedly seized crypto assets linked to the BitConnect Ponzi scheme that defrauded hundreds of victims before collapsing in 2018. Indian Express reports that the Enforcement Directorate (ED) seized Rs (Indian Rupee) 1,646 crore or nearly $190 million in crypto assets during its investigation of BitConnect. The agency, which is in…
Forex scams are a growing problem in the trading world. Many traders, especially beginners, fall victim to fraudulent schemes that promise huge profits. These scams often disguise themselves as legitimate forex trading opportunities. However, the reality is that most of them exist only to steal money from unsuspecting traders. Understanding forex scams is crucial for…
A pseudonymous on-chain investigator says he’s unraveling a malicious scheme that’s using hacked accounts on the social media platform X to promote a fake memecoin. ZachXBT says the cybercriminal stole the credentials of high-profile X accounts by sending phishing emails that impersonated the X team. The emails appear as a notice of policy and guideline…
A crypto investigator uncovered that a former professional player on Fortnite could be associated with a major meme coin scam and hacking of celebrity accounts. Crypto sleuth ZachXBT discovered that the high-profile case of the $3.5 million scam of the token is linked to popular professional gamer Serpent. Connection To Serpent’s Crypto Wallets ZachXBT examined…
In 2024 alone, cryptocurrency scams and hacks caused more than a billion of dollars in losses worldwide. One of the biggest breaches, the DMM Exchange hack, wiped out $305 million in investor funds, shaking user confidence in Centralized Finance (CeFi). With the crypto industry growing rapidly, so does the sophistication of cybercriminals. In this article,…
An elderly parent is reportedly devastated after scammers contacted him via email masquerading as his own daughter. Françoise Schorosch says the criminals said all the right things to her father online, perfectly mimicking the way she writes partially in German and partially in English, The Guardian reports. The style of scam has been dubbed the…
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading investors. Authorities claim the company falsely asserted SEC registration and used illegal multilevel marketing tactics, posing…