Blog Articles

CFTC New Joint Crackdown Targets Crypto ‘Pig Butchering’ Scams

By: Antonio Smith / September 13, 2024

CFTC New Joint Crackdown Targets Crypto ‘Pig Butchering’ Scams Fighting an increasing menace in bitcoin fraud known as “pig butchering,” the Commodity Futures Trading Commission has declared a coordinated effort with other federal and commercial organizations. By doing this, the agency will work with several federal and private groups —not just the US Securities and Exchange Commission […]

Online Scam Report (OSR) Announces the Recovery of Over $1M from xchief.com Crypto Scam for an Arkansas Nurse

By: Antonio Smith / September 9, 2024

Online Scam Report Announces the Recovery of Over $1M from xchief.com Crypto Scam for an Arkansas Nurse Online Scam Report (OSR), a leading provider of crypto recovery services, is pleased to announce the successful recovery of over $1M in cryptocurrency for an Arkansas nurse who fell victim to the XChief (xchief.com) crypto investment scam. The […]

People are losing their life savings’: Seven Maryland residents lost $6.3 million in a gold bar scam targeting seniors. How to make sure this doesn’t happen to you

By: Antonio Smith / August 27, 2024

People are losing their life savings’: Seven Maryland residents lost $6.3 million in a gold bar scam targeting seniors. How to make sure this doesn’t happen to you Have you gotten a call from a federal agent recently asking you to convert your gold bars into cash? If so, you may be a potential victim […]

Crypto Criminals Are Now Targeting Centralized Exchanges

By: Antonio Smith / August 18, 2024

Crypto Criminals Are Now Targeting Centralized Exchanges There is a renewed interest in centralize crypto exchanges as cyber criminals are applying for jobs there, according to Chainalysis. Photo by Martin Podsiad / Unsplash It is a good year for cybercriminals so far, having stolen more than $1.58 billion from the start of the year until […]

How the Chainalysis Crypto Investigations and Online Scam Report Solution Supports Cases From Lead Discovery to Illicit Seizures

By: Antonio Smith / August 13, 2024

How the Chainalysis Crypto Investigations Solution Supports Cases From Lead Discovery to Illicit Seizures Just over a decade ago, few people understood the emerging technologies surrounding cryptocurrency and blockchain, and even fewer investigators knew how to evaluate blockchain data and follow funds tied to crypto crime. Since then, the crypto landscape has evolved extensively, with […]

Deepfake scams: Bitcoin conference AI drains $79K

By: Antonio Smith / August 1, 2024

Investors lost $79K to deepfake Elon Musk at Bitcoin 2024, MOG holder phished bad, ransomware backdoor in ESXi server software. As the Bitcoin 2024 conference was taking place on July 25-27, crypto users lost over $79,000 due to a deep-fake AI livestream of the conference. The fake livestream featured footage of Elon Musk giving a […]

ETHTrustFund DAO Transfers $2M Treasury in Shocking Rug Pull

By: Antonio Smith / July 24, 2024

YEREVAN (CoinChapter.com) — ETHTrustFund (ETF), a Base network protocol similar to Olympus and Wonderland, transferred its entire $2 million treasury to new accounts on July 20. The funds were then laundered through Tornado Cash and Railgun mixer apps. After this, all websites and social media accounts linked to the project were deleted. Experts quickly labeled […]

Chainalysis Operation Spincaster Aims to Prevent Billions in Losses to Crypto Scams

By: Antonio Smith / July 23, 2024

Chainalysis Operation Spincaster Aims to Prevent Billions in Losses to Crypto Scams Approval phishing is an increasingly popular tactic used by criminals to steal funds through different scamming techniques such as fake crypto apps and romance scams (also known as pig butchering), according to an update from Chainalysis. With the approval phishing technique, the scammer tricks the user […]

WazirX Faces $230M Hack: North Korean Involvement Suspected, Blames Liminal

By: Santanu Dhali / July 19, 2024

WazirX Faces $230M Hack: North Korean Involvement Suspected, Blames Liminal In a shocking turn of events, WazirX, once one of India’s most prominent cryptocurrency exchanges, has found itself embroiled in yet another major controversy. The platform recently fell victim to a staggering $230 million hack, which has sent shockwaves through the crypto community. To add […]

Newegg112.com Scam Review

By: Antonio Smith / July 19, 2024

Newegg112.com Scam Review Newegg112.com Scam Review: A Cautionary Tale for Online Shoppers Online shopping has become a convenient and often essential part of our lives, but it also comes with its own set of risks, particularly the rise of scam websites designed to deceive unsuspecting consumers. One such site that has recently gained attention is […]