Phishing Attack Swipes $5.1M Worth of BEAM A crypto trader suffered a phishing attack that resulted in the theft of 180 million BEAM tokens, valued at $5.14 million. The scammer quickly exchanged the tokens for 1,629 ETH, causing a 7% drop in the price of BEAM. The victim’s identity has been identified as Kirill Marinov, … Read more
Down Big: Crypto Scamming Numbers Reduced In 2023 In 2023, the crypto market faced challenges at the beginning of the year but saw a recovery with increased bullish sentiment. There was a decrease in crypto scamming and illicit activity, with a significant drop in value received in cryptocurrency addresses used for illicit activities. The report … Read more
Ben Armstrong, known as BitBoy Crypto, has confirmed his departure from Hit Network/BJ Investment Holdings, including BitBoy Crypto and subsidiary brands. While Armstrong expressed confidence in his position earlier, his departure has sparked speculation about the reasons behind it. Crypto scam investigator ZachXBT raised concerns about Armstrong’s involvement with questionable meme coins and potential connections … Read more
