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…
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,…
In a major move to combat the growing threat of cryptocurrency-related fraud, five men have pleaded guilty to their roles in an elaborate $36.9 million scam targeting American citizens, with the laundered funds funnelled through Cambodia. The case highlights not only the scale of modern crypto crime but also the international networks behind them. The…
On June 10th, 2025, Dimolad Limited, a fund recovery agency, announced the introduction of its crypto scam recovery services for sufferers in the UK. It is a known fact that as digital currencies continue to change the face of global finance, we see an increasing occurrence of highly sophisticated fraudulent practices. The demand for professional…
Major Crypto Fraud Bust Unfolds Across New Zealand and the US Authorities in New Zealand have taken a major step in cracking down on international cryptocurrency crime with the arrest of a Wellington man linked to a sprawling $265 million fraud investigation spearheaded by the FBI. The operation has already resulted in 13 arrests across…
A Growing Threat to Australian Jobseekers In recent years, cryptocurrency job scams have become an increasing threat to Australians, with victims losing an estimated USD $9.3 billion in 2024 alone. An in-depth investigation by Infoblox Threat Intel has revealed the alarming scale and sophistication of these scams, shedding light on their deceptive methods and the…
Cryptocurrency trading platforms like Bitgity, Xenchain, Upionex, Cmadex, and Melorybit are causing concern among investors due to potential scams. These platforms often ask for payment of additional fees, circumventing various pretexts, and are known to freeze user assets without providing a valid justification. These platforms often blame compliance or technical errors and deny users the…
As per reports, the community has suffered a huge loss from an elaborate crypto theft involving a whopping $330 million in Bitcoin. This is now believed to have stemmed from a social engineering scheme. Ongoing investigations led by acclaimed blockchain analyst ZachXBT seem to have made progress toward understanding how the attackers executed the crime…
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