A shadowy online marketplace handling cryptocurrency just got hit with sanctions that could freeze its operations. The UK government named Xinbi Guarantee, a platform that lets users trade in stolen data, money-laundering tools, and even tech used for running scams. This isn’t just a small operation
The UK government recently froze assets linked to a major Southeast Asian scam network, including properties in London. The crackdown targets a crypto marketplace called Xinbi, accused of selling stolen personal data and helping launder money for North Korean hackers. Over $19 billion in crypto has
ZachXBT, a blockchain investigator, revealed a hidden network of fake X accounts that use war‑themed posts to trick people into crypto scams. These accounts were bought with large follower lists and posted exaggerated or false political content that spread quickly. When the posts went viral, t
A message that started as an innocent mistake grew into a multimillion‑dollar fraud that rattled victims across several U. S. states. The scheme did not rely on hacking or phishing links; instead, it leaned heavily on human psychology and slow‑building trust. \\ The first contact was a brief note t
A Hong Kong retiree, aged 66, lost about $840, 000 in a series of three crypto scams. The first contact happened on WhatsApp in September 2025. A person claimed to be a “virtual currency expert” and promised steady profits. The retiree sent $180, 000 and put crypto into a wallet the scammer controll
People in Washington shops are finding small machines that look like ATMs but let you buy or sell digital money. These kiosks are not backed by banks and do not follow the same rules that protect regular banking transactions. They can be handy, but many scammers use them to steal from people who tru
Braden Karony, the former head of SafeMoon, is now facing a long stretch behind bars. A judge handed him an 8-year-and-4-month sentence for stealing millions from his own company. This wasn't a small-time scam. Karony took $9 million from SafeMoon's liquidity pool to fund his fancy lifestyle. He bou
A Chinese man named Jingliang Su has been sentenced to 46 months in prison. He admitted to helping run an illegal money business. This involved over $37 million stolen from Americans through crypto scams. Su must also pay back more than $28 million to the victims. The scam affected at least 174 Ame
In 2025, crypto scams reached an all-time high, with losses hitting a staggering $17 billion. This surge wasn't just about more scams but smarter, more convincing ones. The average amount lost per scam jumped to $2, 764, a huge leap from $782 the previous year. AI and impersonation tactics played a
Betterment, a popular digital investing platform, recently alerted its users about a fake crypto promotion. This scam message, which spread on Friday, was not sent by Betterment. It came through a third-party system that the company uses for marketing and customer communication. The fake message tr
