In January, a crypto user lost $12.25 million by copying the wrong wallet address. In December as well, another one ended up losing $50 million in a similar way. Together, the two incidents cost $62 million, according to the popular Web3 security solution, Scam Sniffer. Crypto Blunders Signature phishing attacks also surged in January. In […]
A majority of press releases published across crypto news sites originate from high-risk or outright fraudulent projects. In a new report, crypto communications firm Chainstory analyzed 2,893 crypto press releases published between June 16 and November 1, 2025, and found that roughly 62% were issued by projects classified as either High Risk or confirmed Scams, […]
Online gambling platforms linked to sanctioned guarantee networks have processed over 414 million USDT in revenue in less than two months, with millions flowing directly to major cryptocurrency exchanges. New data from blockchain intelligence firm Bitrace shows how these operations continue at scale despite recent law enforcement actions against their payment providers. Gambling Platforms Keep […]
More than half of all cryptocurrencies tracked on CoinGecko’s GeckoTerminal have now failed. Such a significant volume of collapse in token survivability is driven largely by excess speculation and market instability. According to the crypto aggregator’s latest report, 53.2% of all cryptocurrencies listed on GeckoTerminal are classified as dead, and the majority of failures occurred […]
Blockchain security firm Peckshield has shared that December 2025 closed with a surprising decrease in crypto exploit losses. On-chain data shows the figures fell by 60% compared with those recorded in November. $76 Million Lost Across 26 Incidents According to the Peckshield report revealed via X, hacks and cybersecurity exploits in the crypto sector dropped […]
The US Securities and Exchange Commission (SEC) has charged three entities that claimed to operate crypto asset trading platforms, along with four so-called investment clubs, for allegedly running a large-scale fraud that targeted retail investors through social media. According to the SEC, Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc., together with […]
Changpeng “CZ” Zhao has renewed calls for stronger, industry-wide defenses against address poisoning scams. In a recent post, the former Binance CEO argued that such attacks are solvable through better wallet-level protections. Combating Address Poisoning Attacks CZ said wallets should automatically check whether a receiving address is associated with known poisoning activity and block users […]
Cybersecurity firm, Security Alliance (SEAL), said it is tracking multiple daily attempts by North Korean-linked threat actors using so-called “fake Zoom” or “fake Teams” meetings to distribute malware and expand access to new victims. The non-profit reshared a detailed warning from security researcher Taylor Monahan outlining how the attacks unfold and the scale of losses […]
With the end-of-the-year holidays just around the corner, Brad Garlinghouse warned people to be extremely careful when dealing with suspicious online activity, as scammers tend to ramp up their efforts during this time, hoping that victims stay quiet. He has issued several similar warnings in the past few months, due to the growing number of […]
Binance is the world’s largest crypto exchange, boasting a user base of over 280 million people. That popularity, though, has made it an attractive target for scammers who often impersonate the exchange’s support services to lure victims. Clients are advised always to verify information through official channels and remain skeptical of unsolicited messages. French and […]