Footprint Analytics · 3 hours ago · 7 min read
Fraudsters posing as Michael Saylor strip people of over $4 million in Bitcoin
An impostor posing as MicroStrategy’s Michael Saylor has been able to defraud victims of over $4 million in a giveaway scam.
The IRS seized $4 billion worth of Bitcoin and other cryptos this year
Between 2020 and 2021, the IRS seized around $3.5 billion in crypto which is roughly 93% of all the funds seized by the tax agency.
Crypto DeFi crime hit $10.5 billion in 2021, research shows
Regular frauds and scams have plagued the DeFi industry since its inception, displaying how the industry is still largely unregulated and in need of additional supervision.
US agency FBI gives tips on dealing with the rise in crypto ATM fraud
The FBI warns of the rise in crypto ATM/QR scams which involve grooming the victim.
Crypto fraud in U.K. leads to $200 million losses in 2021, authorities say
A recent report has revealed that crypto investors in the United Kingdom have lost as much as $200 million in this year alone.
Malware victim robbed of 16 Bitcoin to sue parents of young hackers
Complexities in the case mean the odds are stacked against the victim seeing his Bitcoin again.
China court doubles down on crypto FUD. Says sector ‘not protected by law’
The case marks the latest proceeding against cryptocurrencies from the historically crypto-adverse Chinese government.
SEC lays the smackdown on alleged $12 million crypto scam ‘Profit Connect’
Profit Connect allegedly scammed victims on the promise of guaranteed returns.
The FBI issues warning to cryptocurrency users over growing threat of cybercrime
Research shows crypto crime is falling, contradicting the warning issued by the FBI
$250 million worth of cryptocurrency seized in UK
Police seized crypto worth hundreds of millions of dollars in the biggest-ever move of its kind.
Bitcoin, catfishing, drugs: How a Tinder match almost led to crypto robbery
Bitcoin holder drugged on a Tinder date, gives access to his phone and loses consciousness.
33 face heat in Korea over alleged $1.48 billion in crypto transfers
A total of 33 residents of South Korea are facing charges or fines for crypto transfers that violated the Foreign Exchange Transaction Act.
US Feds just sold $19 million in Bitcoin. Here’s why
After two years of holding seized Bitcoin, the US authorities cash in more than $16 million.
5 ways to lessen personal and financial risks from DeFi exploits
The burgeoning DeFi sector remains one of the riskiest parts of both finance and the internet. Here’s how to stay protected.
Duo vanishes with 69,000 Bitcoin, stash worth $4 billion at peak BTC prices
The notorious operators of an African crypto exchange made away with 69,000 Bitcoin.
FT says cybercriminals prefer Monero (XMR) to Bitcoin, but here’s what it didn’t get right
Our right to privacy is being attacked on baseless claims.
Celsius boss calls US senator Elizabeth Warren’s Bitcoin comments ‘amateurish’
Senator Elizabeth Warren recently stated that cryptocurrencies were a haven for illegal activity. But industry insiders differ.