An investigation by the Brazilian Federal Police, U.S. Homeland Security Investigations (HSI) and multiple law enforcement partners led to the disruption of a transnational cryptocurrency fraud ring …
Payments Giant Mastercard Launches Cryptocurrency Anti-Fraud Tool for Card Issuers
Payments giant Mastercard today is launching Crypto Secure, a new software product designed to help banks and other card issuers identify and block suspicious transactions from crypto exchanges, …
FBI warns of “Pig Butchering” cryptocurrency investment schemes
The Federal Bureau of Investigation (FBI) warns of a rise in 'Pig Butchering' cryptocurrency scams used to steal ever-increasing amounts of crypto from unsuspecting investors. The warning was issued …
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Fake cryptocurrency giveaway sites have tripled this year
The number of websites promoting cryptocurrency giveaway scams to lure gullible victims has increased by more than 300% in the first half of this year, targeting mostly English and Spanish speakers …
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Unraveling How Cybercriminals Extort Businesses Worldwide
The paper, "An Anatomy of Crypto-Enabled Cybercrimes," takes a detailed look at how highly sophisticated criminal organizations, mainly based in Russia and North Korea, extort money from corporations …
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Ukraine’s National Police Exposes Crypto Cybercrime Group Targeting Europeans
The National Police of Ukraine (NPU) successfully took down a network of "call centers" on Tuesday that targeted Ukrainian and European Union citizens who had been victims of crypto scams. The …
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Security tips to avoid crypto fraud
The crypto market is ripe with lucrative investment prospects, but fraud and other security flaws continue to plague the sector. Therefore, learning ways to avoid crypto fraud is now imperative. How …
How to tell if a cryptocurrency project is a Ponzi scheme
The crypto world has experienced an increase in Ponzi schemes since 2016 when the market gained mainstream prominence. Many shady investment programs are designed to take advantage of the hype behind …
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DeFi Has Become Crypto Crime’s Main Arena, Crystal Blockchain Says
More than $14.5 billion in crypto has been lost to hacks and scams since 2011, and DeFi (decentralized finance) is attackers’ new favorite target, says analytics firm Crystal Blockchain. In the past …
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Cryptocurrency’s first insider trading scheme leads to 3 being charged
A former employee of the cryptocurrency exchange platform Coinbase and two others were charged by the U.S. Securities and Exchange Commission for alleged insider trading valued at more than $1.1 …
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