Crypto Scams

🌐Crypto ScamsJuly 30, 2026

UN Warns of $114 Billion Cryptocurrency Fraud Losses in Southeast Asia

The UN Office on Drugs and Crime reported that cybercrime networks in Southeast Asia caused losses between $88-114 billion in 2025, primarily through cryptocurrency fraud. Criminal gangs are increasingly using AI, Telegram, and specialized blockchain platforms to conduct sophisticated scams on a global scale. Recent mass arrests across the Philippines, Malaysia, and South Korea have resulted in the detention of hundreds of suspects.

🌐Crypto ScamsJuly 26, 2026

Users Lose $1.8 Million in Crypto to Fake Sparrow Wallet App on Apple App Store, File Lawsuit

Three users lost approximately $1.8 million in cryptocurrency after downloading a fake Sparrow wallet application from Apple's App Store. The users are suing Apple for negligence in app review, arguing that the company failed to prevent a fraudulent app despite the original Sparrow wallet not being available on iOS.

🌐Crypto ScamsJuly 26, 2026

Bitcoin Market Report: July 26 Closing, Down 0.75% Over the Week

Bitcoin traded at approximately $64,301 on July 26, up 0.31% in the past 24 hours but down 0.75% over the week. The price peaked near $66,000 on July 21 before declining due to expectations of additional Federal Reserve rate increases and geopolitical tensions, closing the week under pressure from macroeconomic headwinds.

Crypto ScamsJuly 25, 2026

Kharkiv Cryptocurrency Scam Ring to Face Trial for Defrauding Hundreds of Thousands

Ukrainian authorities in Kharkiv have brought charges against a criminal organization that defrauded victims of approximately 790,000 hryvnia by impersonating well-known cryptocurrency exchanges. The gang used fake trading bots on Telegram to lure victims with fabricated profits, then demanded fees and taxes before allowing withdrawals.

Crypto ScamsJuly 25, 2026

Cryptocurrency Investment Scam in Palma Nets €270,000; Police Recover Partial Losses

Spanish National Police are investigating a cryptocurrency investment fraud in Palma involving €270,000 in losses. Scammers promised high returns through a fraudulent platform, then demanded additional payments to 'unlock' invested funds. Blockchain tracking recovered €40,500. A separate SMS phishing fraud impersonating a bank resulted in €55,500 in partial recovery.