Investigating fraudulent and scammy projects.
The Better Business Bureau warned about crypto investment scams on TikTok
The Better Business Bureau published a blog post that shows how crypto scams are carried out on TikTok and how to deal with them.
US Treasury Department blacklists Bitcoin addresses linked to Iran ransomware group
The backlisted bitcoin addresses were linked to Nikaeen Ravari and Khatibi Aghada, who worked with the IRGC to develop and deploy ransomware that threatened the national security of the US.
Dutch police arrest suspected Bitcoin thief by tracing transactions on blockchain
Dutch authorities' investigations revealed that the alleged thief laundered Bitcoin with the use of malicious software from the open-source Electrum wallet.
US lawmakers warn that Facebook, Instagram are ‘becoming breeding ground’ for crypto scams
An FTC report states that Meta's Instagram facilitated 32% of scams reported on social media, while Facebook and WhatsApp were cited 26% and 9% of the time, respectively.
New Free DAO crashes 99% after $1.25M flash loan attack
The attacker was able to borrow 4481 WBNB and swapped it for NFD tokens amounting to $1.25 million. A sell-off of the tokens forced the price to crash by 99%.
Australia creates special crypto police unit to crack down on money laundering
In the first four months of 2022, crypto scam losses in Australia grew 166% to $140 million, compared to the same period in 2021.
FatManTerra educates community on crypto scams by creating fake investment scheme
Crypto Influencer FatManTerra shared a fake investment scheme that attracted over $100k from his followers. He has called off the trick and warned the community against falling for crypto investment scams.
UK judge rules to extradite Christopher Hamilton to US for trial on OneCoin scam
Two Britons Hamiton and McDonalds had filed to avoid extradition the US. A UK Judge, however, ruled that Hamilton will proceed for trials in the US, while McDonald will remain in the UK.
Thodex founder arrested in Albania
Thodex founder Fatih Özer was arrested in Albania on Aug. 31 and is set to be deported back to Turkey.
Former NetVRk CEO claims founders used investor funds to buy real-world luxury home
NetVRk, a web3 metaverse project, is in the midst of a scandal as Ex-CEO Daniel Kennedy took to Twitter to make allegations of embezzlement toward the project founders. NetVRk deny the allegations.
Dogechain developer wallet caught dumping 1 million tokens a minute
So far, the Dogechain Twitter has not addressed concerns of token dumping just one day after DC airdrop distribution.
SudoRare developers reap $815,000 from rug pulling project
Six-day old SudoRare protocol has cost investors $815,000 after developers shut down the project.
CommerceBlock CEO slams US Treasury Department’s crackdown on Tornado Cash, says it ‘makes little sense’
The U.S. Department of Treasury sanctioned the crypto mixer Tornado Cash website on August 8, claiming that cybercriminals with affiliations to North Korea have been using it to launder money.
Over $1M lost in Polygon-based Dragoma rug pull
Blockchain security company PeckShield first reported the alleged rug pull, noting the sharp decline in the value of Dragoma's token DMA.
DeFi Sybil attack created $7.5B fake TVL on Solana from ‘anon’ developers
How did two brothers from Texas create $7.5 billion worth of fake TVL on Solana and what is the wider implication for Sybil resistance in a decentralized, open-source ecosystem?
Chainalysis reports $2B lost in cross-chain bridge hacks
Questions over interoperability arise as Chainalysis say thefts from cross-chain bridge hacks now account for 69% of all hacks.
North Koreans reportedly targeting crypto jobs for insider access
Beyond plagiarizing resumes, researchers also discovered that some suspected North Koreans doctored qualifications when applying for jobs.