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).
Man pleads guilty in UK’s first illegal crypto ATM conviction
Olumide Osunkoya pleaded guilty to FCA charges of illegal offer and use of cryptocurrency automated teller machines (ATMs). The 45-year...
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Judge rules Tornado Cash co-founder will face trial for money laundering
Roman Storm will face trial on December 2 for alleged money laundering via Tornado Cash The judge rejected Storm’s defence...
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Caroline Ellison sentenced to 24 months in prison over FTX fraud
Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison Ellison will also forfeit $11...
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Delta Prime DeFi hacker drains $6M by exploiting minting bug
Hacker exploited Delta Prime’s upgrade function to mint massive tokens Over $6M in assets were stolen, including Bitcoin, Ether, and...
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Federal agencies team up to fight surge in ‘pig butchering’ crypto scams
The Commodity Futures Trading Commission (CFTC) has joined forces with federal and private organizations to combat the surge in crypto...
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Singapore police arrest 3 for teen attack during crypto exchange
Police in Singapore arrested three men after a teen reported an attempted robbery involving $24,000. The 19-year old ZK was...
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OmegaPro co-Founder arrested in Turkey charged with $4 billion Ponzi scheme
Andreas Szakacs, the OmegaPro co-founder, was arrested in Turkey. Authorities have traced $160M in crypto transactions and seized computers and...
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Hackers compromise McDonald’s Instagram account to conduct $700k rug pull
Fast food chain McDonald’s’ Instagram profile promoted a scam memecoin deployed on Solana (SOL) after being compromised. The token —...
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Binance blocks $2.4 billion in potential crypto scams in 2024
Binance, the largest crypto exchange by trading volume, announced that it had prevented over $2.4 billion in potential user losses...
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How traders make over $60k per week rugging 98% of memecoins on Pump.Fun
Rugging, a term for deceptive and fraudulent crypto practices, is rampant in some areas of the crypto industry, with some...
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