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Revenue from crypto scams spike 81% to a near-record $7.7 billion in 2021, says Chainalysis
The surge was paced by a type of scam called "rug pulls," which is when developers unexpectedly aba…
Carla Mozée
'I'd been suicidal for days': Sam Bankman-Fried lieutenant testifies about immense pressure to keep FTX crypto scam going before it all crashed
Nashad Singh, FTX's former head of engineering, testified in SBF's criminal trial about spiraling i…
Jacob Shamsian
Common crypto scams you should know about before diving into the crypto market
Crypto scams can be as simple as phishing and fake websites, or more complex like NFT rug pulls.Cry…
Some of the biggest cryptocurrency HODLers are also crypto criminals, finds Chainalysis report
More than 4,000 of the biggest cryptocurrency accounts have gotten their tokens through illicit mea…
New Jersey has cracked down on 5 crypto sites for running fraudulent investment schemes
All platforms, according to authorities, used tactics common in investment scams to lure investors …
Isabelle Lee
Scammers are exploiting Google, Amazon and Apple’s services to steal crypto
Scams around Google, Amazon and Apple’s platforms have been recorded in the last six months. Scamme…
The stunning growth of cryptocurrency markets in 2021 also came with an 80% rise in crypto crimes, new analysis shows
In 2021, crypto-based crimes hit a new all-time high with illicit addresses receiving $14 billion, …
Isabelle Lee
Facebook’s fake crypto ads are being taken to court by Australian billionaire Andrew Forrest
In more bad news for Facebook, Australian billionaire Andrew Forrest has filed a criminal case agai…
Scammers are using crypto ATMs and impersonating everyone from law enforcement to utility workers to steal money, the FTC warns
"Nobody from the government, law enforcement, utility company, or prize promoter will ever tell you…
Carla Mozée
AscendEX suspends crypto withdrawals as hack wipes out $77.7 million worth of Ethereum, Polygon and other tokens
For now, customer withdrawals have been suspended, as AscendEX is conducting a security review…
The amount stolen in crypto heists is up 60% this year to $1.9 billion, according to Chainalysis
A report by Chainalysis estimates crypto hackers have gotten away with $1.9 billion from January to…
Jennifer Sor
Russia's new crypto law is less than a week away — Here’s what we know so far
By the end of the week, Russia is expected to roll out new laws to govern cryptocurrencies in the c…
Almost all large-scale bitcoin miners in Texas pause activity as state braces for possible rolling blackouts
Bitcoin miners were already under pressure from cratering crypto prices. Now, a heat wave is pushin…
Brian Evans
Mark Cuban learned his crypto investing lesson the hard way after losing $200,000 on a little-known token
"I should have done more homework on it," Cuban told The New York Times about his investment in a l…
Natasha Dailey
US stocks trade mixed as investors digest latest inflation data
"If long-term interest rates continue to stabilize, we believe the stock market will find a bottom …
Phil Rosen
Coinbase gets hit with a downgrade from BofA as the FTX implosion brings more pain to crypto markets
"Any meaningful and sustained deterioration in crypto asset prices (bitcoin price of $10k) would be…
Matthew Fox
The cost of selling its IPO has eroded nearly all of Nykaa's profit
Beauty and fashion ecommerce platform Nykaa — which wowed the Indian investors with its stellar deb…
Frosties creators arrested for $1.1 million NFT rug pull scam
The creators of the Frosties project could be looking at over 20 years in prison if they’re found g…
Zomato has officially pulled out of all international markets
Zomato has pulled the plug on almost all its international businesses, including the United States …
The US Justice Department is selling $56 million worth of crypto seized in massive bitcoin investment fraud case
The $2 billion BitConnect scheme is the largest cryptocurrency fraud ever criminally charged, the J…