Crypto Founder Pleads Guilty to $9,400,000 Ponzi Scheme That Defrauded Thousands of Investors

January 12, 2025 The Daily Hodl

Crypto Founder Pleads Guilty to ,400,000 Ponzi Scheme That Defrauded Thousands of Investors

crypto scam

The CEO and co-founder of purported cryptocurrency investment firm Wolf Capital just pleaded guilty to his role in a Ponzi scheme that looted millions of dollars from investors. According to the U.S. Department of Justice (DOJ), Travis Ford used Wolf Capital’s website, social media and internet-based promotional activities to solicit investments between January 2023 and […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Haliey Welch of Hawk Tuah Fame Faces Backlash Over Alleged Memecoin Pump-and-Dump: Report

December 6, 2024 The Daily Hodl

Altcoins

Internet personality Haliey Welch, herself of meme fame, is facing backlash and serious accusations after the implosion of her HAWK memecoin. According to a report from the BBC, the Talk Tuah host’s Solana (SOL)-based memecoin HAWK lost more than 95% of its value within hours after launch, prompting YouTuber Coffeezilla to accuse Welch of executing […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Crypto Scam Epidemic: US Founders Responsible for Nearly Half of All Scam Projects

November 21, 2024 Bitcoin.com

bitcoin.com

A new study reveals that the United States leads in both scam and failed crypto projects. US Leads in Crypto Scams, Study Finds According to a study examining more than 1,500 crypto projects, U.S. founders account for 43.4% of all identified scam crypto projects in 2024. Between January and October, the country’s share of total […]

Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Fake Curve Finance app scams users, tops global finance charts

October 26, 2024 Coin Telegraph

Apple Store

A fake Curve Finance app has infiltrated Apple’s app store, gaining popularity despite warnings from the community.

A counterfeit application posing as the decentralized finance (DeFi) platform Curve Finance has gained traction in the Apple app store, ranking among the top 100 finance apps on Oct. 26.

Despite being flagged by multiple users as a scam, the app is trending in regions including Europe, Latin America, New Zealand, the United States and Southeast Asia, putting unsuspecting users at risk.

However, the app’s poorly crafted store description could still impact vulnerable users. It states: “Curve defi v3 is an amazing app. Arrange the blocks to make a perfect row and clear it!”

Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

FBI Seizes More Than $6,000,000 in Crypto From Southeast Asian Scammers Preying on US Citizens

September 29, 2024 The Daily Hodl

crypto

The Federal Bureau of Investigation (FBI) has seized millions of dollars worth of crypto assets from entities in Southeast Asia that allegedly targeted US citizens. In a new announcement on the social media platform X, the FBI says that they’ve seized $6 million worth of digital assets from Southeast Asian scammers who prey on people […]

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Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

FBI seizes $6M from crypto scammers targeting US citizens

September 28, 2024 Coin Telegraph

FBI seizes M from crypto scammers targeting US citizens

Blockchain

Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized.

Authorities have seized over $6 million worth of cryptocurrency from wallets connected to Southeast Asia based scammers targeting United States citizens with confidence investment schemes.

On Sept. 26, the US Attorney’s Office for the District of Columbia reported the fraud saw “one or more individuals” lose millions of dollars after being misled into believing they were investing in legitimate crypto enterprises.

The FBI traced the stolen funds on the blockchain and located multiple crypto wallet addresses connected to the scam, which still held over $6 million of victims’ digital assets.

Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Indian Supreme Court recovers YouTube account from XRP scammers

September 21, 2024 Coin Telegraph

Brad Garlinghouse

XRP scammers hacked the Supreme Court of India’s YouTube account, and although it was recovered, it lost its subscriber base.

The Supreme Court of India regained control of its official YouTube account shortly after it was hijacked by cryptocurrency scammers selling fake XRP investments.

On Sept. 20, the Supreme Court of India’s YouTube account was used to broadcast a livestream video about fake XRP (XRP) investments featuring Ripple Labs CEO Brad Garlinghouse.

The hackers rebranded the channel to resemble Ripple and deleted all previously uploaded content, as shown in the screenshot below.

Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Decentraland X account hacked, phishing scam targets MANA airdrop

September 19, 2024 Coin Telegraph

Blockchain security

PeckShield has warned Decentraland followers of an ongoing phishing attack using a fake MANA airdrop, urging users to avoid interacting with it.

PeckShield, a blockchain security firm, warned in an X post on Sept. 19 that the official Decentraland X account had been compromised.

The attackers are reportedly circulating a phishing link posing as a MANA token airdrop to deceive the virtual reality (VR) platform’s social media followers.

The link redirects users to a website that prompts users to claim the token airdrop by connecting their wallets, only to have their funds compromised shortly after.

Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General

September 6, 2024 Bitcoin.com

Bitcoin

Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered full restitution and penalties, enabling the Attorney […]

Bybit Enhances Market Clarity by Making Real-Time Crypto Liquidation Data Public

Angel Drainer upgraded, deploying 300+ malicious dApps in 4 days

September 5, 2024 Coin Telegraph

angel drainer

Notorious crypto phishing app Angel Drainer is back with a new system dubbed “AngelX” and it's easier to use and stealthier than ever before.

The notorious crypto phishing toolkit Angel Drainer is back, this time with a new and improved version called AngelX which has already deployed hundreds of malicious apps, according to a new report from blockchain security firm Blockaid.

In a Sept. 4 statement shared with Cointelegraph, Blockaid said the new AngelX system had already deployed 300 malicious decentralized applications (DApps) designed to steal digital assets from crypto users.

Blockaid said one of the more worrying features of AngelX is its upgraded support for phishing apps targeting users on “newer, less mature blockchains,” including The Open Network (TON) and Tron network.

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