Stay alert with crypto scam news, fraud warnings, phishing cases, rug pulls, and investigations into bad actors across the industry.
Centralization issues in DeFi last year led to investors losing over $1 billion of their funds.
Oluwapelumi Adejumo 3 min read 
Over 600 REKT projects in 2021, mostly from Exit scams & Honeypots, funds lost totaling to $2.2 billion.
Investors in Frosties NFT were lured to project through fake promises of rewards and giveaways.
Crypto scammers now look to defraud the public using a QR code and a crypto ATM.
Pakistan's Federal investigation Agency reportedly sent a notice to crypto exchange Binance concerning an investigative scam that involves nearly $100 million.
It's alleged scammers hacked DexTool to convince users they were buying legitimate MetaMask tokens.
Rug pulls surfaced as the “go-to scam” this year, accounting for 37% of all cryptocurrency scam revenue in 2021.
The first dog coin experiment to launch on Avalanche ended spectacularly.
Crypto scammers during the month of October got around $9 million by defrauding their victims through fake giveaway scams on YouTube.
