Telegram-based malware scams have now outpaced traditional phishing attacks, according to Scam Sniffer’s troubling findings. From November 2024 to January 2025, incidents involving malicious Telegram groups surged by over 2000%, while conventional phishing methods remained stable. Unlike the typical “connect wallet” scams, these new tactics involve more sophisticated methods such as fake verification bots, fraudulent […]
PeckShield’s latest analysis reveals a troubling spike in crypto-related security breaches in 2024 alongside a bull market. Despite the grim statistics, recovery efforts have managed to reclaim hundreds of millions in stolen assets. Crypto Losses in 2024 PeckShield’s 2024 Crypto Security Annual Report reveals that the year witnessed a resurgence in crypto-related breaches, with total […]
There has been a significant reduction in losses from exploits, hacks, and scams in December compared to previous months. The latest report by blockchain security company CertiK recorded a total of approximately $28.6 million in losses – the lowest monthly figure in 2024. December Crypto Losses Are 2024’s Lowest Exploits dominated the financial impact, accounting […]
After a brief hiatus, the notorious “Blockchain Bandit” has re-emerged as the year ends, consolidating a staggering 51,000 ETH, valued at approximately $172 million, into a single multisig wallet. This transfer was made on December 30. “Blockchain Bandit” Returns In the latest update, prominent blockchain investigator ZachXBT revealed that the consolidation originated from 10 wallets, which […]
A new crypto scam appears to be flipping the script on thieves. By publicly sharing seed phrases, scammers set up bait wallets that entangle opportunists in a deceptive scheme designed to exploit their attempts to steal funds. According to cybersecurity firm Kaspersky’s latest findings, scammers post crypto wallet seed phrases on YouTube comments using newly […]
Crypto exchange giant Binance reportedly stopped more than $129 million from being lost to criminals in 2024. In its Anti-Scam Refund Initiative end-of-year report, the company outlined how it deployed cutting-edge artificial intelligence (AI) and machine learning (ML) technologies to transform digital asset security from reactive measures to proactive defense strategies. Anti-Scam Initiative According to […]
TL;DR The Shiba Inu community was warned about scammers asking for emails related to SHIFU purchases or claims. Users should avoid sharing personal details and verify information only through official channels. Beware, ShibArmy Shibarium Trustwatch recently issued another important alert concerning the Shiba Inu community. The team cautioned that scammers request victims to send them […]
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Francier Obando Pinillo, a pastor from Pasco, Washington, accusing him of running a fraudulent cryptocurrency Ponzi scheme worth at least $5.9 million. The complaint names Pinillo and his associated businesses, Solanofi, Solano Partners Ltd., and Solano Capital Investments, collectively known as the […]
A new wave of crypto scams has emerged, with attackers using fake X accounts to impersonate popular influencers and lure unsuspecting users into fraudulent Telegram groups. Users are then manipulated into installing malware that compromises crypto wallet data. Scammers Moving Beyond Simple Phishing Scams According to blockchain security firm Scam Sniffer, the scammers comment on legitimate […]
On December 6, a cryptocurrency user known as “LeftsideEmiri” on X shared that they had lost $300,000 after interacting with a fraudulent work meeting link. In a thread, the individual described the incident as a social engineering attack, emphasizing that they had not approved or signed any transactions. $300K Lost In Attack “Thought it would […]