Crypto Crime News

Kanye West recently revealed that he was offered $2 million to endorse a fraudulent meme coin using his name.

The Economic and Financial Crimes Commission (EFCC) in Nigeria has dismantled a major cryptocurrency fraud ring, arresting a large number of suspects involved in illicit activities.

After several months of imprisonment, Alexey Pertsev, a key developer behind Tornado Cash, is poised for release from custody on February 7, 2025.

Ransomware payments within the cryptocurrency world have seen a sharp decline in 2024, dropping 35% to $813 million from the previous year’s $1.25 billion.

A 22-year-old Canadian hacker, Andean Medjedovic, is currently on the run after allegedly exploiting a flaw in KyberSwap, a decentralized finance (DeFi) protocol, to steal $48.8 million in cryptocurrency, according to a recent indictment.

Meme coins continue to attract speculators, but their explosive popularity has also fueled a wave of scams.

Fraudsters often initiate contact with casual messages, hoping to lure unsuspecting victims into financial traps involving digital assets.