In December 2024, the number of cryptocurrency hacks reduced to over 25 with a total loss of $24.69 million. As per the blockchain security firm PeckShield, more than 70% of this loss can be traced back to November alone. Even though the decline is positive for the crypto industry, the ... 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
South Korean law enforcement authorities have finally admitted that the North Korean hackers had stolen $50million worth of cryptocurrency from the Upbit exchange in 2019. On the 21st of November 2024, South Korea’s National Office of Investigation (NOI) claimed that the attack, which saw 342,000 Ether stolen, was the work ... Read more
GIGA is one of the meme coins that faced a massive security incident on November 11. A whale investor had about $6.09 million in tokens stolen from him due to a highly professional phishing scam. The individual known as “Still in the Game” on X said the cybercriminals sent a ... Read more
Raymondip Bedi and Patrick Mavanga have been convicted of planning a fraudulent crypto investment scheme that swindled at least 65 people out of £1,541,799 (approximately $1.95 million. The UK’s Financial Conduct Authority (FCA) revealed that the duo tricked investors into investing in the fake cryptocurrency investment platforms between February 2017 ... Read more
Aleksei Andriunin, a 26-year old Russian living in Portugal, stands accused of wire fraud and conspiracy in regard to manipulating cryptocurrencies. Andriunin, his firm Gotbit and two of its directors Fedor Kedrov and Qawi Jalili have been accused of manipulating trading volumes for their clients in cryptocurrency . This indictment ... Read more
The crypto scams have become more complicated as seen in the recent interception of an international fraud ring that swindled a Thai woman of 21 million baht (around $620,000). The complex plan took place in Thailand, Myanmar, and Cambodia and targeted the victim with a fake cryptocurrency investment scheme, while ... Read more
A Singaporean man, Malone Lam, has been charged in the United States in relation to what is being said as one of the largest cryptocurrency thefts ever committed against an individual in the country.. Lam is charged with hacking into the account of a high net worth investor and stealing ... Read more
Five people have been put behind bars for a large-scale cryptocurrency scam, which defrauded investors out of $21.6 million. Through the EXW Wallet and EXW crypto token, the group conducted their fraudulent activities defrauding an estimated 40,000 victims. According to the report, the convicted criminals spent the stolen money on ... Read more
An Indian national has been handed down a sentence for his part in a cryptocurrency scam that targeted more than $20 million from its victims. According to a recent report, the scam had fake websites which resembled the popular cryptocurrency exchange platform known as Coinbase. Chirag Tomar, 31 years old, ... Read more
