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LEGO removes crypto scam from homepage after being hacked: Report

The "LEGO Coin" token appeared on the toy manufacturer's homepage for roughly 75 minutes before being taken down, onlookers said.

Toy manufacturer LEGO Group has reportedly removed a "LEGO Coin" token scam that briefly appeared on its homepage after being hacked on Oct. 5, reports state.

X user and LEGO enthusiast “ZTBricks” was among the first to spot the scam, which promised “secret rewards” to those who bought LEGO Coin, several screenshots on X show:

Those who clicked the “Buy Now” button beneath the message were reportedly taken to the phishing site.

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Maryland Police Warn Gmail Users of Phishing Scam Demanding Bitcoin

Maryland Police Warn Gmail Users of Phishing Scam Demanding BitcoinMaryland State Police have warned of a scam targeting Gmail users, using phishing tactics to extort money through unsettling threats. Scammers are sending victims emails with Google Maps photos of their homes and demanding bitcoin payments, falsely claiming they possess incriminating evidence. The police are investigating, urging caution and providing resources for reporting these incidents. […]

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Crypto Hacks and Scams Cost $300 Million in August

Crypto Hacks and Scams Cost 0 Million in AugustIn August, approximately $310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $10.3 million were recovered, resulting in a net loss of $300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest exploit total loss of just over […]

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Crypto losses to hacks exceed $313M in August

The two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million.

Cryptocurrency hackers stole $313.86 million in digital assets in more than 10 cyberattacks in August, raising doubts about the broader acceptance of the asset class. 

According to blockchain security firm PeckShield, phishing attacks alone accounted for 93.5% of all stolen crypto funds, resulting in a loss of $293.4 million.

Out of the top five hacks in August, two phishing attacks drained $238 million of Bitcoin (BTC) and $55.4 million worth of Dai (DAI). 

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Avalanche Discord Compromised—Fake Token Scammers Strike Again

Avalanche Discord Compromised—Fake Token Scammers Strike AgainFollowing the hack of the Polygon Discord server, Avalanche’s official X account (@avax) alerted the public that their Discord channel had also been breached. “SECURITY ALERT,” Avalanche announced. “The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice.” Just like the Polygon Discord breach […]

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Ava Labs COO’s X account suspected as hacked after posting memecoin

The X account of Ava Labs’ operating chief, Luigi D’Onorio DeMeo, has been touting memecoins and other suspicious links, prompting many to warn it's likely a phishing scam.

Ava Labs’ chief operating officer, Luigi D’Onorio DeMeo’s X account, is suspected of being hacked after posting about a newly launched Pokémon-themed memecoin and links to suspicious airdrops. 

Two of the posts on Aug. 19, which have now been deleted, shared the address to a Solana-based memecoin called Pika (PIKA) — styled after one of the media franchise’s central characters, Pikachu — in an apparent pump-and-dump scheme.

Many crypto users on X have posted warnings not to click or follow any links. 

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Connecticut Police Recover $63,500 in Cryptocurrency Scam

Connecticut Police Recover ,500 in Cryptocurrency ScamConnecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, reported in April by a Cheshire resident, involved the loss of over $68,000 in cryptocurrency through a fraudulent scheme offering new tokens. Utilizing blockchain […]

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Angel Drainer reportedly shuts down after devs potentially identified

Two hours after Match Systems claimed to have discovered the identity of Angel Drainer developers, users began complaining that the app no longer worked.

Notorious crypto phishing app Angel Drainer has reportedly been shut down by its developers after they were potentially identified, according to a July 16 report from blockchain security firm Match Systems.

Security analysts have previously blamed Angel Drainer for over $25 million in crypto losses from phishing scams.

Drainer programs are apps that allow phishing scammers to easily drain the wallets of crypto users by tricking them into accidentally making token approvals. In most cases, drainers are provided to scammers in exchange for a portion of the stolen loot the scammers acquire.

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TON ecosystem scams on the rise: How to stay safe

As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.

The Open Network (TON), a blockchain platform integrated with Telegram, has experienced record-breaking growth in 2024. The number of onchain-activated wallets surged from approximately 1 million in January to over 9 million in June.

However, TON’s massive inflow of new users has not been overlooked by scammers. In June 2024, blockchain security firm SlowMist issued a warning on increasing phishing attacks on the TON ecosystem.

As the TON Foundation ambitiously expects to onboard 500 million users by 2028, it raises the question of how to properly protect users from attacks of all possible vectors without hindering rapid adoption.

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Coinbase-posing scammers steal $1.7M from a user amid a string of attacks

A victim who claims to have lost $1.7 million said a scammer called them claiming to be from Coinbase and sent emails that looked like they came from the crypto exchange.

At least three Coinbase users and one crypto user have reported being targeted by Coinbase-impersonating scammers in the past week, with one victim claiming to have been swindled out of $1.7 million.

Edge & Node co-founder Tegan Kline shared to X on July 7 an explainer from a “good friend” who had their self-custody wallet drained of $1.7 million a day prior after a scammer tricked them into sharing part of their seed phrase.

The victim said the scammer called claiming they were from Coinbase’s security team and sent the victim an email that appeared to be from Coinbase that verified the victim was “speaking to an official representative at Coinbase.”

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