Popular blues-rap artist G. Love trusted the wrong app after his computer broke. He searched the Apple App Store for the Ledger wallet software he'd used before, downloaded what looked identical, and entered his 12-word seed phrase to restore access. Seconds later, $430, 000 in Bitcoin and Ethereum
Last year, cryptocurrency fraud cost Americans over $11 billion, making it the top scam category for losses. The FBI’s data shows reports of internet crimes jumped from 860, 000 in 2024 to over a million in 2025. Out of the $21 billion lost to scams, crypto-related tricks accounted for more than hal
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
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 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
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
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
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
