A shocking case of Bitcoin stolen through a scam has rocked the Chinese BTC community. In 2024, a software engineer in Chengdu lost 6 BTC to a criminal scam gang posing as a female trader. The perpetrators used a honeypot scheme, luring the victim via an X profile promising steamy sexual favors, only to extort … Read more
The United States Attorney’s Office in Ohio is looking to forfeit millions in seized crypto from a scam operation and return it to victims who were tricked into fake investments. According to a recent statement, authorities have asked the court to officially seize roughly $8.2 million USDT held in three cryptocurrency wallets. The assets in … Read more
Did you see that LIBRA launched a week ago with backing from Argentinian President Javier Milei? He initially made several posts supporting it but later deleted them, withdrawing his endorsement. It turns out there’s a good explanation. A group of so-called grifters, mostly based in Los Angeles, USA, known as Vape Cabal on “Crypto X,” … Read more
Changpeng Zhao (CZ), the founder of Binance, has promised to donate 150 BNB, or roughly $100,000, to the victims of the LIBRA memecoin scam as a gesture of support. CZ’s action came in response to a college student named EnHeng announcing their plan to donate $50,000 and raise additional funds to aid the victims. Deeply … Read more
Argentina meme coin news has rocked the crypto market, and now Javier Milei might face impeachment over LIBRA crypto. Will they ever learn? Marketed as a private initiative to support small businesses, LIBRA surged to a $4.5 billion market cap before crashing to $200 million. Milei posted about LIBRA on his official X account, claiming … Read more