Bookmarking Crypto Insights
Auto Added by WPeMatico
Crypto scammers are increasingly exploiting trusted institutions like the FBI to deceive users, using fake Tron-based tokens and urgent messaging to steal sensitive data while losses across digital asset fraud surge into the billions. FBI Issues Warning Raising Alarm Over Expanding Crypto Scam Threat The Federal Bureau of Investigation (FBI) New York field office warned … Read more
Authorities pulled the plug on the Socksescort proxy empire, freezing $3.5 million in crypto and exposing a global router botnet. U.S. and European authorities have dismantled Socksescort, a residential proxy network powered by AVRecon malware that quietly hijacked more than 369,000 devices across 163 countries. Operating since 2020, the service sold access to infected home … Read more
Nevin Shetty, the former senior executive of startup Fabric, has been sentenced to two years in prison for a $35 million wire fraud scheme involving a high-risk cryptocurrency gamble. A Secret Side-Business A former chief financial officer’s (CFO) attempt to turn his employer’s treasury into a personal cryptocurrency “ yield farm” has ended in a … Read more
Bybit intercepted $300 million in fraudulent withdrawals in Q4 2025 using a new AI-powered risk framework. The exchange says its multi-layered defense system sets a new standard for proactive crypto security. Artificial Intelligence (AI) Shields Users as Bybit Sets New Security Benchmark in 2025 Bybit says it prevented $300 million in scam-related losses in the … Read more
Washington’s newest crypto-fraud crackdown is starting to put real numbers on a shadowy ecosystem that has quietly drained innocent people’s savings for years. Federal prosecutors say the money trail is finally being cut off – and the amount seized is staggering. DOJ Strike Force Says ‘Pig Butchering’ Networks Are Losing Access to Their Crypto War … Read more
Australian detectives have dismantled a major investment scam that defrauded over 190 elderly and vulnerable victims of $3.5 million. The Nexopayment Deception Australian Cybercrime Squad detectives have charged a man following an investigation into a large-scale investment scam that defrauded more than 190 elderly and vulnerable residents of $3.5 million. The Cybercrime Squad established the … Read more
A fugitive crypto scam operator Daren Li was sentenced in absentia to 20 years in prison and three years of supervised release for laundering more than $73 million stolen from American victims. Details of the Money Laundering Conspiracy A U.S. court has sentenced in absentia a dual citizen of China and St. Kitts and Nevis … Read more
A U.S. court sentenced the former CEO of defunct crypto firm Safemoon to 100 months in federal prison for defrauding investors. The CEO was also ordered to forfeit $7.5 million and two properties, with restitution to be determined later. Asset Forfeiture and Victim Restitution A U.S. court has sentenced the CEO of Safemoon, the defunct … Read more
In 2025, Chinese-language money laundering networks processed $16.1 billion in illegal crypto, nearly 20% of the global underground economy. Telegram Channels as Laundering Hubs Chinese-language money laundering networks funneled an estimated $16.1 billion in illicit funds through cryptocurrency transactions in 2025, according to a new report from blockchain analytics firm Chainalysis. The study found these … Read more
In 2025, Web3 fraud surged to $15.87 billion, far surpassing the $2.5 billion plus lost to traditional hacks. Unlike isolated breaches, losses were spread across millions of transactions, reflecting the rise of “industrialized” crime networks that use address clusters and cross‑platform flows. Sophisticated Networks and ‘Authorized’ Fraud In 2025, the Web3 security landscape shifted dramatically. … Read more