Scam News
Breaking News about Crypto Scams and information related to Cryptocurrency Scams and Fraudulent activity brought to you by the Impact Protocol Network (IMPACT).
iDEGEN, top alts show strength despite Bybit hack
The crypto market was down 3.6% in the past 24 hours, with the total market cap at $3.3 trillion. Top...
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North Korea’s Lazarus Group behind hack as Bybit loses $1.5B
Key takeaways Bybit suffered the biggest theft of all time in the crypto space after losing $1.5 billion to hackers...
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Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy
Former Safemoon Chief Technology Officer (CTO) Thomas Smith has pleaded guilty to charges related to a $200 million fraud scheme...
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Safemoon CTO pleads guilty in $200m crypto fraud case
Safemoon CTO Thomas Smith has pleaded guilty to charges in a $200 million crypto fraud case. US authories arrested the...
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Rising ‘share-seed-phrase’ scam targets crypto holders, Binance CEO warns
Binance CEO Richard Teng has warned the crypto community about a rising scam called “share-seed-phrase.”In a Feb. 18 post on...
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Crypto scammers net over $9B in 2024 as AI supercharges fraud
Malicious actors stole roughly $9.9 billion from the crypto ecosystem last year — the lowest amount since 2021, according to...
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FBI initiative saves thousands from crypto scams, recovers $285 million
The FBI’s initiative to counter crypto investment fraud has helped thousands of victims avoid losing millions of dollars since its...
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Jailed BTC-e operator Vinnik released in US-Russia prisoner swap
US to release jailed BTC-e operator Alexander Vinnik in a prisoner swap with Russia. Vinnik, arrested in 2017, is part...
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Crypto ransomware revenue drops 35% to $813 million in 2024 amid tougher crackdowns and victim resistance
The crypto industry saw ransomware payments decline by 35% in 2024, falling to $813 million from the previous year’s $1.25...
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Coinbase users reportedly lose over $300M yearly via social engineering scams
On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering...
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