Scam
FBI: Americans lost a record $21 billion to cybercrime last year
U.S. victims lost nearly $21 billion to cyber-enabled crimes last year, driven primarily by investment scams, business email compromise, tech support fraud, and data breaches, the Federal Bureau of Investigation says. The figure continues the year-over-year record trend as it is up 26% compared to 2024, when Americans lost $16.6 billion to cybercrime. A similar uptick was recorded […]
UK sanctions Xinbi marketplace linked to Asian scam centers
The United Kingdom’s Foreign, Commonwealth and Development Office (FCDO) has sanctioned Xinbi, a Chinese-language online marketplace that sells stolen data and satellite internet equipment to scam networks in Southeast Asia. The Telegram-based marketplace Xinbi is also believed to have helped North Korean threat actors launder cryptocurrency stolen in large heists from companies and individuals worldwide. […]
Nordstrom’s email system abused to send crypto scams to customers
Customers of upscale department store chain Nordstrom received fraudulent messages from a legitimate company email address that promoted cryptocurrency scams disguised as a St. Patrick’s Day promotion. The emails promise recipients to double the cryptocurrency amount deposited to a specific wallet address over the next two hours. “Send cryptocurrency to any of your unique deposit […]
Meta adds new WhatsApp, Facebook, and Messenger anti-scam tools
Meta is introducing new anti-scam protections across its platforms, deploying systems and user-facing warnings to protect users against scammers. The new features are designed to help catch fraud attempts before WhatsApp, Facebook, and Messenger engage with them. WhatsApp now alerts users when behavioral signals suggest a device-linking request may be fraudulent, a tactic scammers have […]
Ghanain man pleads guilty to role in $100 million fraud ring
A Ghanaian national pleaded guilty to his role in a massive fraud ring that stole over $100 million from victims across the United States through business email compromise attacks and romance scams. 40-year-old Derrick Van Yeboah pleaded guilty to conspiracy to commit wire fraud on Thursday and agreed to pay more than $10 million in […]
Police arrests 651 suspects in African cybercrime crackdown
African law enforcement agencies arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications. As INTERPOL revealed on Wednesday, Operation Red Card 2.0 identified 1,247 victims between December 8 and January 30 while targeting cybercrime operations linked to over $45 million in financial […]
Fugitive behind $73M ‘pig butchering’ scheme gets 20 years in prison
A dual Chinese and St. Kitts and Nevis national was sentenced to 20 years in prison in absentia for his role in an international cryptocurrency investment scheme (also known as pig butchering or romance baiting) that defrauded victims of more than $73 million. In pig butchering scams, criminals use messaging apps, dating platforms, and social media accounts […]
Cloud storage payment scam floods inboxes with fake renewals
Over the past few months, a large-scale cloud storage subscription scam campaign has been targeting users worldwide with repeated emails falsely warning recipients that their photos, files, and accounts are about to be blocked or deleted due to an alleged payment failure. Based on numerous emails seen by GeekFeed, the campaign has escalated over the past […]
Crypto wallets received a record $158 billion in illicit funds last year
Illegal cryptocurrency flows reached a record $158 billion in 2025, reversing a three-year trend of declining amounts from $86B in 2021 to $64B in 2024. This sharp 145% increase is being reported by blockchain intelligence experts at TRM Labs, who noted that it comes despite the illicit activity share of the total on-chain volume actually falling […]
Convincing LinkedIn comment-reply tactic used in new phishing
Scammers are flooding LinkedIn posts this week with fake “reply” comments that appear to come from the platform itself, warning users of bogus policy violations and urging them to visit an external link. The messages convincingly impersonate LinkedIn branding and in some cases even use the company’s official lnkd.in URL shortener, making the phishing links harder […]