Scams
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$21,000 Drained From Bank of America Account As Customer Blasts Industry’s Push To Protect Trillions of Dollars
A Bank of America customer says he lost tens of thousands of dollars after bad actors found a way to…
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DeFi Platform Hacked for at Least $1,900,000 and Possibly More on Ethereum and Arbitrum Blockchains
A decentralized finance (DeFI) protocol has been hacked to the tune of millions of dollars over the Ethereum (ETH) and…
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Crypto Trader Behind $110,000,000 Mango Markets Exploit Convicted on Fraud Charges
A jury has unanimously found the trader behind the $110 million exploit of Solana (SOL)-based decentralized finance (DeFi) trading platform…
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IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical
A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax…
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Wells Fargo Says It Has Suffered Data Breach, Blames Employee for Exposing Personal Information on Pair of Customers
Banking titan Wells Fargo says it suffered a data breach that exposed sensitive information on at least two of its…
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Citibank Allows Fraudulent Wire Transfers To Proceed After Customers Report Scams, Ask Bank To Freeze Transactions: New York Attorney General
New York Attorney General Letitia James says one of America’s biggest banks does nothing to stop fraudulent wire transfers even…
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US Hacker Handed Three-Year Prison Sentence for Looting $12,000,000+ in Crypto From Two Decentralized Exchanges
A US hacker convicted of plundering more than $12 million worth of crypto assets from two decentralized exchanges (DEXs) was…
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Phishing Scams Appear As Ads on Ethereum Block Explorer Etherscan: Report
Phishing scams are bubbling up on the Ethereum (ETH) block explorer Etherscan, according to the cybersecurity firm Scam Sniffer. The…
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$2,000,000 Stolen From Bank of America Account in Devastating Scam, Triggering Lawsuit for Alleged Negligence, Breach of Contract and Violation of Federal Law: Report
An elderly woman who lost millions of dollars to scammers is hitting Bank of America (BofA) with a lawsuit over…
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‘Head of Compliance’ at Infamous $4,000,000,000 OneCoin Crypto Scheme Sentenced to Four Years in Prison
A top executive of the fraudulent cryptocurrency scheme OneCoin will spend years behind bars for her role in the multi-level…
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