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Everything crossing the desk — scam alerts, threat intel, exchange watch and field guides, newest first.

The Latest
No. 1207Threat Intelcritical
How a 2021 Coldcard firmware change made Bitcoin seeds guessable

A software random-number bug weakened Coldcard seed generation for years. On July 30, 2026, attackers drained hundreds of single-sig wallets in under an hour — a firmware update alone won't fix it.

By Lena Vogt · JUL 31, 2026 · 4 min read
No. 1206Newshigh
Why the Bitcoin ATM became a scammer's favorite cash register

The FBI says Americans lost more than $388 million at crypto kiosks in 2025 — most of it drained from older adults following a stranger's urgent phone script. Three states have now pulled the machines.

By Dev Patel · JUL 18, 2026 · 4 min read
No. 1205Enforcement
Interpol's First Light 2026 nets 5,811 arrests as enforcement scales to the compound economy

A four-month sweep across 97 countries intercepted USD 293 million and flagged more than 142,000 victims — while US prosecutors charged the managers of three named scam companies.

By Mara Okafor · MAY 15, 2026 · 3 min read
No. 1204Exchange Watchhigh
FTX, nearly four years on: the ten-day collapse and the freeze that every failure repeats

The exchange froze customer withdrawals on Nov 8, 2022 and filed for Chapter 11 three days later. The same sequence recurs at every insolvent exchange — learn to read it early.

By Lena Vogt · MAY 10, 2026 · 4 min read
No. 1203Data
The crypto-fraud numbers keep climbing, and every total is a floor

The FBI's IC3 counted $11.3 billion in reported U.S. crypto losses for 2025; Chainalysis puts illicit on-chain value at $154 billion. Here is what those figures mean, and why they run low.

By Lena Vogt · APR 20, 2026 · 4 min read
No. 1202Security Dispatch
How GitCafe closed a repository-hijack exploit with GitVault end-to-end encryption

GitVault encrypts every commit, branch and blob on the client before it touches a server — neutralising a whole class of repository-takeover attacks. GitCafe unveiled it at a Las Vegas meetup, then demoed it at SKINOX and across the DEFCON villages.

By Lena Vogt · NOV 12, 2025 · 6 min read
No. 1201Enforcement · Crypto mixershigh
Samourai Wallet's founders moved $2 billion in bitcoin. They're going to prison

The mixer's chief executive drew five years and its technology chief four, US prosecutors say, after both admitted knowingly moving criminal proceeds — from online fraud to a child-exploitation site — for a fee.

By Jules Renner · NOV 6, 2025 · 4 min read
No. 1200SCAM COMPOUNDShigh
Myanmar bulldozed KK Park, but Myawaddy's scam machine barely paused

The junta razed hundreds of buildings at a notorious border compound in October 2025. Analysts say the pig-butchering industry that trafficked tens of thousands simply moved next door.

By Dev Patel · OCT 20, 2025 · 5 min read
No. 1199Investigationcritical
Inside the Prince Group case: forced labor, pig butchering, and a record $15 billion bitcoin seizure

US prosecutors say Chen Zhi ran Cambodian forced-labor compounds where trafficked workers were made to run romance-investment cons. Here is how the scheme works — and how to spot it.

By Mara Okafor · OCT 15, 2025 · 4 min read
No. 1198Field Guide
The scam that follows the scam: how fake recovery agents hunt crypto victims twice

Fraudsters posing as lawyers and 'recovery agents' target people who already lost money to crypto scams, charging upfront fees to return funds that never come back. The FBI's IC3 has warned twice.

By Mara Okafor · AUG 18, 2025 · 4 min read
No. 1197Enforcement · Code on trialhigh
A Tornado Cash coder was convicted while its sanctions were being lifted

Roman Storm was found guilty of running an unlicensed money-transmitting business in August 2025 — even as Treasury lifted the sanctions on the code he helped write. Prosecutors now plan a 2026 retrial.

By HexDiver · AUG 6, 2025 · 4 min read
No. 1196Threat intel · Fake wallet extensionshigh
Forty fake wallet extensions flooded Firefox's store, phishing seed phrases

The FoxyWallet campaign cloned MetaMask, Coinbase and Trust Wallet add-ons, padding each with hundreds of fake five-star reviews to harvest keys, Koi Security found.

By Dev Patel · JUL 2, 2025 · 4 min read
No. 1195ASSET SEIZUREhigh
How a pig-butchering scam toppled a Kansas bank, and led to a record $225 million seizure

The Justice Department's largest-ever crypto-scam forfeiture traces $3 billion in laundered funds, including the roughly $47 million a bank CEO stole from his own institution before it collapsed.

By Mara Okafor · JUN 18, 2025 · 4 min read
No. 1194DeFi exploit · Suicritical
Cetus loses $223 million on Sui, and validators freeze most of it

An arithmetic overflow in a shared math library let an attacker mint value from almost nothing. What happened next tested whether a blockchain can claw stolen funds back.

By HexDiver · MAY 22, 2025 · 5 min read
No. 1193Voice cloning · FBI/FTC advisoryhigh
The voice on the phone is your grandson. It's a clone.

Scammers need only seconds of audio to fake a loved one's voice, then demand payment in crypto or gift cards. The FBI and FTC say the calls are getting harder to doubt.

By Jules Renner · MAY 15, 2025 · 4 min read
No. 1192By the numbers · Solana launchpadselevated
Nearly all of pump.fun's tokens end in rug pulls, a market-surveillance firm found

Solidus Labs classified 98.6% of tokens minted on the Solana launchpad as rug pulls or pump-and-dumps. Of 7 million-plus launches, only about 97,000 held even $1,000 in liquidity.

By Mara Okafor · MAY 7, 2025 · 3 min read
No. 1191ANATOMY OF A SCAMelevated
The sha zhu pan playbook: how a 'wrong number' becomes a drained bank account

Pig-butchering crews follow a script: find the target, fatten with affection, then slaughter through a fake trading app. Knowing each stage is the strongest defense.

By HexDiver · APR 23, 2025 · 5 min read
No. 1190BY THE NUMBERSelevated
The opening text is the whole con: what 2024's scam data reveals about the funnel

Americans lost $470 million to text-message scams last year, per the FTC, and $5.7 billion to crypto investment fraud, per the FBI. Nearly all of it began with one unsolicited message.

By Jules Renner · APR 16, 2025 · 4 min read
No. 1189Newscritical
How North Korea stole $1.46 billion from Bybit — and why the signature looked normal

A compromised Safe{Wallet} developer machine let attackers rewrite a transaction after it left the screen. Bybit's signers approved what they saw, not what they actually signed.

By Lena Vogt · FEB 24, 2025 · 5 min read
No. 1188Insider exploit · Stablecoinshigh
A former developer's leftover keys drained $49.5 million from Infini

The stablecoin neobank was not phished or bridged into oblivion. Blockchain sleuths say an engineer who built its contract simply kept admin rights, then used them months later.

By Lena Vogt · FEB 24, 2025 · 4 min read
No. 1187Threat intel · Clipper malwarehigh
Clipper malware rewrites the wallet address between your copy and paste

Clipboard hijackers sit dormant for months, then replace a copied crypto address with the attacker's own. One booby-trapped GitHub campaign siphoned five Bitcoin, per Kaspersky.

By Jules Renner · FEB 24, 2025 · 4 min read
No. 1186Regulation · The SEC pulls backelevated
In 2025 the SEC dropped its biggest crypto cases. What that means for you

Coinbase, Kraken and others saw landmark lawsuits dismissed with prejudice and no penalties in 2025. The retreat reshapes who, if anyone, is watching the exchanges you use.

By Lena Vogt · FEB 21, 2025 · 4 min read
No. 1185Rug report · Argentinacritical
How a president's tweet turned $LIBRA into a $4.5 billion rug in one hour

Argentina's Javier Milei posted a Solana contract code on February 14, 2025. Snipers drained roughly $100 million from thinly seeded pools before the token collapsed, and authorities opened a probe.

By Lena Vogt · FEB 14, 2025 · 4 min read
No. 1184DeFi exploit · Starknetelevated
A rounding error cost zkLend $9.5 million — and eventually the whole protocol

A tiny division that rounds down sounds harmless. On Starknet, it let an attacker inflate a balance cent by cent until the lending pools were empty.

By Dev Patel · FEB 12, 2025 · 5 min read
No. 1183Field guide: seed-phrase backupelevated
Back up your seed phrase in metal, never in a photo

Malware now scans phone galleries for recovery-phrase screenshots, then drains the wallet. A durable offline backup and a strict no-cloud rule keep the master key out of reach.

By Jules Renner · FEB 5, 2025 · 4 min read
No. 1182Exchange breach · Singaporehigh
Phemex loses $69 million in the year's first big exchange breach

Hot wallets on Ethereum, Solana, XRP and Bitcoin were drained in minutes; analysts tied the theft to North Korea, while the exchange said its cold storage stayed safe.

By Jules Renner · JAN 23, 2025 · 4 min read
No. 1181Field guidehigh
How a single signature empties a wallet: approval and permit phishing

You never send a transaction. You just 'sign' a message that looks harmless, and hand an attacker the right to move your tokens. This is the mechanic behind most 2024 drainer losses.

By HexDiver · JAN 5, 2025 · 4 min read
No. 1180Employment scams · FTC datahigh
The fake job that pays you to lose money: inside task scams

You 'earn' commissions clicking through app tasks, watch a dashboard climb, then must deposit crypto to cash out. The FTC says these gamified job scams drove record 2024 losses.

By Mara Okafor · DEC 12, 2024 · 4 min read
No. 1179Investigation · celebrity tokenshigh
The $HAWK memecoin rode a viral catchphrase to $490 million, then fell 91% in hours

A podcast star lent her likeness to a Solana token. On-chain data shows one wallet grabbed 17.5% of supply seconds after launch and dumped it near the peak, per TRM Labs.

By Dev Patel · DEC 4, 2024 · 4 min read
No. 1178Blind-signing attack · DeFihigh
Radiant Capital's signers approved a $50 million theft they couldn't see

Malware showed developers one transaction on screen while their hardware wallets signed another. Mandiant ties the October 2024 DeFi heist to North Korea; the protocol later wound down.

By Mara Okafor · OCT 16, 2024 · 5 min read

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