US Seizes Domains Used in ‘Pig Butchering’ Crypto Scam

US Seizes Domains Used in 'Pig Butchering' Crypto ScamU.S. authorities have seized seven domains used in “pig butchering” cryptocurrency schemes. “Once the money is sent to the fake investment app, the scammer vanishes, taking all the money with them, often resulting in significant losses for the victim,” the Department of Justice warned. 7 Domains Used in Pig Butchering Crypto Scam Seized The U.S. […]

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Scammers Are Targeting Cryptocurrency Scam Sites to Hijack Their Targeted Audience

cryptocurrency scamCryptocurrency scam sites are being targeted by other scammers to hijack their traffic and their possible earnings. A recently detected threat actor, named Water Labbu, is manipulating the users that are drawn to these sites as a source of revenue, injecting a malicious script as a tool for interacting with the wallet that, depending on […]

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US Authorities Warn of ‘Pig Butchering’ Crypto Scam Becoming Alarmingly Popular

US Authorities Warn of 'Pig Butchering' Crypto Scam Becoming Alarmingly PopularU.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money.” ‘Pig Butchering’ Crypto Scam on the […]

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Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam

South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in the bitcoin investment scheme. 300% Return on Investment The South African […]

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Kenyans Lose Millions of Dollars to yet Another Cryptocurrency Scam: Bitstream Circle

The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals. Withdrawals Blocked Reports from Kenya have said investors in an alleged crypto Ponzi […]

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UK Police Return $5.4 Million to Cryptocurrency Fraud Victims

UK Police Return Cryptocurrency Worth $5.4 Million to Crypto Fraud VictimsThe U.K. police have returned over $5.4 million to victims of an international cryptocurrency scam. The police say that almost $10 million more will be returned to victims. So far, 127 more people have filed a claim to recoup their investments. Police Return Funds to Crypto Scam Victims The U.K.’s Greater Manchester Police (GMP) announced […]

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Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors

Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 InvestorsIndian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million. 11 People Arrested so Far in Cryptocurrency Scam in India Indian police have cracked down on a cryptocurrency investment scheme that has duped over 2,000 investors out of 40 crore […]

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Binance Warns Crypto Investors of ‘Massive Phishing Scam via SMS’

Binance Warns Crypto Investors of 'Massive Phishing Scam via SMS'Cryptocurrency exchange Binance has warned investors of a “massive phishing scam via SMS.” The scammers sent SMS messages to crypto users informing them of a withdrawal request from an unknown IP address they may want to cancel. Massive Phishing Scam Targeting Crypto Investors Binance CEO Changpeng Zhao (CZ) tweeted Friday: There is a massive phishing […]

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India Seizes Assets in $162M Morris Coin Cryptocurrency Investment Scheme

Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies. India Authorities Seize Assets in Alleged Crypto Scam Case India’s Enforcement Directorate (ED), a specialized financial investigation agency under […]

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