Gate News bot message, in a significant action by the U.S. District Court EDNY, authorities are pursuing the forfeiture of 127,271 Bitcoin (approximately $12 billion) connected to a transnational pig butchering scam operation. The scheme is allegedly orchestrated by Chinese national Chen Zhi. This

Gate News bot message, THORChain and Vultisig co-founder JP (@jpthor) lost approximately $1.3 million in a conference call scam orchestrated by North Korean hackers. According to @zachxbt, there is an ironic twist to this incident, as JP and his products had previously been involved in facilitatin

Gate News bot message, a victim lost 783.75 BTC (approximately $91.4 million) on August 19, 2025, through a social engineering attack where perpetrators impersonated exchange and hardware wallet support staff, as reported by @zachxbt. The incident coincided with the one-year anniversary of the $243

Odaily News Binance, in collaboration with Chainalysis, stablecoin issuers, and Southeast Asian law enforcement agencies, successfully assisted in freezing nearly 50 million USD related to "Pig-butchering scams". This scam network was active from November 2022 to July 2023, and Chainalysis tools tracked the transaction paths of dozens of victims, ultimately identifying 5 suspicious wallets holding approximately 47 million USDT.

PANews reported on August 28 that Binance disclosed that in June 2024, after a multi-stakeholder investigation supported by Binance, Chainalysis, and other industry partners, law enforcement agencies in the Asia-Pacific region froze nearly $50 million in illegal funds. In the case that year, the Chainalysis investigation team used Blockchain analysis techniques to trace funds related to another active scam network in Southeast Asia. They tracked transactions of dozens of victims from November 2022 to July 2023, identifying a series of integrated wallets controlled by the scammers. The criminals concentrated funds into a main wallet, distributing them through intermediate addresses to five final wallets, which collectively held nearly $47 million USDT. To prolong the scam, the scammers would also return a small amount of funds. After receiving intelligence, the Asia-Pacific law enforcement agencies instructed stablecoin issuers to freeze the funds in June, and investigators acted quickly to prevent the illegal proceeds from being cashed out.

On-chain detective ZachXBT issued a warning that an ongoing web3 Token presale project is related to the 2022 Squiggles NFT scam team and Raichu (Ryan), and there may be a risk of fraud. Raichu has been involved in multiple encryption scams, resulting in significant losses.

According to a report by Jinse Finance, on-chain detective ZachXBT revealed that members of the encryption project Web3 (@web3) are connected to the previous Squiggles NFT Rug Pull incident and the Raichu project. ZachXBT reminds the community to stay vigilant about this.

BlockBeats news, on August 27, according to crypto KOL Kakashi, a certain Wallet Address invested in the Meme Token YZY, incurring a loss of $710,000 by buying counterfeit tokens. Subsequently, they purchased the genuine YZY Token for $740,400, and currently have unrealized losses of $424,000, and have not sold yet.

According to Foresight News, Binance CEO Richard Teng tweeted that the team recently discovered a scam involving fake Binance customer service calls requesting users to change their API. Scammers contact users using spoofed numbers or VoIP technology, stating "Your Binance account may be at risk. We need to adjust your API settings immediately to secure your funds." Subsequently, the scammers use the newly obtained permissions to initiate withdrawal operations, transferring Crypto Assets directly to wallets under their control. Foresight News reminds you to be cautious and prioritize security.

The blockchain investigation agency Darkbit reported that the fraud service Vanilla Drainer stole $5.27 million in crypto assets within three weeks, assisting fraudsters through phishing software and taking a 15%-20% cut. The organization has been active since October 2024, using technology to bypass security checks and successfully carry out large-scale thefts.

Odaily News According to Scam Sniffer monitoring, a user lost 97 stETH due to signing a phishing signature for "permit," worth approximately $466,000. Scam Sniffer reminds users to carefully verify signature requests to avoid hasty actions.

According to a report by Golden Finance, an investor lost approximately $1.54 million due to signing a phishing batch transaction related to EIP-7702, as monitored by the anti-fraud monitoring provider Scam Sniffer. Scam Sniffer stated that multiple similar victim cases targeting the EIP-7702 upgrade address have been identified, and they warned about phishing attacks involving batch transfers targeting the EIP-7702 upgrade address.

PANews, August 23 - According to the Korea Times, a man had been on the run for nearly five years for orchestrating a large-scale Crypto Assets scam worth 17.7 billion won (approximately $13.2 million), and was arrested by police in Seoul for littering. Investigators stated that the man defrauded about 1,300 people through Crypto Assets scams between 2018 and 2019, amounting to 17.7 billion won, and escaped in 2020. He was subsequently handed over to the Southern District Prosecutor's Office in Seoul, which has been responsible for the investigation.

According to ChainCatcher news, reported by Protos, a 60-year-old Crypto Assets fugitive was arrested in Seoul on August 22, 2025, for allegedly defrauding 13 million dollars in Crypto Assets. The man was stopped by police for throwing away a cigarette and attempted to evade further questioning by bribery. The police stopped the man in the Gwanak District of Seoul, where he begged the officers to let him go while trying to hail a taxi. The man refused to hand over his ID and attempted to flee, but was ultimately arrested. Investigations revealed that he is suspected of carrying out a Crypto Assets scam involving 17.7 billion won (approximately 12.6 million USD) from 2018 to 2019, with around 1,300 victims. Currently, the man faces 10 charges including assault and fraud, and has been on the run since 2020, now detained by the Southern District Prosecutors' Office in Seoul.

Odaily News Kroll, a financial and risk consulting firm, is facing a class action lawsuit due to a data breach incident that occurred in August 2023, with the plaintiffs being FTX client Jacob Repko and other affected creditors. The lawsuit claims that the breach has led to encryption creditors frequently receiving phishing emails, impacting information security and the claims process. Some creditors reported receiving scam emails almost every day. If the lawsuit is successful, eligible victims may receive compensation, which could prompt Kroll to adjust its operating methods. (Cointelegraph)

PANews August 15 news, according to Decrypt reports, the Federal Bureau of Investigation (FBI) has issued a latest warning stating that some fake law firms are targeting Crypto Assets scam victims for further fraud. The agency pointed out that scammers impersonate lawyers and government employees, claiming they will return the victims' funds. Cyber criminals may request payment in the form of Crypto Assets or gift cards for so-called "service fees," which legitimate organizations would never do.

According to Golden Finance reports, Scam Sniffer monitoring shows that 1 hour ago, a victim lost 140 Ether (approximately $636,559) by copying the wrong address from contaminated transaction records.

Odaily News DefiLlama founder 0 xngmi posted on the X platform stating that there is a website that is clearly impersonating DefiLlama to scam users. They have reported it to Cloudflare multiple times, but they keep responding that they cannot prove someone is impersonating, even though a large amount of evidence has been provided. Therefore, they hope to seek help from the community.

According to ChainCatcher news, monitored by Scam Sniffer, 11 hours ago, an Aave user lost aEthWETH worth $343,389 after signing a malicious "license" phishing signature.

PANews, August 7 news, Scam Sniffer tweeted a reminder that the phishing site for "DappRadar" ranks first in the Bing search engine. Users are reminded to verify the URL.

Golden Finance reports that Meta has launched a new WhatsApp tool to help users identify scam messages and ensure safety during communication.

PANews August 5 news, Scam Sniffer posted a warning stating that an Address upgraded via EIP-7702 suffered a phishing attack involving bulk transfers disguised as Uniswap Swap transactions, resulting in a loss of $66,000. Multiple similar victim cases targeting EIP-7702 upgraded Addresses have been identified. This time, the attackers used bulk transfers (instead of the previous bulk authorizations) to appear legitimate through the Uniswap Universal Router. Please be vigilant.

Odaily News According to the official website of the U.S. Department of Justice, Arizona man Vincent Anthony Mazzotta Jr. pleaded guilty to money laundering and obstruction of justice related to cryptocurrency investment fraud. Mazzotta and his accomplices used the lure of high returns from "AI quantitative trading Bots" to manipulate platforms like Mind Capital, defrauding investors of over $13 million, and forged documents for a second scam involving the "Federal Crypto Reserve Bureau." Mazzotta faces a maximum sentence of 15 years in prison.

PANews, July 28 news, according to Scam Sniffer monitoring, a user lost WBTC worth $119,044 after signing a "increaseApproval" Phishing transaction.

BlockBeats news, on July 27, Slow Mist MistTrack released a Phishing security alert, reporting that scammers are placing malicious Google ads (such as misttrack[.]tools) to trick users into signing harmful transactions. Users are advised to remain vigilant, not to trust unofficial links, and to use anti-Phishing tools to stay protected.

PANews, July 21 news, according to Scam Sniffer monitoring, a user lost Uniswap V3 Position NFT worth $1.23 million due to signing a phishing transaction. Subsequently, these NFTs were transferred to a phishing contract, and the related assets were withdrawn.

According to BlockBeats news on July 18, as reported by Caixin, the virtual coin investment eyewash from the mainland has spread to Hong Kong, with at least 118 people falling victim to the scheme, resulting in total losses of approximately 3.2 million HKD. The Hong Kong police revealed that on July 15, they arrested four local residents for "conspiracy to commit fraud". They are suspected of hosting promotional dinners for the mainland virtual coin eyewash, recruiting victims, and collecting scam funds amounting to 3.89 million HKD. Aside from a small amount of funds that were withdrawn, the remaining approximately 3.2 million HKD has yet to be recovered.

According to a report by Jinse Finance, a user lost USD0++ worth $340,117 after signing a phishing signature for a "Permit" monitored by Scam Sniffer.

A New Zealand woman, Julia Deluni, has been charged with the murder of her 79-year-old mother. Before the incident, she carried out an encryption "exit scam" and suffered significant losses. The prosecution claims she staged the scene to make it appear as an accidental fall, but forensic evidence indicates the cause of death does not match.

PANews, July 11th, reports that the official Plasma X account has been hacked according to Scam Sniffer monitoring and has posted phishing tweets. Please remain vigilant.

Investors accuse the person in charge of the cryptocurrency project The Phoenix, Daniel Ianello, of being involved in an exit scam and have filed a lawsuit. The plaintiffs claim he closed the smart contracts and transferred investors' funds. Ianello requests to dismiss the lawsuit, denying any connection to securities sales.

Gate News bot reported that a man who claims to be a victim of a crypto assets "Pig-butchering scams" has recently sued Citibank for failing to timely detect warning signs, and now he has filed a second lawsuit against two other banks. Michael Zidell filed a lawsuit against East West Bank and Cathay Bank in federal court in California on Tuesday, accusing the two banks of "ignoring their legal duties and obligations."

PANews, July 3 – According to a report shared by crypto detective ZachXBT, Ildar Ilham, the founder of WhiteRock (also known as @XBTPrometheus), was arrested by UAE law enforcement for allegedly being involved in an exit scam valued at $30 million for Zkasino. He will be extradited to the Netherlands due to this criminal case. In June, news emerged that ZachXBT revealed WhiteRock.

According to Gate News bot, the Spanish Civil Guard, in collaboration with law enforcement agencies from Estonia, France, and the United States, successfully dismantled a transnational Crypto Assets investment scam network. This criminal group is suspected of defrauding over 5,000 victims worldwide, with the amount involved reaching up to $539 million (approximately €460 million). Action in progress

PANews June 27 news, according to Decrypt, a cryptocurrency expert in Russia who calls herself "Bitcoin Mom" was sentenced to seven years in prison by a Moscow court for orchestrating a $230 million Bitcoin scam. Prosecutors said she lured clients to transfer funds to Dubai under the pretext of evading Western sanctions, ultimately transferring the funds into a Wallet under her control. This case has become one of the largest cryptocurrency scam cases in Russia in recent years.

Odaily News The U.S. Department of Justice announced that a Nigerian citizen, Charles Uchenna Nwadavid, admitted yesterday in a Boston federal court to participating in a "Pig-butchering scam" case, with six victims involved and more than $2.5 million in illicit funds, which have been transferred to a crypto assets account controlled by Charles Uchenna Nwadavid. He acknowledged charges of mail fraud, conspiracy to commit money laundering, and money laundering.

Gate News bot news, according to CoinTelegraph, Citibank is being sued by a person who claims to be a victim of a Crypto Assets romance scam, accusing the bank of ignoring warning signs that led to the scammer absconding with $20 million.

According to Gate News bot, CoinTelegraph reports that the Australian Federal Police have contacted over 90 Australians as part of an effort to combat criminal activities using Crypto Assets ATMs, including victims of pig butchering and criminal suspects.

BlockBeats news, on June 26, according to monitoring by Scam Sniffer, a user lost $157,154 due to copying an incorrect 地址. Transaction record poisoning: scammers send fake transfers or dust transfers with similar addresses. Their fake 地址 appears in your transaction records. You mistakenly believe it is a legitimate 地址 and copy it from the transaction records. Funds are mistakenly transferred to the scammer's 地址.

Gate News bot news, according to BlockTempo, a scam center disguised as a legitimate company in the Skyrise building in Cebu, Philippines, has executed over $800,000 in Cryptocurrency scams in the past year. However, a YouTuber, Mrwn, who specializes in exposing scams, after a year of careful investigation, revealed the wrongdoing of the group, prompting the Philippine government to intervene and investigate.

Gate News bot message, Trezor has issued a warning to users about a phishing scam involving its support hotline. Hackers exploited an HTML vulnerability to modify support emails, which contained false warnings and links to infected repositories. It is currently unclear who the specific victims are, but this attack likely used data from previous data breach incidents, making it harder to trace.

PANews reported on June 24 that according to Cryptoslate, Elliptic released a report stating that despite the Huione Guarantee platform in Cambodia being shut down on May 13 due to its involvement in a $27 billion pig-butchering scam, dark market transactions on Telegram have not decreased. The data shows that merchants quickly shifted to Tudou Guarantee, a competitor platform in which Huione holds a 30% stake, and the inflow of USDT to this platform has returned to levels prior to Huione's shutdown. On-chain data indicates that after the ban was implemented, Huione's USDT inflow dropped to nearly zero, while the number of users on Tudou Guarantee has more than doubled, with inflows comparable to those before Huione's closure.

Odaily News According to Scam Sniffer monitoring, the Cointelegraph official website front end is suspected to have been attacked by a Hacker, and when accessing the page, a pop-up containing "Airdrop" content appears, which cannot be closed within the webpage.

BlockBeats news, on June 21, Slow Fog CISO @im23pds tweeted to warn about the encryption raffle scam disguised as an official Cold Wallet giveaway. Criminals are impersonating official accounts on the X platform, claiming to give away Ledger and other Cold Wallets for free, and actually sending "brand new sealed" real devices, luring users into lowering their guard. The real traps are often hidden in the devices themselves or the accompanying initialization instructions, which may be tampered with devices or through social engineering to induce users to leak their mnemonic phrases.

PANews, June 21 - According to monitoring by Scam Sniffer, the CoinMarketCap front end has been attacked, reminding users to stay vigilant.

BlockBeats news, on June 20, according to Scam Sniffer monitoring, the current top search result for "Aave" on Google is a fake website, please be wary of phishing links.

Gate News bot message, Scam Sniffer posted on X reminding that the fake "Aave" ads are currently occupying the top of Google search results. These phishing ads aim to steal users' Wallet assets through malicious transaction signatures, please do not click this link.

According to ChainCatcher news reported by The Block, New York City officials announced the dismantling of a cryptocurrency scam targeting Russian-speaking residents. The scammers lured victims into a fake cryptocurrency investment website WhalesTrade.com through Facebook black hat ads and then induced them to make additional investments via WhatsApp and Telegram chats. Law enforcement agencies have seized $140,000 in encryption assets, frozen about $300,000 in funds, and closed over 700 associated Meta ad accounts. Currently, more than 300 victims have been confirmed, with the amount involved exceeding $1 million.