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Biggest Crypto Scams on record 1. Onecoin – made famous by the BBC’s Missing Cryptoqueen podcast series, Onecoin is now thought to be the biggest crypto scam of all time. It is believed that the Onecoin scam – now known to be a giant Ponzi scheme – made off with an...

A pump and dump scheme is a type of investment scam that involves artificially inflating the price of an asset, usually a cryptocurrency, through misleading or false information to attract unsuspecting investors. The scammers behind the scheme buy large amounts of the...

The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra. The financial crimes unit at the Seoul Southern District Prosecutors’ Office has reportedly...

Fraudulent trading platform scams are schemes that deceive individuals into investing in fake or non-existent financial products or markets through online trading platforms. These scams often involve fake websites or mobile apps that claim to offer opportunities to...

Cryptocurrency has been the talk of the town for quite some time now. The hype around it has attracted millions of investors and traders globally. Unfortunately, with the rising popularity, there has been a significant increase in crypto frauds as well. These scams...

It does not take a genius to design such a scam but they are surprisingly effective. What usually happens is that you see an ad for a broker while scrolling on the Internet and get tempted by the opportunity to make some quick and easy money. The scammers` websites...

South Korea and the United States have requested the extradition from Montenegro of Terraform Labs founder Do Kwon, who is wanted in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, Montenegro’s...

A fake ICO (Initial Coin Offering) scam is a type of cryptocurrency fraud in which scammers create a fraudulent website or social media platform to promote a new cryptocurrency project. These fraudsters may utilize various tactics, such as creating fake profiles of...

Signature Bank, a New York-based financial institution that became a big lender in the crypto industry, was ordered to close over the weekend. The bank was part of only a handful of financial institutions allowing customers to deposit crypto assets.  That didn't...