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Fraud
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NYPD investigates gold bar scam that has stolen over $100 million from retirees
The New York Police Department's investigation, which began in May 2024, involves the Department of Homeland Security, the IRS, and other state law enforcement agencies, as authorities believe the sch
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How to choose a virtual currency trading platform? Beware of fraud risks impersonating "Xiaomi Exchange"
Facing numerous virtual currency trading platforms, choosing a safe and reliable one is crucial. This article will reveal the truth about "Xiaomi Exchange" and provide key standards for selecting legitimate trading platforms, while also listing some mainstream platforms with good compliance records currently on the market, to help readers identify risks and make informed choices.
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Is 150,000 RMB worth of Bitcoin a scam? Beware of trading traps far below market price
Regarding the question "Is 150,000 RMB for Bitcoin a scam?", given that the market price of Bitcoin as of August 10, 2026, is significantly higher than this, any offer to sell one Bitcoin for 150,000 RMB is highly likely to be a scam. This article will delve into the nature of Bitcoin, its legal status globally and in mainland China, and analyze the controversy surrounding its "Ponzi scheme" allegations. Concurrently, the article will reveal common types of cryptocurrency scams and provide practical prevention advice to help readers identify risks and avoid falling into traps.
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EU Watchdogs Warn of Impersonation Scams Amid MiCA Licensing Shakeout, With Criminals Using Fake Websites and Falsified Documents to Target Customers
EU Watchdogs Warn of Impersonation Scams Amid MiCA Licensing Shakeout, With Criminals Using Fake Websites and Falsified Documents to Target Customers
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Hong Kong 'Lonely Heart' Scammed for $3.3M in Crypto Romance Investment Fraud; Malaysian Authorities Express Displeasure Over Blockchain Week After-Party's OnlyFans Scandal
A Hong Kong resident was scammed out of $3.3 million in a crypto romance investment fraud. Separately, Malaysian authorities have expressed strong disapproval regarding an OnlyFans-related scandal at
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Minnesota's Crypto ATM Ban Takes Effect Following Reported $1M Scam Losses
Minnesota's ban on crypto ATMs has officially gone into effect. State officials reported that residents, primarily senior citizens, lost approximately $1 million to scams linked to crypto kiosks betwe
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Binance Founder CZ Warns Against "Scammer," Advises "Stay SAFU!"
Binance founder Changpeng Zhao (CZ) issued a warning on X, stating that "The guy is a basically scammer" and advising users to "Stay SAFU!" (Stay Safe).
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IRS warns crypto holders about fraudsters sending fake letters
The U.S. Internal Revenue Service (IRS) has warned cryptocurrency holders about a scam involving fake letters designed to steal digital assets or data. This warning comes as IRS correspondence regardi
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Fake Staking Site Drains $8.5M in XRP from Investors; Seoul Police Detain Two
Seoul police reported that a fake Flare Network staking site defrauded 71 investors of 3.4 million XRP, worth approximately $8.5 million, last year. Two alleged scammers have been detained on aggravat
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China Business Journal Warns of Bitcoin Extortion Scam
China Business Journal has warned of an extortion scam where fraudsters impersonate the publication, demanding Bitcoin to suppress fabricated investigative reports targeting companies.
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ZachXBT Calls on Telegram Users to Support Channel Upgrade: Seeks to Disable Ads Due to Frequent Scam Ads
Svmuu News: “On-chain detective” ZachXBT posted on his personal channel, stating that Telegram continues to allow its channels to display scam ads to subscribers, which affects the user experience and
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The U.S. Secret Service Recovered Over $25 Million in Cryptocurrency Through Five Investigations
Svmuu News: On July 21, the U.S. Attorney’s Office for the District of Columbia and the U.S. Secret Service’s Washington Field Office announced that multiple investigations by the Cyber Fraud Task For
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The U.S. Department of Justice Seizes Over $25 Million in Cryptocurrency in Connection with a Transnational Investment Fraud Ring
Svmuu News: The U.S. Attorney’s Office for the District of Columbia, in conjunction with the U.S. Secret Service’s Washington Field Office, announced that investigations into multiple international cy
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India's Law Enforcement Agency Raided Multiple Crypto Fraud Operations, Targeting Foreign Investors
Svmuu News: On July 18–19, the Bangalore Branch of India’s Enforcement Directorate conducted raids on multiple locations involved in a case under the Prevention of Money Laundering Act (PMLA) to inves
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Is ARI Coin Worth Holding for the Long Term? Distinguishing Between Different Projects and Potential Risks
When considering the long-term holding value of “ARI tokens,” it is important to distinguish between two main projects: AriChain (ARI) and ARI10 (ARI). The AriChain project shut down in June 2026 and has been accused of being a scam; its token has no holding value. ARI10, on the other hand, is an active project. As of July 19, 2026, its market capitalization was approximately $123,790, with a price of about $0.000268. Although ARI10 is still trading, its market capitalization is small and future price forecasts vary significantly. Investors should be fully aware of its high volatility and potential risks and conduct thorough due diligence.
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Gang of Fake British Police Officers Sentenced for Stealing $5.4 Million in Cryptocurrency
Svmuu News: A British gang that posed as police officers, created a fake police website, and called cryptocurrency holders pretending to be law enforcement to convince them to transfer funds to so-cal
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A cryptocurrency investor in South Dakota faces 29 charges in connection with an alleged $20 million fraud
Svmuu News: U.S. prosecutors have revealed that a federal grand jury has filed 29 criminal charges against Benjamin Paul Wiener, a cryptocurrency investor from Sioux Falls, South Dakota. The charges i
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UK Fraud Review Recommends Judges Receive Training on Crypto Money Laundering and AI Fraud, Citing a Case Involving the Seizure of Over 61,000 BTC
Svmuu News: A fraud review commissioned by the British government recommends that the Judicial College provide training to all judges and magistrates in England and Wales to address the rise in cases
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“AKBitcoin” vs. the CXC Ponzi Scheme: Beware of Risk Traps in the Cryptocurrency Space
“AK Bitcoin” and the CXC Ponzi scheme are two different types of risks in the cryptocurrency space, but both are associated with fraud and potential financial losses. CXC is a typical Ponzi scheme that lures investors with high returns and a referral-based model, only to eventually collapse.Meanwhile, “Bitcoin” may refer to a scam exploiting the extremely low probability of a private key collision on Bitcoin, or it may be related to the marketing tactics of Ponzi schemes. This article will delve into these two concepts and caution investors to be vigilant against such risks.
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HKCC: Multiple Phishing Websites Are Using Virtual Wallets to Carry Out Fraud
Svmuu News: The Hong Kong Interbank Clearing Limited issued an announcement stating that, it has recently discovered multiple fake websites operating under the guise of “Buyer Online Security Protecti
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Wenling Police Expose Virtual Currency Investment Scam; Victim Loses 445,000 Yuan in 20 Days
Svmuu News: The Wenling Public Security Bureau has released a public statement regarding a virtual currency investment and wealth management fraud case. The victim, Mr. Cui, met a blogger on a social
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China Payment and Clearing Association Issues Advisory on Preventing Cross-Border Gambling Fraud Involving Virtual Currency Deposits
Svmuu News: The China Payment and Clearing Association has issued a warning about preventing cross-border gambling fraud involving virtual currency top-ups, aimed at helping the general public raise t
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What is USE? Is it reliable?
Specific information about “USE Coin” is unclear in the cryptocurrency space; this may be because the name overlaps with multiple concepts, or it may refer to a rare or defunct project. In the cryptocurrency world, there was an application called “Token” designed to reduce credit card fraud by generating virtual credit card numbers, but that service ceased operations in late 2019. Additionally, “Token” refers to an authentication mechanism in blockchain and cybersecurity, such as the TokenReview API in Kubernetes. Given the prevalence of scam projects in the cryptocurrency market, investors must conduct thorough due diligence when encountering a token named “USE Coin.”
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VDX, a licensed virtual asset exchange in Hong Kong, has clarified that it currently does not have any official app available to the public.
Svmuu News: VDX, a licensed virtual asset exchange in Hong Kong, has officially issued a statement warning the public to be on guard against fraudulent activities carried out under the guise of VDX. T
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Singapore Police: Tampered Ledger Wallets Cost Users $2.7M, With First Cases Reported as Early as Sept. 10
Singapore Police: Tampered Ledger Wallets Cost Users $2.7M, With First Cases Reported as Early as Sept. 10
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The HKMA clarifies: The aforementioned fraudulent agreements and lending projects have absolutely no relation to the HKMA
The Hong Kong Monetary Authority (HKMA) has issued a statement indicating that it has recently received numerous public inquiries regarding fraudulent "e-HKD" projects that deceive the public into sig
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Lookonchain monitoring: Kimchi token plummets over 95% after Pumpfun co-founder Alon withdraws retweet, scammers profit over $385,000.
According to on-chain monitoring firm Lookonchain, after crypto trader @kimchi1x received 500 million Kimchi tokens and posted a related tweet, Pumpfun co-founder @a1lon9 retweeted it, causing the Kim
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UAE-Led Anti-Scam Operation Identifies Over $39 Billion in Funds and Crypto
According to The Defiant, the UAE-led "Operation Confrontation Ghost" anti-scam operation has identified over $39 billion in funds and cryptocurrencies. The operation reported the arrest of more than
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Upbit warns users against scams impersonating Dunamu's GIWA chain, stating that the L2 network is still in the testnet phase.
South Korean crypto exchange Upbit has issued an announcement warning users about recent scams impersonating the GIWA chain, an Ethereum Layer 2 network being developed by its parent company, Dunamu.
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Trump touts crypto scam crackdown as DOJ reports $938 million restrained
Attorney General Todd Blanche described a nationwide scam prosecution initiative deploying dozens of prosecutors across all 94 US Attorneys’ Offices.
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Scammers Exploit Ripple's RLUSD Bank Tests to Steal XRP by Spoofing Bank Names and Issuing Fake Tokens
Scammers are exploiting Ripple's RLUSD bank tests and Evernorth fund news to steal XRP by spoofing bank names and issuing fake tokens. XRPL Foundation contributor Vet_X0 warned that fraud networks are
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Crypto firms including Binance and Coinbase participated in a West African scam crackdown, flagging over $11 million in funds for potential freezing.
Crypto companies like Binance and Coinbase collaborated with law enforcement in a crackdown on West African scam networks. During the operation, private sector partners flagged over $11 million in pot
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Ripple CTO Emeritus David Schwartz Warns of Wallet Scam Posing as SecuX App Notification, Demanding Recovery Phrases
Ripple CTO Emeritus David Schwartz has issued a security warning after receiving a suspicious notification on an Android device, appearing to be from the SecuX wallet app. The notification claimed "Yo
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Chainalysis: Task Scammer Loses Over 60 BTC Worth $4.8M in Ledger Wallet Theft
Chainalysis reported that a task scammer lost over 60 BTC, worth approximately $4.8 million, in a recent theft involving Ledger wallets. The funds originated from a task scam where victims were paid t
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Crypto scammers stole tens of millions from Russian-speaking victims, then returned pretending to help recover their money
Prosecutors in Brooklyn disclosed on October 14 that an international enforcement operation disrupted 112 servers and 241 websites supporting a cryptocurrency investment scheme that allegedly stole te
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Brooklyn DA's Office Busts Global Crypto Scam Network Worth Tens of Millions of Dollars
The Brooklyn District Attorney's Office, after years of effort, has successfully dismantled an Eastern European-centered transnational cryptocurrency fraud network. The scam had stolen tens of million
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FBI Says Operation Blackout Has Seized About $17 Billion; West Africa Sweep Nets 28 Arrests
The FBI says its global Operation Blackout has seized roughly $17 billion to date. Separately, the U.S. Department of Justice said a coordinated enforcement week in West Africa produced 28 arrests, re
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Ledger discloses that wallets sold by CryptoBilis had LTE spy chips implanted, which could expose recovery phrases, with estimated on-chain losses reaching $93.2 million.
Hardware wallet manufacturer Ledger updated its investigation on X on Tuesday, stating that some Ledger crypto wallet devices sold by Southeast Asian distributor CryptoBilis were implanted with covert
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Investigation Reveals 58% Growth in Polygon Network USDT0 Holders Matches Scam Patterns
Blockchain analytics firm Bitquery released an investigation report on October 7, stating that 58% of the growth in the number of USDT0 holders on the Polygon network matches scam patterns such as add
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China releases three-part documentary exposing 'pig butchering' scams
The Chinese government has released a two-hour, three-part documentary series designed to expose the public to the horrors of 'pig butchering' scams, particularly those originating from its southern b
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Greek servicemen among 9 suspects in alleged $8M crypto pyramid scheme
Two Greek servicemen are among nine suspects accused of operating a cryptocurrency pyramid scheme that defrauded approximately 10,000 investors of about $8 million, according to Decrypt. Police have a
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Trezor Analyst: Fake Apps Trick Users into Revealing Seed Phrases
Trezor analyst Lucien Bourdon explains how fake wallet applications continue to deceive users into revealing their seed phrases, emphasizing that hardware wallet backups should never be typed into a c
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The U.S. Securities and Exchange Commission (SEC) stated that hundreds of retail investors lost over $15 million in cryptocurrency and cash in a fraudulent AI stock trading scheme driven by WhatsApp groups.
The U.S. Securities and Exchange Commission (SEC) stated that hundreds of retail investors lost over $15 million in cryptocurrency and cash in a fraudulent AI stock trading scheme driven by WhatsApp g
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Crypto Scammers Forge Upbit-Backed GIWA Blockchain, Steal Over $2 Million
Scammers created a fake version of the GIWA blockchain, tricking 1,333 wallets into depositing 767 Ethereum (worth approximately $2 million), which was then almost entirely stolen. The fake network im
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Hong Kong Monetary Authority warns public of bank-related fraudulent websites, phishing emails, and scams
The Hong Kong Monetary Authority (HKMA) has alerted the public to fraudulent websites, internet banking login screens, phishing emails, or other scams related to banks. The HKMA reminds that banks wil
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Binance Issues Warning Over 'Address Poisoning' Crypto Scam
Binance has issued a warning about the 'address poisoning' crypto scam, which relies on lookalike wallet addresses and human error rather than hacking. Attackers send small transactions from fake addr
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CFTC Sues Cash FX for Alleged $950 Million Crypto Forex Scam
The U.S. Commodity Futures Trading Commission (CFTC) has accused Cash FX Group of defrauding investors of $950 million through a cryptocurrency foreign exchange scam. The CFTC alleges that Cash FX con
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YouTube channel "Mighty Mike Plays" has been accused of alleged fraud, with the father claiming his 9-year-old son spent $118,000 on ads, leading to the father's dismissal from his job.
The YouTube channel "Mighty Mike Plays" posted a video claiming that 9-year-old "Mighty Mike" spent $118,000 from his father Dave's company card on YouTube ads without permission, leading to Dave's di
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MNEB Coin: Minereum BSC Project Risk Alert and Market Status Analysis
MNEB (Minereum BSC) is a "self-mining" concept token launched in 2021 on the Binance Smart Chain. However, the project has faced numerous scam allegations since 2021, with users reporting receiving "free" airdrops that they could not sell and being enticed to pay high "unlocking fees." Its market liquidity is extremely low, price data is highly inconsistent, and Binance has issued a warning. Given these significant risks, MNEB's long-term investment value is questionable.
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Ethereum Hard Fork: A Guide to Preventing Common Scams and Protecting Your Assets
Ethereum hard forks are critical for protocol upgrades, but they are also a common opportunity exploited by scammers. This article will delve into the definition, historical cases, and future plans of Ethereum hard forks, with a focus on revealing common scam tactics during hard forks, such as fake fork coins, replay attacks, and phishing. Concurrently, it will provide a comprehensive asset protection strategy, including verifying official information, properly safeguarding private keys, choosing secure storage methods, and identifying high-risk signals, to help users safely navigate Ethereum network upgrades.
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Can a Police Report Be Filed After Bitcoin Theft? Analysis of Individual Recovery Possibilities
After virtual currencies like Bitcoin are stolen, victims can report the crime to public security organs, and a case may be filed depending on the stolen amount and method. However, due to the decentralized and irreversible nature of cryptocurrency transactions, it is extremely difficult for individuals to recover stolen funds, often requiring assistance from professional institutions and law enforcement agencies.
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EBpay Virtual Currency Platform Analysis and Risk Warning: Lack of Official Customer Service Phone Number
EBpay is a platform that claims to offer virtual currency trading and management services. Its core products include the fiat-pegged "EB" stablecoin and support for mainstream cryptocurrencies such as Bitcoin and Ethereum. However, multiple sources strongly indicate that EBpay and similar platforms are frequently used for illegal activities such as online gambling and money laundering. Users face severe risks, including judicial freezing of bank cards, misappropriation of account assets, and information leakage. No official customer service phone number for EBpay has been found in public records, and the platform lacks regulation and legal oversight, fundamentally differing from regulated cryptocurrency exchanges.
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How to choose a virtual currency trading platform? Beware of fraud risks impersonating "Xiaomi Exchange"
Facing numerous virtual currency trading platforms, choosing a safe and reliable one is crucial. This article will reveal the truth about "Xiaomi Exchange" and provide key standards for selecting legitimate trading platforms, while also listing some mainstream platforms with good compliance records currently on the market, to help readers identify risks and make informed choices.
-
Is 150,000 RMB worth of Bitcoin a scam? Beware of trading traps far below market price
Regarding the question "Is 150,000 RMB for Bitcoin a scam?", given that the market price of Bitcoin as of August 10, 2026, is significantly higher than this, any offer to sell one Bitcoin for 150,000 RMB is highly likely to be a scam. This article will delve into the nature of Bitcoin, its legal status globally and in mainland China, and analyze the controversy surrounding its "Ponzi scheme" allegations. Concurrently, the article will reveal common types of cryptocurrency scams and provide practical prevention advice to help readers identify risks and avoid falling into traps.
-
Is ARI Coin Worth Holding for the Long Term? Distinguishing Between Different Projects and Potential Risks
When considering the long-term holding value of “ARI tokens,” it is important to distinguish between two main projects: AriChain (ARI) and ARI10 (ARI). The AriChain project shut down in June 2026 and has been accused of being a scam; its token has no holding value. ARI10, on the other hand, is an active project. As of July 19, 2026, its market capitalization was approximately $123,790, with a price of about $0.000268. Although ARI10 is still trading, its market capitalization is small and future price forecasts vary significantly. Investors should be fully aware of its high volatility and potential risks and conduct thorough due diligence.
-
“AKBitcoin” vs. the CXC Ponzi Scheme: Beware of Risk Traps in the Cryptocurrency Space
“AK Bitcoin” and the CXC Ponzi scheme are two different types of risks in the cryptocurrency space, but both are associated with fraud and potential financial losses. CXC is a typical Ponzi scheme that lures investors with high returns and a referral-based model, only to eventually collapse.Meanwhile, “Bitcoin” may refer to a scam exploiting the extremely low probability of a private key collision on Bitcoin, or it may be related to the marketing tactics of Ponzi schemes. This article will delve into these two concepts and caution investors to be vigilant against such risks.
-
What is USE? Is it reliable?
Specific information about “USE Coin” is unclear in the cryptocurrency space; this may be because the name overlaps with multiple concepts, or it may refer to a rare or defunct project. In the cryptocurrency world, there was an application called “Token” designed to reduce credit card fraud by generating virtual credit card numbers, but that service ceased operations in late 2019. Additionally, “Token” refers to an authentication mechanism in blockchain and cybersecurity, such as the TokenReview API in Kubernetes. Given the prevalence of scam projects in the cryptocurrency market, investors must conduct thorough due diligence when encountering a token named “USE Coin.”
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