crypto
US recovers $225 million of crypto stolen in investment scams
The U.S. Department of Justice has seized more than $225 million in cryptocurrency linked to investment fraud and money laundering operations, the largest crypto seizure in the history of the U.S. Secret Service. The state’s investigators used blockchain analysis to trace the funds stolen from over 400 victims, which were then laundered through a complex […]
U.S. seized $8.2 million in crypto linked to ‘Romance Baiting’ scams
The U.S. Department of Justice (DOJ) has seized over $8.2 million worth of USDT (Tether) cryptocurrency that was stolen via ‘romance baiting’ scams. Previously referred to as ‘pig butchering,’ in this type of financial fraud victims are manipulated into making investments on fraudulent websites/apps that showcase massive returns. Convinced they’re making a profit, the victims invest […]
Pastor who saw crypto project in his “dream” indicted for fraud
A pastor at a Pasco, Washington, church has been indicted on 26 counts of fraud for allegedly operating a cryptocurrency scam that defrauded investors of millions between 2021 and 2023. The US Department of Justice says the pastor, Francier Obando Pinillo, 51, used his position to recruit investors into a fraudulent cryptocurrency venture called “Solano Fi,” which […]
SpyAgent Android malware steals your crypto recovery phrases from images
A new Android malware named SpyAgent uses optical character recognition (OCR) technology to steal cryptocurrency wallet recovery phrases from screenshots stored on the mobile device. A cryptocurrency recovery phrase, or seed phrase, is a series of 12-24 words that acts as a backup key for a cryptocurrency wallet. These phrases are used to restore access […]