Britain’s Foreign, Commonwealth and Development Office (FCDO) has sanctioned the Chinese-language crypto marketplace Xinbi, which blockchain analytics firm Chainalysis says processed nearly $20 billion in volume between 2021 and 2025. The designation means that the UK government isn’t just targeting individual scammers but has taken aim at the financial infrastructure that keeps Southeast Asia’s industrial-scale […]
Tron founder Justin Sun has said that his team has built an AI system capable of identifying suspects in crypto fraud cases. He also said that he will put $100 million in rewards for anyone who helps bring the criminals to justice. What Sun Is Claiming In a March 26 post on X, Sun claimed […]
USR, an overcollateralized stablecoin natively backed by ETH and maintained by the Resolv protocol, lost its peg on March 22 after an attacker minted millions of unbacked tokens and reportedly extracted at least $25 million. Here’s how the incident went down, according to blockchain analytics firm Chainalysis. Attacker Exploits Minting Key to Create $80M in […]
The FBI has notified users on the Tron network about a fake token impersonating the agency. A post published on X by its New York field office on March 19 warned of a phishing campaign that tries to get people to give up their personal information and access to their wallets by pretending to be […]
Analysis of the 90 days before and after the December 3 Ethereum Fusaka upgrade indicates a steep rise in the number of address poisoning scams. Stablecoin transactions on Ethereum are among the biggest hits with this ever-rising problem. Dust Transfers Explode After Fee Reductions Researcher Wise Crypto says that dust attacks went up sharply all […]
Illicit activity accounts for only a small fraction of Australia’s cryptocurrency ecosystem, even as digital asset adoption continues to expand. According to the analysis by TRM Labs, less than 1% of the country’s total on-chain crypto activity between March 2025 and February 2026 was linked to illicit counterparties, which essentially highlights that the vast majority […]
A report by blockchain security firm Nominis shows that in February, total losses from crypto attacks fell by 87%, going from $385 million in January to $49.3 million last month. However, while the drop in total value stolen suggests improved protocol security, Nominis claims that a closer examination of the month’s events shows that attackers […]
Bybit has reported recovering $300 million for thousands of users at a time when crypto-related fraud remains high across the industry. The exchange attributed these efforts to an AI-powered fraud detection system that intervenes before people lose their funds. Security Initiative Results Bybit shared the results of its 2025 Security Initiative, stating on social media, […]
US federal agents have seized more than $61 million worth of USDT. Investigators traced the seized funds to cryptocurrency addresses allegedly linked to the laundering of criminal proceeds obtained through “pig butchering” schemes. According to the official press release, the funds were connected to scams in which victims were recruited and manipulated into transferring money […]
Xaman Wallet founder Wietse Wind has said that a “massive XRPL targeted scam effort” is underway, warning users about fake sign requests, phishing emails, and impersonation accounts. His alert points to a rise in social engineering attacks aimed at crypto holders rather than flaws in the blockchain code. A Multi-Pronged Attack on XRPL Users Wind […]