Cryptocurrency scams

Image Source : FILE Crypto phishing scams targetted 320000 users to steal around USD 300 million in 2023 Wallet drainers are one of the known malware which is related to cryptocurrency. A new report has recently revealed that the malware has stolen USD 295 million in cryptocurrencies from about 324,000 victims in 2023. According to Scam Sniffer, cybercriminals stole…

In a troubling trend spanning the past year, cybercriminals have orchestrated a series of phishing scams to pilfer millions of dollars in cryptocurrency assets via deceptive ads on major platforms, including Google and X. Uncovered by cybersecurity experts at ScamSniffer, these scammers are employing a sinister tool known as 'wallet drainers' to carry out their nefarious schemes in phishing scams. Disclosed in a recent blog post, ScamSniffer reveals that the initial detection of this wallet drainer occurred within Google…

Chinese criminals running cryptocurrency scams in Southeast Asia are targeting Filipinos to work for them because of their English-language and computer skills, a Philippine foreign ministry official said Monday. Filipinos were "prized" targets for scam networks operating in Myanmar, Laos and Cambodia, said Eduardo de Vega, acting undersecretary for migrant workers' affairs at the Department of Foreign Affairs. De Vega said efforts to repatriate Filipinos sucked into the scams were ongoing, with more than 100…

Freeman's lawyer, Mark Sisti, said Freeman actually warned people of scams and he helped businesses in the community. A New Hampshire man was convicted Thursday of running an unlicensed bitcoin exchange business and laundering over $10 million in proceeds of romance scams and other internet frauds following a two-week federal trial. Prosecutors said Ian Freeman “created a business that catered to fraudsters" by failing to register his business with the Financial Crimes Enforcement Network as required by law,…

Ruja Ignatova, the once-founder of OneCoin, is now on the FBI’s top 10 most wanted.Screenshot: FBI VideoRuja Ignatova, who in the past dubbed herself the “Cryptoqueen,” is now sitting with a fancy crown in a new royal court: the FBI’s top 10 most wanted.FBI officials and federal prosecutors announced Ignatova’s new designation in a press conference Thursday. Ignatova was charged in 2019 with wire fraud, securities fraud, and conspiracy to commit money laundering for her part in the OneCoin crypto company that prosecutors …