Bitcoin Reaches $112K Fueled by Nvidia-Led Tech Rally On July 9, 2025, Bitcoin surged to a new record high above $112,000, bolstered by a broader tech rally led by Nvidia. The bullish momentum also spurred excitement across the crypto space, with major news outlets spotlighting infrastructure tokens and Ethereum Layer-2 networks. As optimism grew, so…
The Alarming Reality of Social Engineering in Cryptocurrency The rapid growth and increasing value of digital assets have unfortunately made them a prime target for malicious actors. A recent, high-profile incident involving a staggering $243 million Bitcoin theft serves as a stark reminder of the potent threat posed by social engineering attacks. This case, which…
Indian Police Arrest Crypto Scam Suspect for $180K Fraud Authorities in Kolkata have arrested a 26-year-old man, Harshik Mukeshbhai Patel, for allegedly orchestrating a cryptocurrency investment scam that defrauded victims of approximately $180,000 (Rs. 1.5 crore). The arrest, carried out in Chandkheda, Gandhinagar district, Gujarat, follows an extensive investigation led by the Bidhannagar Cyber Crime…
Intensifying the Global War on Crypto Scams The U.S. Secret Service is escalating its formidable efforts to combat the pervasive threat of cryptocurrency scams on a global scale. Leveraging its specialized Global Investigative Operations Center (GIOC), the agency is forging crucial collaborations with law enforcement bodies in over 60 countries. The GIOC’s core mission is…
Stonks-9800, an early access stock-trading simulation game set in 1980s Japan, has become the latest victim of a brazen crypto scam. Despite its relatively obscure status, the game is highly praised for its distinctive style and engaging gameplay loops. Unfortunately, its success has drawn unwanted attention, as its assets, characters, and even its name have…
Artificial intelligence tools, including sophisticated chatbots, advanced deepfake software, and realistic fake ID generators, are now playing a pivotal role in enabling criminals to automate and significantly expand the scope of crypto scams and other related illicit activities. This alarming trend is highlighted in ‘The state of crypto scams 2025’ report, published by Elliptic, a…
Five members of a criminal gang have been apprehended in central Delhi’s Karol Bagh for allegedly defrauding a man of Rs 57 lakh under the guise of a USDT cryptocurrency transaction. The accused had lured the victim to an office, posing as legitimate crypto traders, where they collected the substantial cash sum but vanished without…
Jerry and Mindy Dunaway, an Atlanta-area couple, had meticulously planned for a retirement filled with travel, golf, and time with their grandchildren. However, their carefully laid financial future now lies in ruins after they fell victim to a sophisticated cryptocurrency scam that cost them a staggering US$800,000 of their retirement savings. This devastating loss underscores…
African investors have been left reeling after falling victim to CryptoBridge Exchange (CBEX), an elaborate crypto-trading platform that has been preying on individuals across the continent. Lured by promises of guaranteed monthly returns powered by AI trading systems and lucrative referral bonuses—classic hallmarks of Ponzi schemes, investors like Edwin, a Kenyan government worker, lost significant…
In a coordinated international crackdown, Spanish authorities have arrested five members of a transnational criminal network accused of orchestrating a massive cryptocurrency investment scam that defrauded over 5,000 victims worldwide. The elaborate operation, which laundered an estimated €460 million in criminal proceeds, marks one of Europe’s largest crypto-related fraud busts to date. The arrests were…
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