Investigators uncovered an organized network where foreigners collaborated with Nigerian recruits to carry out romance and investment scams. Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects, who included 148 Chinese, 40 Filipinos, and...
New Crypto Scam Uses Fake Influencer Accounts to Lure Victims Into Telegram Malware Trap
Scam Sniffer has observed that attackers are impersonating multiple crypto influencers and using malicious bots for verification. A new wave of crypto scams has emerged, with attackers using fake X accounts to impersonate popular influencers and lure unsuspecting users into fraudulent Telegram groups. Users are then manipulated into installing malware that...
Careless Crypto Transfer Costs Investor $3.08M: Details
A scammer exploited a crypto user’s transaction history, embedding a fake address and tricking them into transferring millions. An unnamed cryptocurrency holder recently lost more than $3 million worth of PYTH tokens after erroneously transferring them to a scammer’s wallet. The mistake happened when the victim, relying on their transaction...
US Charges 5 for Multi-Million Crypto Hacking Operation
The suspects, aged 20 to 25, face up to 20 years in prison for crypto theft and identity fraud following a two-year phishing spree. Federal prosecutors in the United States have filed charges against five individuals accused of carrying out a complex phishing and hacking operation that targeted employees of...
Is Cryptoqueen Ruja Ignatova Alive and Hiding in South Africa? (Report)
The latest investigation suggests that Ignatova might be hiding in one of Cape Town's most luxurious neighborhoods. One of the most popular individuals in the crypto world (and not for good reasons), Ruja Ignatova, also known as the “Cryptoqueen,” is the founder of the fraudulent scheme OneCoin, which embezzled over...
Casa CEO Exposes Shocking Phishing Scam Targeting Wealthy Crypto Users
A fraudster targeting well-off crypto users revealed his group’s inner workings, including stolen databases and laundering tactics. Nick Neuman, the CEO of Bitcoin storage solutions provider Casa, recently shared an encounter with a phishing scammer impersonating Coinbase support to steal from high-value cryptocurrency holders. In a November 20 post on...
