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
Chen Zhi, a Chinese national who had been living in Cambodia, was once seen as untouchable. He had been accused of running large-scale crypto scams, but for years, he managed to evade justice. Things changed when Cambodia, his adopted home, decided to hand him over to China. Chen Zhi had become a C
In December, Bitcoin's price dropped by 4%, ending the year lower than it started. Despite this, Strategy, a software company known for its Bitcoin investments, bought over 22, 000 Bitcoin. This purchase added to their already massive holdings, bringing their total to around 3. 3% of all Bitcoin in
The crypto world is booming, but so are the scams. Recently, a young man named Ronald Spektor made headlines for allegedly stealing $16 million from Coinbase users through a phishing scam. This wasn't some high-tech hack. Instead, it was a simple trick that played on people's fears. Spektor pretend
A young man, still living with his parents, has been caught for stealing millions in cryptocurrency. Ronald Spektor, 23, allegedly tricked about 100 people into giving him their digital money. He posed as a representative from a well-known crypto exchange company, Coinbase, and convinced victims fro
A crypto trader recently made a huge mistake. They lost $50 million in USDT. How? They fell for a trick called "address poisoning. " This scam tricks people into sending money to the wrong address. Here's what happened. The trader first sent a small test amount of USDT to an address. This address s
A judge in New York recently handed down a 15-year sentence to a notorious figure in the crypto world, Kwon. The judge wasn't kind. He said Kwon was still hooked on the crypto craze and needed to be stopped. Without Kwon's guilty plea, the sentence would have been even harsher. This all started in
A Georgia resident, Olanrewaju B. Adeosun, was taken into custody in New York. He is accused of laundering almost $1 million from a business in Bergen County. This happened after a wire transfer scam was reported to the prosecutor's office in July 2024. The investigation, which lasted over a year,
The U. S. is stepping up its game against crypto scams. A new team, called the Scam Center Strike Force, is joining forces to take down these frauds. This team includes the DOJ, FBI, Secret Service, and others. They aim to stop scams that trick people out of billions of dollars. These scams, known
South Park's latest Halloween episode didn't go the typical scary route. Instead, it served up a satirical feast, mixing politics, crypto scams, and a haunted White House. The show didn't shy away from poking fun at the Trump administration and the chaotic state of affairs in Washington, D. C. Stan
