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,…
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…
The Regional Trial Court in Makati ordered the forfeiture of cash in the amount of ¢189 million, which was seized in a 2023 raid at a cyber scam hub in Mabalacat, Pampanga. This ruling is in favor of the Philippine government and comes after significant legal action stemming from the large-scale operation; the court ruling…
In what seems to be a newly reported development, cybercriminals have stooped as low as using ordinary postal mail to defraud users of cryptocurrency by sending fake letters to owners of Ledger hardware wallets. These letters, in an attempt to impersonate a critical update, instruct and mislead recipients to confirm their private seed phrases, pretending…
