Scams & Cybercrime News

A crypto user who lost $5,000 from a hot wallet after a stay at a hotel said the real culprits were open WiFi, a casual lobby phone call and one careless wallet approval.

The $7-million Trust Wallet hack shows why crypto-friendly SMEs are especially vulnerable, highlighting weaknesses in verification, browser extensions and internal controls.

A protocol-level flaw allowed assets to be duplicated rather than minted, prompting a network halt and a governance-led recovery process.

How an onchain investigator linked a Coinbase impersonation scam to $2 million in losses and why social engineering remains the real risk.

According to SlowMist, attackers are impersonating MetaMask, aiming to steal users’ secret recovery phrases.

An analysis of “wrench attacks” shows physical assaults against crypto holders are increasing in number and severity, with Europe and Asia seeing the sharpest rise.

Wallet drainer phishing losses dropped sharply in 2025, but security researchers warn activity still rises with market rallies and new attack vectors continue to emerge.

The incident is potentially related to December's Trust Wallet hack, which left users drained of $7 million in cryptocurrency.

Although monetary losses declined, users still lost tens of millions of dollars to common cybersecurity exploits like address poisoning scams.

The Trust Wallet update includes a feature to help victims of the $7 million Christmas hack submit reimbursement claims for lost funds.

An Investigation from ZachXBT traced the suspect through posts gloating on social media and Telegram activity.

Hacken said Web3 losses rose to almost $4 billion in 2025, with North Korea behind more than half; regulators are currently under pressure to turn security guidance into hard rules.

The malicious Trust Wallet extension has also been exporting users’ personal information, pointing to potential insider activity, according to cybersecurity company SlowMist.

Zhao urged the blockchain industry to adopt new security measures, including scam address blacklist, after an investor lost $50 million to an address poisoning scheme.

Concerns about code vulnerabilities are fading in the crypto space, but more sophisticated scam tactics are emerging as protocol security improves.