83% of Crypto Users and Investors Have Been Scammed or Hacked — Report

A recent report by Chainplay revealed that 83% of crypto users and investors have been scammed or hacked before highlighting the menace of bad actors in the crypto industry. Chainplay, in collaboration with Storible, investigated 444 Crypto projects and surveyed 2,101 investors to arrive at their verdict, which they shared in a Chainplay blog post.…

April 3, 20250Comments

ByMichael Ndu-okeke

Crypto Traders in South Korea Targeted with Sophisticated Money Laundering Scams

Key Insights Crypto traders in South Korea are exposed to sophisticated scams used to launder money for criminal groups. The scammers disguise themselves as legitimate companies by posting job ads on social media. The scam is a distinct strain of phishing scams that remain a significant challenge in cybersecurity. South Korean crypto traders are lured…

April 1, 20250Comments

ByMichael Ndu-okeke

Losses to Crypto Scams and Exploits Drop to $28.8 million in March

Key Insights In March, the crypto industry recorded only $28.8 million in losses to Crypto Scams and exploits. This is a significant drop from the $1.5 billion Loss recorded in February, driven by the Bybit Hack. Code vulnerabilities and Wallet compromises accounted for over 70% of the total amount lost in March. In March, losses…

April 1, 20250Comments

ByMichael Ndu-okeke