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Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’
23.1.2023
Philippine authorities say that they have rescued alleged victims of a “crypto trafficking ring” who were recruited to work in a call center in Cambodia and scam people out of their cryptocurrencies. The authorities are also investigating government employees who may have assisted...
FBI Seizes Bitcoin From Overseas Scammers Who Posed as US Law Enforcement Officials
23.1.2023
The Federal Bureau of Investigation (FBI) says it has seized bitcoin worth millions of dollars from overseas scammers targeting the elderly. The scammers posed as members of U.S. law enforcement agencies and tricked the victims into transferring money to them for “safekeeping.” FBI Says...
Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports
21.1.2023
While the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes that to a large extent the trend can be attributed to more of the targeted organizations refusing...
Authorities in Germany, Bulgaria, Serbia, Cyprus Take Down Crypto Scam Network
17.1.2023
Authorities in Germany, Bulgaria, Serbia, and Cyprus have taken down a cryptocurrency scam network in collaboration with Europol. “The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment...
Metamask Wallet Users Warned to Be on the Lookout for Address Poisoning Attacks
15.1.2023
To avoid becoming victims of an address poisoning attack, Metamask wallet users should ditch the practice of copying and pasting wallet addresses, the crypto wallet app support team has warned. Metamask users should instead “develop a habit of thoroughly checking every single character of...
Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme
14.1.2023
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back...
BitConnect’s Victims to Receive $17M in Restitution Seized From Scam’s Promoter
13.1.2023
A California judge has ordered $17 million in restitution to be paid out to hundreds of victims of the BitConnect Ponzi scheme, the infamous global scam that collapsed in 2018
800 victims of 'massive' Bitconnect fraud to receive $17M restitution
13.1.2023
The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme
Logan Paul Drops Threat of Lawsuit Against Coffeezilla But Will Alleged Victims Get Money Back?
10.1.2023
Popular influencer and professional wrestler Logan Paul has dropped his threat of a lawsuit of YouTube journalist Coffeezilla after being accused of running a crypto investment scam.
“Hey all, just wanted to update you. I deleted my initial response to Coffee's series. It was rash and misaligned...
DOJ Asks Victims of Sam Bankman-Fried’s Fraud to Come Forward
8.1.2023
The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders to Alameda Research,” the Justice Department...
US authorities launch page to notify FTX's victims about SBF's case
6.1.2023
According to the court filing, the number of victims in the FTX case made it “impractical” to rely on more traditional methods of notification
3Commas API leak victims demand refunds and apology for 'gaslighting'
29.12.2022
3Commas finally admitted there was an API leak, after months of refuting community reports that it had occurred. Users were not happy about being "gaslighted."
3Commas API leak victims demand refunds and apology for 'gaslighting' users
29.12.2022
3Commas finally admitted there was an API leak after months of refuting community reports that it had occurred. Users were not happy about being "gaslighted."
Italy and Albania Bust €15 Million Crypto Investment Scam
23.12.2022
Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and seized assets and computer equipment. Fraudsters...
Raydium announces details of hack, proposes compensation for victims
21.12.2022
The attacker made use of an exploit that allowed entire liquidity pools to be withdrawn as “fees.”
Democrats to reportedly return over $1M of SBF's funding to FTX victims
17.12.2022
Three democratic committees, the DNC, the DSCC and the DCCC, pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes
French Police Catch ‘Crypto Scammers’ Who Lured Victims with ‘Suitcases’ of ‘Cash’
12.12.2022
Source: Maksym Dykha/Adobe
French prosecutors say they have shut down two crypto scammers who used “suitcases” full of counterfeit cash to trick crypto investors into handing over tens of thousands of dollars worth of bitcoin (BTC), USD coin (USDC), and ethereum (ETH).
France Blue reported that...
Sam Bankman-Fried Wants to Start a New Business to Pay Back Victims of FTX Collapse – This is What You Need to Know
12.12.2022
Sam Bankman-Fried, founder and former CEO of the now-bankrupt crypto exchange FTX, has said that he hopes to start a new business and earn enough money to pay back victims of the collapse.
Speaking from the Bahamas, the disgraced crypto boss acknowledged that he was "not nearly as competent as...
Celsius bankruptcy victims get proof-of-claim deadline from US court
21.11.2022
The situation surrounding the Celsius bankruptcy continues as U.S. regulators set a deadline for those affected by the situation to file a proof claim against the company
Bitcoin․com Announces ‘CEX Education Program’ to Reward Victims of Centralized Crypto Failures and Bolster DeFi
20.11.2022
Bitcoin.com announced the creation of a program that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody. The CEX Education Program will draw its resources from Bitcoin.com’s wallet token VERSE, which...