About our Crypto Scams news
Latest news on crypto scams, cryptocurrency fraud, and blockchain security threats - tracking Bitcoin, Ethereum, and DeFi investment schemes, phishing attacks, and hacks.
Cryptocurrency-related fraud has become increasingly sophisticated, with global losses reaching an estimated £18.7 billion in 2024. From fake investment platforms to compromised wallets and social engineering attacks, criminals continue to exploit the complex nature of blockchain technology and digital assets to defraud investors.
Recent trends show a surge in AI-powered scams that impersonate legitimate cryptocurrency figures and platforms. Law enforcement agencies worldwide have reported a sharp rise in "pig butchering" schemes, where scammers build relationships with victims before convincing them to invest in fraudulent crypto projects. The UK's Financial Conduct Authority has issued multiple warnings about unauthorised crypto firms targeting British investors.
Behind the statistics lie countless personal stories of financial devastation. Support groups and online communities have emerged to help victims cope with losses and warn others about emerging threats. Organisations like Crypto Fraud Support UK provide resources and guidance for those affected, while blockchain forensics firms work tirelessly to track stolen assets and assist in recovery efforts.
The history of cryptocurrency scams dates back to Bitcoin's early days, with the 2014 Mt. Gox exchange collapse marking a watershed moment in crypto security awareness. As the industry evolved, so did the sophistication of fraudsters, moving from simple Ponzi schemes to complex smart contract exploits and elaborate social engineering campaigns targeting both retail and institutional investors.
Our NewsNow feed aggregates the latest reports on cryptocurrency scams from trusted sources, including cybersecurity firms, regulatory bodies, and blockchain analysts. Stay informed about emerging threats, security best practices, and recovery options through our comprehensive coverage of this critical aspect of the digital asset ecosystem.