Secret Service Transforms into a Crypto Crime-Fighting Powerhouse The U.S. Secret Service, traditionally known for protecting financial integrity and high-ranking officials, is quietly evolving into one of the world’s most sophisticated crypto crime-fighting units. Now armed with advanced blockchain forensics instead of traditional methods, the agency is making significant strides in combating digital financial crimes.…
A Canadian pharmacy manager, Raelene Vandenbosch, has initiated a multi-million dollar legal battle after reportedly losing 12.57969337 bitcoins, now valued at approximately $1,359,246, to a sophisticated SIM-swapping scam. Her lawsuit targets telecom giant Rogers Communications and Match Transact Inc., alleging that a critical security lapse by a cellphone store employee was directly responsible for the…
U.S. federal prosecutors have successfully recovered $40,300 in cryptocurrency directly linked to a sophisticated scam that targeted the Trump-Vance inaugural committee. The perpetrator orchestrated an elaborate email phishing scheme, falsely claiming to represent the committee. Through this deception, the scammer convinced an unsuspecting donor to transfer crypto assets to a wallet they believed was officially…
One in five Americans now owns cryptocurrency, according to the National Cryptocurrency Association. But despite its growing popularity, most Americans remain sceptical of its safety as an investment. A recent Pew Research Centre poll revealed that 63% of Americans have little to no confidence in the reliability or security of investing and trading in digital…
A family in East Texas has been reunited with their stolen funds thanks to the rapid response of Jasper County deputies who tracked and recovered nearly $32,000 from a Bitcoin ATM following a sophisticated scam. The case unfolded earlier this week after the family reported being coerced into transferring $25,000 to scammers posing as a…
In a landmark move against cryptocurrency-related crime, the U.S. Department of Justice (DOJ) has seized over $225 million in digital assets linked to one of the largest investment scam operations ever investigated. The crackdown, which targeted a sophisticated form of online fraud known as “pig butchering,” is being hailed as the largest crypto seizure in…
MONTGOMERY, Alabama— Alabama regulators have successfully recovered more than $125,000 in cryptocurrency for two residents who were victims of so-called “pig butchering” scams, an increasingly common form of romance-based fraud that cost them a combined $580,000. According to a statement released Friday, the Alabama Securities Commission (ASC) was able to retrieve $53,227.81 for a victim…
The explosive growth of cryptocurrency has created a financial revolution, but it’s also opened the door to a wave of scams targeting unsuspecting investors. With decentralised platforms, lax oversight, and an influx of first-time users, fake crypto investment sites have become one of the most common fraud tactics in the digital asset space. Experts are…
Germany’s Financial Intelligence Unit (FIU) has reported a sharp rise in crypto-related crimes in 2024, marking an 8.2% increase from the previous year. In its newly released annual report, published on June 10, 2025, in Cologne, the FIU revealed that 8,711 suspicious activity reports (SARs) linked to cryptocurrency transactions were submitted last year, up from…
A sprawling international cryptocurrency scam has unravelled, with five men pleading guilty to laundering nearly $37 million stolen from unsuspecting U.S. victims. The complex operation, based out of Cambodia, exploited the rise of digital assets and the vulnerability of online relationships to build what officials are calling a sophisticated global fraud network. According to BleepingComputer,…
