An Oklahoma man has pleaded guilty to running a cryptocurrency ponzi scheme that targeted thousands of investors. Travis Ford, the CEO and co-founder of Wolf Capital Crypto Trading LLC (Wolf Capital) made fraudulent representations of high yield investment. Ford stated that Wolf Capital guarantees daily gains of 1-2%, thus giving ... Read more
The notorious hacker group Blockchain Bandit has come back to the cryptocurrency community with a new attack plan. At this address, on December 30, 2024, the group moved 51,000 Ether (ETH), which is approximately $172.2 million, into a single wallet. This is the first major activity of the group for ... Read more
Fintech firm Revolut has revealed plans to roll out its payment solution, Revolut Pay, to crypto users in 2025 to protect users from as the incidence of fraud in the crypto market rises. Given the increasing number of cryptocurrency scams, firm is looking to offer a safer platform for those ... Read more
In a shocking turn of events, an Uber driver impersonator in Scottsdale, Arizona, has been arrested for allegedly masterminding a sophisticated crypto heist, stealing a combined $300,000 from two unsuspecting passengers. This incident underlines the vulnerabilities of both digital and physical security in the cryptocurrency age. According to a Dec. ... Read more
The UK government’s Bitcoin holdings have recently caught attention after blockchain analytics firm Arkham Intelligence discovered the wallet containing a staggering 61.245K BTC, valued at $6 billion. The discovery highlights the government’s role in crypto assets, particularly as the value of seized assets rose significantly due to market fluctuations. Bitcoin ... Read more
The Phishing scams in November reportedly involved $9.38 million transfer, and 9,200 plus people, according to a blockchain analytics firm. The biggest loss was $661,000 in stETH lost in minutes which speaks volumes of the speed and destructiveness of these hacks. Other key events of the year also featured in ... Read more
The cryptocurrency industry is expanding constantly, and it is home to many new ideas as well as scams. In collaboration with Storible, 5Money recently conducted a study to determine which countries are most likely to create scams or fail in 1,500+ crypto projects. The results show that there is a ... Read more
Five people have been accused by US prosecutors of engaging in a complex hacking operation that saw them steal over $11m worth of cryptocurrency and other information. The accused, allegedly affiliated to the ‘Scattered Spider’ hacking group, allegedly sought personal and businessmen and companies through phishing and SIM-swapping to get ... Read more
A 24-year old Dutch man has been arrested by the Spanish National Police for running a massive cryptocurrency fraud that generated him €20 million. The suspect, who had a fraud network that preyed on people across Europe, was arrested in Marbella on 17 September as part of a six-month operation ... Read more
A Federal Court in Washington has recently convicted Ilya Lichtenstein a major player in the Bitfinex hack of 2016. The verdict was read on November 14, a day after the prosecutors demanded a severe consequence for his part in one of the most significant crypto heists of all time. His ... Read more
