Key Highlights An Ethereum whale avoided an address poisoning scam, successfully moving 2,154.94 ETH (roughly $4.6 million) to a secure wallet. Automated bots targeted the long-dormant 2015 wallet within minutes of an initial test transaction using lookalike addresses. Wall Street giant Citi previously warned that low-value address poisoning attacks are inflating Ethereum’s transaction volume metrics. ...
Key Highlights: Westpac is enforcing a cumulative monthly limit of A$10,000 across relevant products and payment methods to identified cryptocurrency exchanges. The bank has ruled out limit increases and exemptions while completely ending in-branch payment support for identified exchange transfers. Customer withdrawals from digital asset exchanges into Westpac accounts remain unaffected by the policy. Westpac ...
Key Highlights: Law enforcement agencies executed an international crackdown resulting in more than 960 arrests, raids on 29 fraud centers, and the freezing of 4,126 bank accounts. The initiative brought together Interpol, the Global Anti-Scam Alliance, and major tech and financial corporations such as Meta, Crypto.com, Mastercard, and TikTok. Official findings unveiled in Vienna highlighted ...
Key Highlights: Scammers are weaponizing legitimate XRP Ledger developments—such as Cross River Bank’s testing of the $RLUSD stablecoin and the launch of the 473 million $XRP Evernorth fund—to engineer targeted phishing campaigns. Fraudsters utilize automated software to spin up lookalike wallets (e.g., rBankxxx) and counterfeit tokens (e.g., $BANKxxx) seconds after brand announcements, tricking users via ...
Key Highlights: Law enforcement agencies in Ghana and Nigeria have arrested 28 individuals linked to West African cybercrime rings engaging in cryptocurrency investment fraud. The international sweep identified 117 human trafficking victims in Ghana pending repatriation to Nigeria and flagged more than $11 million in illicit funds for potential asset freezes. Major industry stakeholders—including Coinbase, ...
Key Highlights: A cybercriminal who accumulated millions running fake online job scams has lost 60 BTC—valued at over $4.9 million—to a separate crypto theft. Blockchain analytics firm Chainalysis revealed that the illicit proceeds were drained after being stored on three compromised Ledger hardware wallets. The breach is connected to altered Ledger devices supplied by Southeast ...