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 […]
Braden John Karony, SafeMoon’s former CEO, has been sentenced to 8 years in prison for his role in a multi-million dollar crypto fraud scheme. U.S. District Judge Eric Komite handed out the judgment in a Brooklyn federal court after a jury convicted him in May 2025 following a three-week trial. Details of The Sentencing Court […]
Prosecutors in the U.S. state of Ohio have issued a public warning urging Americans to watch for romance scams tied to cryptocurrency as they celebrate Valentine’s Day. The alert drew attention to a rise in emotionally driven fraud cases where victims are persuaded to send digital assets after forming online relationships. Federal Warning Outlines Latest […]
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 […]