Kanye West's YZY Token Crashes, Investors Lose $74 Million
A token branded with Kanye West's YZY name collapsed within hours of launch, with on-chain data suggesting a coordinated exit by early wallets that left retail investors with losses of approximately $74 million.
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$577 Million HashFlare Crypto Ponzi Fraud: Founders Plead Guilty
The founders of HashFlare, once one of the world's largest cloud mining platforms, have pleaded guilty to wire fraud in connection with a $577 million cryptocurrency Ponzi scheme.
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Crypto Pump-and-Dump Scams Evolve with Deepfakes and Fake News
A new generation of crypto pump-and-dump schemes is using AI-generated deepfake videos and fake news articles to add credibility to fraudulent token promotions.
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US Shuts Down BlackSuit Ransomware, Seizes $1 Million in Crypto
US law enforcement has dismantled the BlackSuit ransomware operation and seized approximately $1 million in cryptocurrency, in a joint action involving the FBI and international partners.
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Scam Alert: Business Owners in the North Lost Over £1.2 Million in Two Months
Police in northern UK have revealed that businesses lost over £1.2 million to investment scammers in just two months, with impersonation and cryptocurrency scams driving the surge.
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Actress Connie Ferguson's Name Used in Forex Scams, Victim Defrauded of R800K
A South African woman was defrauded of R800,000 by scammers who used actress Connie Ferguson's photo and name to promote a fraudulent forex investment platform.
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Sharp Rise in Online Scams: Banks Issue Urgent Warnings
Major UK banks including TSB have issued urgent warnings as impersonation scams, purchase fraud, and investment fraud reach record levels, tripling on platforms like WhatsApp.
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Philippine National Police Bust Major Crypto Scam Operation
The Philippine National Police rescued over 1,000 victims of a crypto scam operation that had used human trafficking to force workers to run fraudulent investment schemes.
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CoinsPaid Links North Korean Lazarus Group to $37.3 Million Crypto Hack
Crypto payments platform CoinsPaid was hacked for $37.3 million in an attack it attributes to North Korea's Lazarus Group, which used a months-long social engineering campaign to infiltrate the company.
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