Use Case
How scammers exploit SIM swaps to drain crypto wallets and what tools can help protect against this rising threat.
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Fraud News
Cryptocurrencies promise a lot of security and privacy for the users, but reality is that cryptocurrency use often creates victims of different types of scams, such as digital theft, hacking, phishing and the major cryptocurrency scam – fraud. These frauds can exist in different forms – promising, but fraudulent, ICO’s that don’t inform their investors about the risks and might not have a physical address; cryptocurrency investment platforms that vanish after gathering enough money; and fraudulent cryptocurrency exchanges that utilize multiple tactics to cheat their users. Blockchain technologies are relatively new and the hype that surrounds them poached a lot of low-skilled investors into the field. This has become such a problem that, according to the latest news on cryptocurrency fraud, Twitter has even banned ICO-ads in order to protect its users from fraudulent schemes.
- News
Europol reported that the investigation was ongoing, but authorities had made five arrests connected to a scheme that defrauded more than 5,000 people.
4841 - One-on-one
Blockchain investigators from Crystal Intelligence share tips and anecdotes from the evolving landscape of crypto scams and how blockchain intelligence technology helps fight against fraud.
21952 - Defined
How do crypto scammers exploit trust, greed and sophisticated techniques to drain assets? And what measures can be taken to strengthen defenses in the digital asset space?
26878 - News
Crypto crime isn’t all FTX and fraud. Jennie Levin helps unpack the deeper, more technical threats facing blockchain today, including why regulators are still catching up.
13251 - News
Justice Department officials did not go into great detail regarding the investment scam, but said that more than 400 suspected victims had lost millions of dollars.
2962 - Analysis
Blockchain has already played a role in protecting consumers against food fraud, but there are lessons to be learned before it starts to truly pay off.
2935 - Defined
How overconfidence, FOMO, and emotional manipulation can lead to losing $850,000 in crypto. What can we learn from these real-life cases to protect ourselves from falling for similar scams?
30716 - News
The CFTC said that My Big Coin investors might not get their money back as the alleged operators “may not have sufficient funds or assets.”
2208 - News
Consumer Financial Protection Bureau acting enforcement director Cara Petersen has quit, saying that she has never “seen the ability to perform our core mission so under attack.”
10435 - News
Evita Pay founder Iurii Gugnin has been accused of using sanctioned Russian banks to launder millions into the US, with the funds used in part to undermine American interests.
3734 - News
The SEC sued Keith Crews in 2023 alleging he ran a crypto fraud scheme, but he failed to answer the complaint, leading a judge to hand a default win to the regulator.
8301 - News
MEXC chief operating officer Tracy Jin said the fraud was primarily caused by social engineering scams targeting new, uneducated users.
4502 - Use Case
Blockchain explorers evolve from data viewers to proactive security hubs, embedding real-time risk alerts to combat surging onchain crypto scams.
27289 - News
Jeremy Jordan-Jones was charged with wire fraud, securities fraud, making false statements to a bank and identity theft.
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