30 results
- 11 Jan 2021
How to Identify Cryptocurrency Scams And Avoid Falling for Them
By Jide Williams, The number of cryptocurrencies on the market is on a steady rise. Every year, dozens of new cryptocurrencies enter the market and these are often followed by a series of Initial…
- 25 Oct 2017
Banks Panic over Cryptocurrency -''Biggest Scam Ever''
Jordan Belfort has branded Initial Coin Offerings (ICOs) the 'biggest scam ever'. Cryptocurrency expert and founder of London firm CommerceBlock disagrees and said the old guard of banking and…
- 10 Jan 2024
Study Reveals Consumers Embracing Cryptocurrency, But Still Concerned Over Possible Scams
As cryptocurrencies become ‘the new normal’, Kaspersky conducted a global survey¹ to study consumers’ attitudes to using them. 81% of respondents currently own crypto, and 55% said they are well…
- 16 Dec 2024
EFCC Arrests 193 Foreigners, 599 Others over Alleged Crypto, Romance Fraud
Economic and Financial Crimes Commission (EFCC) has said that it has arrested 792 suspects in one operation over alleged a cryptocurrency investment fraud and romance scam. Wilson Uwujaren, director,…
- 13 Aug 2025
SEC Partners Chainalysis to Tackle Rising Crypto Scams
A surge in cryptocurrency fraud has prompted the Securities and Exchange Commission (SEC) to strengthen its monitoring measures. The regulator has partnered with blockchain analytics firm Chainalysis…
- 18 Mar 2022
Crypto-trading Scam Demands Thousands of Dollars in Fake “Profit Tax” to Unlock Victims’ Accounts, Sophos Finds
Sophos, a global leader in next-generation cybersecurity, has released new insight into an international cryptocurrency trading scam called CryptoRom that targets iPhone and Android users through…
- 15 Oct 2021
Scam Alert: Sophos Research Reveals How CryptoRom iPhone Scam Rake in Over $1.4m
Sophos, a global leader in next-generation cybersecurity, has released new insight on an international cryptocurrency trading scam targeting iPhone users through popular dating apps, such as Bumble…
- 22 Jun 2025
Crypto Scam Unmasked: U.S. Recovers Record $225m in Global Fraud Bust
The U.S. government has recovered $225 million in what is now the largest seizure of funds linked to a cryptocurrency investment scam. In a statement released Wednesday, June 18, the U.S. Attorney’s…
- 1 Feb 2024
7 Scams to Watch Out for in 2024
As technology gets more advanced, fraudsters are also getting better at deceiving and stealing from us. In 2024, scammers have some new tricks up their sleeve, such as deepfake impersonation. That is…
- 4 Feb 2024
Sophos Uncovers How Criminals are Leveraging “As-a-Service" Business Model with Sha Zhu Pan Kits to Expand Cryptocurrency Fraud
Sophos, a global leader in innovating and delivering cybersecurity as a service, today revealed how sha zhu pan scammers—those conducting elaborate, romance-based cryptocurrency fraud—are leveraging…
- 9 Jul 2026
INTERPOL-Led Global Fraud Crackdown Nets 5,811 Suspects, Intercepts $293m
A global anti-fraud operation coordinated by the International Criminal Police Organization (INTERPOL) has resulted in the arrest of 5,811 suspects and the interception of illicit assets worth 293…
- News21 Aug 2026
How AI, Poor Governance Aid Transnational Scams —UNODC
Nigeria has emerged as one of the new destinations for transnational cybercrime syndicates relocating from Southeast Asia following intensified crackdowns by regional governments, a new report published by the United Nations Office on Drugs and Crime (UNODC), has revealed.
- 8 Jan 2020
‘Fraud Could Cost Africa its Blockchain Opportunity’
Africa has increased efforts to tackle rising levels of fraud perpetrated using blockchain technology. This is according to Kwame Rugunda, chairman of the Blockchain Association of Uganda, who…
- 22 Oct 2025
Interpol, Afripol Smash $260m Terror Financing Network in Nigeria, Others
Interpol and Afripol have uncovered a vast web of terrorist financing across Africa, leading to 83 arrests in six countries and the seizure of $260 million in cash and cryptocurrency linked to…
- 10 Jul 2023
Kaspersky Uncovers new Phishing Scheme Targeting Cryptocurrency Users Worldwide
Kaspersky has unearthed a phishing campaign targeting cryptocurrency users across the globe. The scheme showcases the ever-evolving tactics used by cybercriminals, reflecting cryptocurrency's…
- 11 Apr 2023
Cryptocurrency Phishing Grows by 40Per Cent in One Year - Report
Kaspersky’s anti-phishing systems have prevented 5 million cryptocurrency-related phishing attacks in 2022, increasing by 40% compared to the previous year. Conversely, there was a decrease in the…
- 7 May 2024
Global Mobile Banking Malware Grows 32% in 2023
Kaspersky has released its annual Financial Threats Report for 2023, offering a detailed analysis of the evolving financial cyberthreat landscape. The report reveals significant increases in mobile…
- 16 Oct 2025
£100m London Mansion, 18 Other Properties Seized from Alleged Crypto Scam Kingpin
British-Cambodian businessman and chairman of Prince Holding Group, Chen Zhi, has been charged with wire fraud and money laundering conspiracy, following allegations of masterminding a £10.5 billion…
- 6 Aug 2026
Fleeing Southeast Asia Scam Syndicates Find New Homes in Nigeria, Kenya- Report
Southeast Asia cybercrime networks are expanding operations into Africa as crackdowns intensify in the subregion, according to a recent report from the United Nations Office on Drugs and Crime…
- 2 Mar 2023
7 Percent of Internet Users Encountered Phishing Attacks in Nigeria in 2022
Kaspersky’s anti-phishing system prevented more than 500 million attempts at accessing fraudulent websites globally in 2022. This is twice more compared to 2021 figures. In Africa, 8.7% of…
- 4 Nov 2025
ZachXBT, Crypto Investigator Lists Nigeria, Others as Worst Jurisdictions for Scam Victims
ZachXBT, scam survivor turned Blockchain investigator, has named Nigeria, India, Canada, UK and Russia, as the hardest places to help crypto scam victims. ZachXBT cited stagnant legal systems and…
- 1 Apr 2025
Financial Cyberthreats Report Reveals 3.6Ttimes Surge in Mobile Banking Malware
As digital financial transactions continued to expand worldwide, cybercriminals shifted their focus toward mobile devices and crypto assets. According to Kaspersky’s new Financial Cyberthreats…
- 1 Mar 2022
Snappyexchange Launches Mobile app To Ease Redeeming Gift Cards & Crypto Trading In Nigeria
The launch of the snappyexchange mobile app is one of the best things that can ever happen to cryptocurrency and gift card traders in Nigeria. With this mobile app, you can conveniently trade your…
- 21 Apr 2025
UN Says Billion-Dollar Cyberscam Industry spreading Globally
Crime syndicates have made billions scamming victims in Asia and are now expanding their operations to Africa, Europe, South America and further, according to a United Nations report on Monday. The…
- 12 Jul 2024
Davido Launches Chatter, Own Social Media App
David Adeleke, Nigerian musician well known as Davido, has launched Chatter, a new social media application. Chatter is a social audiovisual utility platform designed to help amplify the voice of…
- 7 Nov 2022
Bitget Launches "Bitget Insights" to Enhance Social Trading Initiatives
Bitget, leading global cryptocurrency exchange announced the launch of its new feature “Bitget Insights''. The feature serves to integrate social media with social trading via the Bitget exchange.…
- 28 Aug 2026
Nigeria Police Uncovers 12.5m Victims Email Logs across 50 Countries
Nigeria Police Force National Cybercrime Centre (NPF-NCCC) said more than 12.5 million victims’ email logs had been recovered, with victims identified across more than 50 countries.
- 30 Jan 2026
EFCC Seeks Suspension, Prosecution of Banks for Aiding N162Bn Crypto Scams
Economic and Financial Crimes Commission (EFCC) has called for the suspension and prosecution of deposit banks, Fintechs and microfinance banks aiding and abetting fraudsters in defrauding Nigerians…
- 5 Aug 2025
WhatsApp Cracks Down on Criminal Scammers & Introduces New Safety Tools
WhatsApp on Tuesday announced significant advancements in its ongoing fight against sophisticated messaging scams, including taking down millions of accounts linked to criminal scam centers and the…
- 3 Mar 2021
Paxful Offers Tips on How Users Can Safely Trade Cryptocurrency
To mark this year’s National Consumer Protection Week, Paxful is offering a few tips on how users can buy and trade cryptocurrency safely. Cryptocurrencies are growing in popularity; more and more…