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Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
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Crypto Scammers Are Reportedly Posing as Job Recruiters to Circulate Malware
Crypto scammers are using platforms like LinkedIn to reach out to job seekers, asking them to fix issues with video call software and subsequently injecting malicious malware to get access to the victims’ computers.
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MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
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How Delhi-Noida Gang Cheated Elderly US, Canada Citizens Of Rs 260 Crore
The CBI has unearthed a cryptocurrency scam, in which three individuals collected Bitcoins worth Rs 260 crore through fraudulent means from senior citizens in the US and Canada, the federal agency said.
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Nearly 800 Arrested In Nigeria Over Crypto-Romance Scams
Nigeria's anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments.
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Telegram Groups Emerge as Entry Points for Crypto Scammers, Warn Security Firms
Scam Sniffer, in a post on X, revealed that crypto scammers are creating fake accounts impersonating popular influencers. These profiles actively comment on posts to target potential victims.
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South Korea Arrests 215 On Suspicion Of $228 Million Crypto Scam
South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
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Hong Kong Busts Deepfake Scam, $46 Million Stolen In Romance Fraud
The group, targeting men from Taiwan to Singapore and as far away as India, used AI-powered deepfakes to run a fraudulent cryptocurrency platform.
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Crypto Wallet Drainer App Identified on Google Play Store, Report Suggests $70,000 Stolen
A report from Check Point Research (CPR) reveals that a malicious app used "advanced evasion techniques" to steal $70,000 (roughly Rs. 58.6 lakh) over five months from users interacting with the platform. After analysing its JavaScript code, the app has been named "MS Drainer."
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Binance Claims It Helped ED Crack Fiewin Gaming Scam that Defrauded Players of $47.6 Million
Binance crypto exchange has claimed that its internal intelligence unit assisted the ED in uncovering this scam. In a statement released on Wednesday, September 25, Binance said that such public-private partnerships against financial crimes can strengthen its role in India’s crypto landscape.
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YouTube Spammed with Tim Cook’s Deep Fake Videos Promoting Crypto Scam During Apple’s Glowtime Event
Taking advantage of the hype around Apple’s 'Glowtime' event on September 9, hackers deployed deepfake videos on YouTube to target potential victims. These fraudulent videos were designed to capture the attention of Apple enthusiasts searching online to stream the launch of the flagship iPhone 16 models.
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Crypto Fraud Increased 45 Percent in 2023 to $5.6 Billion, FBI Says
The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year. Call center frauds, such as government impersonation scams, accounted for about 10 percent of cryptocurrency losses.
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Delhi High Court Orders Removal of Scam Sites Impersonating Crypto Firm Mudrex
Last week, Mudrex filed a petition with the Delhi High Court seeking action against the fraudulent websites. Mudrex had submitted evidence of its names and other marks being used extensively by fake websites to interact with users across the country.
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Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
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Crypto Hacker Claims to Have Netted $700,000 by Hijacking McDonald’s Instagram Account
In a recent incident, McDonald’s Instagram account was hacked, leading to the promotion of a scam memecoin called ‘Grimace’. McDonald’s has managed to recover its account since the hack. All posts related to the Grimace memecoin and an edited bio have since been removed.
-
Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
-
Crypto Scammers Are Reportedly Posing as Job Recruiters to Circulate Malware
Crypto scammers are using platforms like LinkedIn to reach out to job seekers, asking them to fix issues with video call software and subsequently injecting malicious malware to get access to the victims’ computers.
-
MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
-
How Delhi-Noida Gang Cheated Elderly US, Canada Citizens Of Rs 260 Crore
The CBI has unearthed a cryptocurrency scam, in which three individuals collected Bitcoins worth Rs 260 crore through fraudulent means from senior citizens in the US and Canada, the federal agency said.
-
Nearly 800 Arrested In Nigeria Over Crypto-Romance Scams
Nigeria's anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments.
-
Telegram Groups Emerge as Entry Points for Crypto Scammers, Warn Security Firms
Scam Sniffer, in a post on X, revealed that crypto scammers are creating fake accounts impersonating popular influencers. These profiles actively comment on posts to target potential victims.
-
South Korea Arrests 215 On Suspicion Of $228 Million Crypto Scam
South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
-
Hong Kong Busts Deepfake Scam, $46 Million Stolen In Romance Fraud
The group, targeting men from Taiwan to Singapore and as far away as India, used AI-powered deepfakes to run a fraudulent cryptocurrency platform.
-
Crypto Wallet Drainer App Identified on Google Play Store, Report Suggests $70,000 Stolen
A report from Check Point Research (CPR) reveals that a malicious app used "advanced evasion techniques" to steal $70,000 (roughly Rs. 58.6 lakh) over five months from users interacting with the platform. After analysing its JavaScript code, the app has been named "MS Drainer."
-
Binance Claims It Helped ED Crack Fiewin Gaming Scam that Defrauded Players of $47.6 Million
Binance crypto exchange has claimed that its internal intelligence unit assisted the ED in uncovering this scam. In a statement released on Wednesday, September 25, Binance said that such public-private partnerships against financial crimes can strengthen its role in India’s crypto landscape.
-
YouTube Spammed with Tim Cook’s Deep Fake Videos Promoting Crypto Scam During Apple’s Glowtime Event
Taking advantage of the hype around Apple’s 'Glowtime' event on September 9, hackers deployed deepfake videos on YouTube to target potential victims. These fraudulent videos were designed to capture the attention of Apple enthusiasts searching online to stream the launch of the flagship iPhone 16 models.
-
Crypto Fraud Increased 45 Percent in 2023 to $5.6 Billion, FBI Says
The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year. Call center frauds, such as government impersonation scams, accounted for about 10 percent of cryptocurrency losses.
-
Delhi High Court Orders Removal of Scam Sites Impersonating Crypto Firm Mudrex
Last week, Mudrex filed a petition with the Delhi High Court seeking action against the fraudulent websites. Mudrex had submitted evidence of its names and other marks being used extensively by fake websites to interact with users across the country.
-
Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
-
Crypto Hacker Claims to Have Netted $700,000 by Hijacking McDonald’s Instagram Account
In a recent incident, McDonald’s Instagram account was hacked, leading to the promotion of a scam memecoin called ‘Grimace’. McDonald’s has managed to recover its account since the hack. All posts related to the Grimace memecoin and an edited bio have since been removed.
