BNB Smart Chain Scam Reportedly Reduces by 75% in Q3
Security firm HashDit and AvengerDAO says lower amount have been lost to scams on BNB Smart Chain (BSC) in the third quarter of 2023, corresponding to a reduction of 75% in the sum at risk of fraud. Based on data provided by security firm HashDit and AvengerDAO, the amount of funds used to facilitate scams […]
Himachal Crypto Scam: SIT Arrests 8 More, Including 4 Cops
The Special Investigation Team (SIT) in Himachal Pradesh has arrested 8 more people, including 4 police officers, in connection with a massive cryptocurrency scam worth Rs 2,500 crore. The scam has affected over 1 lakh people, including 5,000 government employees. The Special Investigation Team (SIT) in Himachal Pradesh has continued its crackdown on a huge […]
Mumbai Police Seizes $3.92 M in Crypto Scam
Navi Mumbai police, on October 18th, uncovered a massive cryptocurrency scam worth $3.92 million while arresting 2 after a person fell prey to fraud involving fake promises of returns. According to reports, the Navi Mumbai police seized several bank accounts related to the crypto fraud, totaling approximately $3.92 million or Rs.32.6 crore. A Mumbai resident […]
TRM Labs Acquires Crypto Scam Reporting Platform Bitcoinabuse.com
According to an announcement, a famous website for reporting cryptocurrency scams, Bitcoinabuse.com, has been acquired by TRM Labs. The acquisition will improve Chainabuse, which TRM Labs powers and is the most popular website for reporting harmful crypto activities. A community-driven website called Chainabuse enables anybody to report and investigate cryptocurrency frauds like phishing, ransomware, blackmail, […]
OneCoin Lawyer Loses Appeal for New Trial in $4B Crypto Scam
Mark Scott, a lawyer who laundered $400 million from the OneCoin cryptocurrency fraud, has failed to secure a new trial despite claiming legal errors and false testimony in his original trial. Scott was convicted of bank fraud and money laundering in 2019 for his role in the scam orchestrated by Ruja Ignatova, the fugitive “Cryptoqueen.” […]