Scams News

The Financial Services Commission said inconsistent exemption rules created loopholes that allowed funds to move quickly with minimal account history.

According to the bureau, a large number of minors aged 17 and younger were included in complaints related to crypto or crypto ATMs, resulting in more than $5 million in losses.

Operation Atlantic is a cross-border law enforcement effort to detect and disrupt crypto scams in real time, targeting approval phishing before funds are fully drained.

A darknet threat actor is selling new fraud kit to trick KYC identity verification systems on financial platforms via AI-generated deepfakes and real-time voice altering.

The draft bill, yet to be signed into law by the king, marked a significant policy change for Cambodia officials in addressing scam centers.

January saw the largest attack against a DeFi protocol of the quarter, the $40 million private key compromise of portfolio management platform Step Finance.

An executive said the social media platform could lock accounts mentioning crypto for the first time and require verification after a scammer faked reports of a tortoise's death.

Huione Group helped launder funds from Southeast Asian scam networks behind “pig butchering” schemes and other crypto scams.

Haverhill City Council, following other jurisdictions, is set to consider an ordinance banning crypto ATMs viewed as enabling financial fraud and money laundering.

Vietnam detained ONUS-linked suspects in an alleged token fraud case as police described price manipulation, false promotions and centralized market control.

It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services.

A $176 million Bitcoin theft tied to a seed phrase leak reveals how simple surveillance can bypass crypto security and drain entire wallets.

A Thane judge granted bail to CoinDCX co-founders Sumit Surendra Gupta and Niraj Ashok Khandelwal, finding no case against them.

A simple “wrong number” message led to a $3.4 million crypto scam, exposing social engineering tactics, fake investments and fund laundering methods.

ZachXBT said the network of fake X accounts used AI to impersonate influencers and post sensational content, generating millions of views and six-figure profits from crypto scams.