38 articles tagged with #fraud. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
A fraudulent Ledger Live application was discovered on Apple's App Store, successfully impersonating the legitimate cryptocurrency wallet and draining approximately $9.5 million from dozens of users across multiple blockchains during a week-long phishing campaign before removal.
Cybercriminals on the darknet are selling a new AI-powered fraud kit designed to bypass KYC verification systems used by cryptocurrency exchanges and banks. The tool uses deepfake technology and real-time voice manipulation to trick identity verification processes on financial platforms.
Blockchain investigator ZachXBT has exposed a coordinated network of X (Twitter) accounts that create fake or exaggerated geopolitical news about Middle East conflicts to manufacture panic and promote cryptocurrency pump-and-dump schemes. The network exploits crisis situations to manipulate investors into fraudulent crypto investments.
WIRED investigation reveals dozens of Telegram channels advertising jobs for 'AI face models,' with mostly women being recruited to serve as the face of AI-powered financial scams. These models are likely being used to conduct video calls with victims to build trust before defrauding them of money.
A CertiK report reveals that crypto ATM fraud has surged dramatically, resulting in $333 million in losses during 2025. The fraud exploits crypto ATMs' minimal verification requirements and fast transaction processing, allowing criminals to quickly convert cash into digital assets before victims can detect the fraudulent activity.
Crypto ATM losses increased by 33% in 2025, with AI technology being used to enhance and superpower scamming operations. CertiK identifies crypto ATMs as the most accessible extraction method for scammers to convert stolen funds.
Indian authorities arrested a Darwin Labs co-founder in connection with the GainBitcoin cryptocurrency scam investigation. The case involves approximately 8,000 investors and estimated losses of around $790 million (6,606 crore rupees).
Pig butchering scams are expanding rapidly and have created two new criminal industries: escrowing and selling hostages. This represents a significant evolution in cryptocurrency-related fraud operations.
Taiwan has indicted 62 individuals for money laundering $339 million from cryptocurrency scam operations linked to Prince Group, a transnational criminal organization designated by the U.S. DOJ. The case involves crypto fraud compounds operating in Cambodia.
U.S. authorities have seized over $580 million in cryptocurrency connected to Southeast Asian 'pig butchering' scams. This represents a significant law enforcement action targeting crypto-based fraud schemes operating from the region.
U.S. officials froze and seized approximately $580 million in cryptocurrency connected to Chinese scam networks that were targeting American victims. This represents a significant law enforcement action against international cryptocurrency-based fraud operations.
The DC Scam Center Strike Force has seized and frozen $580 million in cryptocurrency assets targeting Southeast Asian criminal networks. These operations focus on dismantling 'pig butchering' scam operations based in compounds across Burma, Cambodia, and Laos.
Address poisoning is a cryptocurrency scam technique that works by flooding users' transaction histories with fake entries containing scammer-controlled addresses. This method tricks victims into accidentally sending funds to the wrong address without requiring hackers to steal private keys.
The article identifies five major cryptocurrency scams that investors need to be aware of in 2025. These include fake support scams and deepfake fraud among other emerging threats targeting crypto users.
A fake website impersonating CoinDCX, India's prominent cryptocurrency exchange, sparked fraud allegations and legal proceedings that ultimately resulted in a court ruling exonerating the legitimate platform. The case highlights the growing threat of domain spoofing and phishing attacks targeting crypto platforms and the legal complexities involved in distinguishing between genuine services and fraudulent imitations.
Jonathan Spalletta, a Maryland man also known as 'Cthulhon,' has been charged by the DOJ with stealing over $53 million from a decentralized cryptocurrency exchange. He allegedly laundered the stolen funds through Tornado Cash, facing charges of computer fraud and money laundering.
India's CBI has arrested a suspect connected to cryptocurrency scam operations in Myanmar's Myawaddy region. The individual allegedly used fraudulent job offers to lure Indian citizens into crypto scam compounds, highlighting the international nature of cryptocurrency fraud schemes.
The UK has imposed sanctions on crypto-linked marketplace Xinbi as part of a broader crackdown on Southeast Asian scam centers. The measures specifically target financial infrastructure supporting fraudulent operations, including platforms used for selling stolen data.
A Thane court has exonerated CoinDCX co-founders in a ₹71 lakh cryptocurrency fraud case, determining that the scheme involved impersonation rather than direct involvement by the exchange executives. The ruling found no evidence linking the company's leadership to the fraudulent activities.
The UK government's new fraud strategy identifies cryptocurrency as a 'growing risk' in the financial landscape. However, blockchain analysis firm Chainalysis counters this narrative by arguing that crypto's inherent transparency actually creates a 'powerful flywheel' for disrupting and preventing fraud.
Cryptocurrency scammers are targeting Russians who support Iran, tricking them into sending Bitcoin, Ethereum, XRP, and other digital assets through fraudulent schemes. A major political group has issued warnings about these scams specifically targeting pro-Iran crypto donors.
Nevin Shetty, a former CFO, was sentenced to two years in prison for wire fraud after secretly diverting $35 million from a Seattle startup to his own crypto platform in 2022. The funds were used for DeFi investments without authorization from the company.
CFO Nevin Shetty was sentenced to prison after secretly transferring $35 million in company funds to his personal DeFi platform. Nearly all of the misappropriated funds were lost during the Terra ecosystem collapse.
US investigators successfully traced $61 million in cryptocurrency linked to romance scams across multiple wallets using advanced blockchain forensics techniques and stablecoin freezing capabilities. The case demonstrates law enforcement's growing sophistication in tracking illicit crypto transactions and recovering stolen funds from romance fraud operations.
ClickFix hackers are using new tactics to target crypto users by impersonating venture capitalists and compromising the QuickLens platform. This technique has been gaining popularity among crypto attackers since 2024, expanding beyond cryptocurrency to target multiple industries.
