Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the scammers were promised a monthly salary of $160. Young Namibians Recruited The Namibian police are reported to have…
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The mastermind behind a massive $24 million crypto fraud scheme in India has managed to evade Indian security agencies and escape from the country. The criminal, identified as Subhash Sharma, fled the nation just as authorities were closing in on him, authorities confirmed to local media. … Read More: Mastermind Behind India’s $24 Million Crypto Fraud…
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Three individuals involved in a global fraud and money laundering operation linked to the cryptocurrency scheme, AirBit Club, have received prison sentence, Department of Justice revealed in a press release. Scott Hughes, an attorney who played a key role in laundering approximately $18 million in fraudulent AirBit Club proceeds, has been sentenced to 18 months…
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India is currently witnessing an alarming surge in cryptocurrency-related frauds, leaving investors in despair and criminals largely unchecked. The absence of clear regulations in the cryptocurrency space can largely be attributed to the encouragement of these illicit activities. … Read More: India Struggles to Curb Rising Crypto Frauds, Victims Left in a Legal Abyss Amid Regulatory…
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A former Microsoft Security Lead has insisted that a great proportion of digital assets worth billions of dollars are secure and are being “safely managed by hundreds of protocols.” The security expert suggested that protocols also need to have a platform that allows users to rate or assess the robustness of security systems. A Comprehensive…
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A crypto whale has reportedly fallen victim to a staggering $4.46 million phishing scam. The unidentified crypto holder transferred approximately $4.46 million worth of Tether (USDT) from a Kraken crypto exchange wallet to an address ending in “ACa7,” as per data from Etherscan. Blockchain security firm PeckShield has identified the destination address as belonging to…
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The X account of Ethereum founder Vitalik Buterin has apparently suffered a breach by scammers spreading phishing links. The attack, which manifested itself in the form of a post offering free digital collectibles, has allegedly resulted in the loss of over $690,000 for those who fell for the fraud. Scammers Lure Victims With Phishing Post…
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The Australian cryptocurrency exchange Swyftx has said it will offer financial rewards to users who complete its crypto education course. The crypto exchange said it expects as many as 80,000 participants and has promised a reward of just over $64 for those completing the course. Improving the Public’s Knowledge and Understanding of Cryptocurrencies An Australian…
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Israeli law enforcement recently raided the offices of a company accused of producing software used by criminals to defraud crypto investors of millions of dollars. Some six suspects were arrested following the raid on a company that is reportedly operated by the country’s infamous crime families. ‘Sting Software’ The Israeli police’s National Cyber Crime Unit…
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Australian crypto exchange Swyftx has launched a ‘Learn and Earn’ education platform with an aim to better equip Aussies with “crypto knowledge until such time as the industry is fully regulated.” Tom Matthews, head of corporate affairs at Swyftx told Cryptonews that there has been a surge in demand for educational resources on blockchain tech…
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