Stay alert with crypto scam news, fraud warnings, phishing cases, rug pulls, and investigations into bad actors across the industry.
Leveraging viral interest in OpenAI's ChatGPT, scammers are introducing tokens via honeypot scams designed to fool investors.
Dorian Batycka 3 min read 
Approximately $5 million was raised from the initial sale of the NFTs in 2022, prompted by many of the industry's biggest influencers
Jesse Powell and Caitlin Long said that trying to do the right thing by warning regulators of possible scams blew up in their faces.
Chainalysis report revealed 24% of tokens launched in 2022 experienced a significant price decline within the first week of launch.
Nearly half of this amount was stolen through diverse methods including dodging verification, crowd looting, and market manipulation.
Korean authorities confirmed traveling to Serbia in search of Do Kwon last week, but did not comment further.
The U.K. government pledged to "tighten the rules, including the introduction of a requirement to verify information provided to Companies House" to more effectively combat the fraudulent activities.
The company said that the breach extended to Instagram and Facebook.
Ransomware payments fell $309M in 2022 from a high of $766M in 2021 as victims refuse to pay OFAC sanctioned attackers
