Stay alert with crypto scam news, fraud warnings, phishing cases, rug pulls, and investigations into bad actors across the industry.
Vitalik Buterin has described the bot menace as a "complete failure of blue checkmarks in their current form."
Oluwapelumi Adejumo 3 min read 
Lark continually claimed that he doesn’t get paid for his promotion of these projects despite being offered "truck loads of money daily to do so."
Aiden Pleterski and his cryptocurrency company AP Private Equity Limited allegedly cheated $35 million out of 140 investors while living in luxury.
The Better Business Bureau published a blog post that shows how crypto scams are carried out on TikTok and how to deal with them.
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 authorities' investigations revealed that the alleged thief laundered Bitcoin with the use of malicious software from the open-source Electrum wallet.
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.
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%.
In the first four months of 2022, crypto scam losses in Australia grew 166% to $140 million, compared to the same period in 2021.
