Opinion
With crypto scams hitting $9.9 billion in 2024 and 90% of UK crypto apps failing AML checks, the industry needs data sharing to combat fraud.
1104
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
Sergei Potapenko and Ivan Turõgin asked a court for time served after admitting to wire fraud, but US prosecutors want them imprisoned for 10 years for their "classic Ponzi scheme.”
5752 - Opinion
Initial DEX offerings have strayed from their retail-first promise, becoming dominated by institutions and high barriers to entry. IDOs could reclaim their promise.
1433 - Recap
Crypto fraud is evolving fast. Crystal Intelligence is on the frontlines, using blockchain analytics and cross-border coordination to detect and disrupt increasingly sophisticated scam networks.
17847 - Spotlight
DeFi platforms bake risk scoring into swaps, using real‑time contract scans to stop honeypots, rug pulls and spoofed tokens before funds vanish.
13174 - News
A judge has denied MIT brothers’ bid to dismiss $25 million crypto fraud charges, ruling their novel crypto exploit methods still constitute wire fraud.
4576 - News
The pastor claimed that “God told” him to shill INDXcoin, which caused financial losses to at least 300 investors.
5197 - Explained
Looking for love lost $36.9 million to crypto scammers: A story of how Axis Digital turned sweet words into stolen coins and laundered it all to Cambodia.
- News
Social engineering scams, from the Meeten campaign to fake crypto support scams, have become a troubling occurrence in crypto.
2066 - News
US prosecutors charged two men for allegedly running the crypto fraud scheme OmegaPro, which promised 300% returns to investors.
3019 - Use Case
How scammers exploit SIM swaps to drain crypto wallets and what tools can help protect against this rising threat.
31646 - 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.
5625 - 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.
23391 - 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?
27969 - 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.
14152