Top 20 Crypto Scams & Frauds International News

2025-03-07 11:04:28

Here's a summary of recent crypto scam news, focusing on international events:

Fake ‘Hong Kong coin’ promoted by chief executive impersonator account: A Solana-based coin is promoted by an X account impersonating the Chief Executive of Hong Kong. Authorities warned against the scam.
Source: crypto.news
Two UK men arrested in crypto fraud targeting elderly victim: Two men were arrested in connection with a cryptocurrency fraud case that led to a 75-year-old Aberdeenshire man losing a six-figure sum. Police began investigating the case in July 2024.
Source: crypto.news
73-year-old man charged in $2.4m crypto money laundering scam: A Montana man has been found guilty of conspiracy to launder over $2.4 million through cryptocurrency, the U.S. Attorney’s Office for the Eastern District of Texas announced Thursday. Randall V. Rule, 73, formerly of Kalispell, Montana, was convicted on all…
Source: crypto.news
Over 13k Android and iOS crypto wallets compromised by malicious app: SlowMist: Blockchain security experts uncovered a malicious mobile app that stole sensitive wallet data from users’ devices, leading to the theft of over $1.8 million in cryptocurrency. A fake app called BOM stole over $1.82 million in crypto by secretly accessing…
Source: crypto.news
Pig butchering scam leads to $1.4m crypto seizure by Virginia police: Loudoun County police in Virginia have seized $1.4 million in cryptocurrency linked to a “pig butchering” scam. The Sheriff’s Office confirmed that approximately $1.4 million tied to the scam was recovered, marking one of the largest crypto seizures in Virginia,…
Source: crypto.news
KIP Protocol denies role in LIBRA launch, calls itself ‘convenient cover’: KIP Protocol, a web3 firm associated with the scandal token, distanced from the token launch, stating it had no role in initiating or managing the project. The controversy over a token promoted by Argentinian President Javier Milei, which has plunged…
Source: crypto.news
Infini neobank reportedly suffers a $49.5M hack: Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb. 24 at 3:18 am UTC, noting unauthorized transfers from an Infini-related…
Source: crypto.news
Bybit reportedly purchases $742M in Ethereum following $1.4B hack: Bybit exchange has reportedly purchased 266,700 ETH worth $742 million across two days, according to blockchain analytics firm Lookonchain. The transactions occurred in the days following Bybit’s $1.4 billion hack, which has taken the industry by surprise. A wallet linked…
Source: crypto.news
LIBRA’s collapse becomes Solana’s biggest scandal since FTX: How Jupiter and Meteora left retail rekt: How did Kelsier, Jupiter, and Meteora allegedly use LIBRA’s liquidity to cash out at the top while everyday traders lost billions in the biggest Solana scandal since FTX? A sudden scandal On Feb. 14, what should have been just another…
Source: crypto.news
Pump.fun moves $11M in SOL to Kraken as trading activity drops amid LIBRA scandal: Pump.fun, the Solana-based meme coin launchpad, deposited 65,122 SOL ($11M) adding to its substantial exchange activity. According to a Feb. 20 X post by on-chain analytics firm Lookonchain, the platform has now transferred 2.35 million Solana (SOL) ($473 million) to…
Source: crypto.news
CZ receives more BNB after LIBRA donation, pledges to aid TST and BROCCOLI victims: Binance founder Changpeng Zhao has announced plans to donate additional funds to victims of TST and BROCCOLI memecoins, adding to his previous donation to LIBRA victims. After receiving more Binance Coin (BNB) than he originally donated to victims of the…
Source: crypto.news
$87M crypto scam uncovered in Norway, four individuals indicted: Norwegian authorities have indicted four individuals for their involvement in an extensive fraud and money laundering operation that deceived thousands of victims across multiple countries. Økokrim, Norway’s economic crime unit, revealed that over 900 million kroner ($86–87 million) was funneled…
Source: crypto.news
Crypto scam: $5.6m stolen in FTX debt claims fraud: A scam group posing as FTX debt claimants defrauded two companies of more than $5.6 million, according to a new report from Inca Digital. The perpetrators allegedly used AI-generated identities and unauthorized access to bankruptcy records to execute the scheme.…
Source: crypto.news
Cyprus police warn of large-scale SMS crypto scam impersonating Binance: Cyprus police have warned the public about a surge in SMS scams impersonating a crypto exchange. Cyprus police have issued a warning about a rise in SMS fraud targeting crypto investors, with scammers impersonating the Binance crypto exchange, Cyprus Mail…
Source: crypto.news
Meteora co-founder Ben Chow resigns amid LIBRA memecoin scandal: Ben Chow, co-founder of Solana-based decentralized exchange Meteora, has stepped down following allegations that he privately received or managed LIBRA tokens. Chow’s resignation was announced on X by Meow, pseudonymous co-founder of both Meteora and Jupiter. Meow stressed their dedication…
Source: crypto.news
Argentine president denies promoting LIBRA meme coin scam, calls it a “private matter”: Argentine President Javier Milei has dismissed claims that he endorsed the LIBRA memecoin, which recently saw a dramatic pump and dump, leaving investors with heavy losses. As reported by tier10k on X, Milei stated that he only shared information about...
Source: crypto.news
‘This isn’t some random f*cking scam:’ Hayden Mark Davis, mastermind behind crashed Libra crypto scam: Hayden Mark Davis, the man behind the Libra token endorsed by Argentina’s President Javier Milei, which cratered in value, appears to be holding $100 million of investors’ funds but insists this is “not random scam.” Sunday, Feb. 16, turned out...
Source: crypto.news
Saudi Arabia crown prince impersonator launches fake ‘official’ coin: Scammers launched a fake coin under the name of Saudi Arabia’s Crown Prince Mohammed bin Salman. The fake Saudi Arabia coin, named the “Official” Saudi Arabia memecoin (KSA), was announced on Feb. 17. The announcement came from an X account...
Source: crypto.news
Argentinas President Milei under scrutiny after promoting and deleting post on cratered LIBRA token: Argentine lawyers have filed a fraud complaint against President Javier Milei after he promoted but then deleted a post on X about the LIBRA token, which later dropped in value. On Friday, Feb. 14, Argentina‘s President Javier Milei posted on...
Source: crypto.news
Call-centre crypto scammers unmasked as data leak exposes their schemes: CBC News reports on a data leak that unmasked the operations of call-center crypto scammers.
Source: www.cbc.ca