Revolut prevents $13.5M of ‘potential fraud transactions’ in crypto
Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.” Go to Source
Bitcoin Scams
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Inside the Pig Butchering Scam: Real Stories from Victims
The latest Cointelegraph video discusses one of the most dangerous crypto scams, ‘Pig Butchering,’ where victims are lured into fake investment schemes. Go to Source
Wisconsin unveils tracker to fight crypto fraud and investment scams
The Wisconsin Department of Financial Institutions aims to protect investors from crypto and investment fraud with a new scam tracker based on consumer complaints. Go to Source
China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects
Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago. Go to Source
Over 70% of hacked funds are lost to CeFi entities: Cyvers
Real-time threat detection and AI integrations could further bolster Web3 security, according to the CEO of Cyvers. Go to Source
Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe
North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and … Read more
WBTC thief returns $71 million worth of stolen funds
On-chain transactions leading up to the return suggest this wasn’t a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved. Go to Source
Trader loses $68M in address poisoning scam
The attack caused the unknown trader to lose over 97% of their crypto holdings. Go to Source
UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank
According to the bank, potential cryptocurrency investors usually make an average of three payments before recognizing they’ve fallen victim to a scam. Go to Source
Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
A crypto exchange claiming $1.7 billion in daily trades and reporting $1.4 billion of daily trading volume on CoinMarketCap had reportedly displayed false license data until Estonian regulators checked it. Go to Source
