Coinatory

Loopscale Recovers $2.8M After $5.8M DeFi Exploit Solana-based decentralized finance (DeFi) protocol Loopscale has successfully recovered approximately $2.8 million of the $5.8 million lost in a recent exploit, following ongoing negotiations with the attacker. The breach, which occurred on April 26, 2025, involved manipulation of the RateX PT token pricing, allowing the attacker to drain funds from Loopscale's USDC and SOL vaults. In response, Loopscale offered a 10% bounty and full release ... Loopscale Recovers $2.8M After $5.8M DeFi Exploit Coinatory

Vietnam Police Bust $1M Crypto Scam Linked to Ancient Treasures Authorities in Vietnam have uncovered a cryptocurrency scheme that scammed 100 businesses and more than 400 individuals out of almost $1.17 million. The general director and seven accomplices of a corporation that is loosely translated as "Million Smiles" allegedly planned the scheme. They enticed victims with the promise of remarkable returns on a bogus token called the Quantum Financial System (QFS) coin. The QFS coin was promoted by the cr... cryptocurrency news

Scammers Exploit X Breaches, Steal $500K in Solana Scam Over 15 prominent X accounts were recently compromised, with attackers deploying a wave of phishing scams targeting Solana investors. By launching fraudulent meme tokens and promoting them via hijacked social media pages, the hackers amassed an estimated $500,000, according to blockchain investigator ZachXBT, who disclosed the findings on December 24. Notable victims include Brett, Kick Streaming, and Alex Blania. The breached accounts were ... crypto news today

Social Engineering Scams Threaten Crypto Users, Says Coinbase CISO Jeff Lunglhofer, Chief Information Security Officer at Coinbase, warns that social engineering scams represent the most significant risk facing cryptocurrency users today. In a recent interview with crypto.news, Lunglhofer detailed the rising prevalence of these scams, which target both novice and seasoned crypto enthusiasts. “Social engineering scams are by far the number one threat to crypto enthusiasts and crypto holders and investors toda... Coinatory

Coinbase Warns Gen Z of Rising Crypto Scams Amid Growing Online Threats Coinbase has issued a stark warning about the growing wave of online scams targeting younger users, especially those in Generation Z. In a blog post published on October 8, the cryptocurrency exchange outlined key threats—social media fraud, romance scams, fake websites, and recovery schemes—urging users to remain vigilant. The platform emphasized that in the world of cryptocurrency, users bear full responsibility for securing their assets. U... Coinatory cryptocurrency news

South Korean Tech CEO Arrested in $366 Million Cryptocurrency Scam Byun Young-oh, the CEO of South Korean technology firm Wacon, has been arrested for allegedly orchestrating a $366 million cryptocurrency scam that defrauded over 500 investors. The scheme, executed through a platform named MainEthernet, reportedly involved a Ponzi-style operation, primarily targeting elderly citizens. Wacon, a company with approximately 12,000 members, is suspected of operating as a Ponzi scheme or multi-level marketing (MLM... Coinatory

MonoSwap Security Breach Urges Immediate Fund Withdrawals MonoSwap, a prominent yield farming protocol, recently experienced a major security breach. The incident occurred after a malicious actor, impersonating a venture capitalist, installed malware on a developer's system during a call. This phishing attack granted the perpetrators access to MonoSwap's wallets and smart contracts, leading to the unauthorized withdrawal of a significant portion of staked liquidity. In response, MonoSwap has advised... crypto news

A year ago, Sergey Mavrodi had a closed casket funeral. But it seems that even death hadn"t stopped him. This person is so widely-known for his implementation of the Ponzi scheme in Russia back in 90s, that scammers still use his name. They say, we shouldn"t be caught with speaking ill against the dead, but this person is so controversial that "he" is still involving people to "his" dirty financial games. The truth is, modern technologies allow to synthesize voice and create a full-fledged video clip with a virtual character. This is the only reason, why over the past few months, there was a series of video messages been published from a person who looks very similar to Mavrodi. He proposes to invest in projects, promising profits ... Read more about " Dead Mavrodi keeps scamming " on coinatory.com

Current cryptocurrency projects often face competition from their clones, and even Bitcoin has many “versions”. It seems that now the XRP lineup has come, as a digital asset has recently been introduced under the name “XRP Classic”. Yes, the title seems to be a problem. And most importantly, it is unclear what the XRP Classic asset itself is, and how it differs from the well-known Ripple XRP. Of course, reusing the XRP logo in the future can lead to discussions and controversies. This new project is unlikely to have been approved by Ripple or the XRP developers, which makes it appear rather suspicious. As stated on the project website, XRP Classic should be an industrial decentralized solution. Although the asset information cont ... Read more about " XRP Classic (XRPC) Project " on coinatory.com

Last year"s rise of Bitcoin stimulated the rapid development of other cryptocurrencies. In the theory of Altcoins should have repeated the success of the main cryptocurrency. But the reality is that most of them today are traded in small volumes and are virtually worthless. The success and anonymity of cryptocurrency have long attracted not the most conscientious people. Cryptomedia is littered with stories about trafficking in illicit goods, theft and fraud. And pump-and-dump schemes have become one of the most common types of fraud in the last year. Quite a little is known about how such schemes are arranged, but this may change thanks to the work of Jiahua Xu and Benjamin Livshits from Imperial College London, writes MIT ... Read more about " Scientists have developed an algorithm that can predict pump-and-dump schemes " on coinatory.com

It seems that the days of scammy and fake Bitcoin clone - Bitcoin Cash are over. The whole story is described in the previous article. A few hours ago, Bitcoin Cash activated hardfork, which divided the fourth largest cryptocurrency network into two competing versions, currently referred to by their main software clients - Bitcoin ABC (BCHABC) and Bitcoin SV (BCHSV). The Bitcoin Cash network was updated soon after 18:00 UTC when the chain split into BCHABC and BCHSV at block 556767. Bitcoin.com mined the first two blocks according to the rules of BCHABC - the SV nodes marked them as disabled, while BCHSV there is still to mine its first divergent block. On the eve of the hardfork BCHABC, which renewed client activates functions ... Read more about " Hashwar is killing Bitcoin Cash " on coinatory.com

Recently, the new Arbitrade company hit the news headlines, intending to open a trading platform for cryptocurrency and gold in Bermuda. However, Ken Griffith, head of Solidus Limited Bermuda, which has more than twenty years of experience in the gold and cryptocurrency sector, finds the project suspicious and warns the public. It is reported that Arbitrade crypto token will be provided with gold reserves stored in Dubai, the owner of which is the American company Scotia International with headquarters in Nevada. Since 1996, several legitimate gold trading sites have emerged, including gold trading paired with bitcoin: goldmoney.com, vaultoro.com, bullionvault.com, etc. However, several dozen fraudulent projects arose over the same ... Read more about " Arbitrade ICO has signs of fraud " on coinatory.com

On November 9, the Austrian Financial Market Supervision Authority (FMA) warned retail investors about the negative consequences of using Bitcoin Profit"s “trading service”. According to the regulator, Bitcoin Profit conducts unlicensed activities. Currently, the website of the company that used to provide these services is not working, and therefore it is difficult to determine how many people in Vienna were involved in this illegal trading. At the same time, the owners of Bitcoin Profit advertised their service via the Internet for almost six months. Reading the fake “reviews” left by “happy” clients on different sites, you might think that the company really offers users access to a cryptocurrency platform. In one of the ... Read more about " Austrian FMA warned of the dangers of “trading service” Bitcoin Profit " on coinatory.com

The New Zealand Financial Markets Authority added three allegedly fraudulent projects to its “warning list” for investors, according to Crypto Globe. This time, the authorities called on the public to stay away from companies Cryptogain, Russ Horn and Zend Trade. These startups have been included in the “Suspected Scam” section. The regulator comments: “We believe that there are signs of fraud in the activities of these companies or people. We strongly advise you not to deal with them. ” The full blacklist can be found here. CryptoGain reminds BitConnect fraudulent project, promising investors a huge daily profit. The site CryptoGainLimited.com promise 2.6% per day. In addition, the company offers cloud mining packages (with a weekly ... Read more about " The New Zealand regulator warned against three cryptocurrency scam projects " on coinatory.com

Users of Oyster (PRL) cryptocurrency on October 30 sounded the alarm in social networks, suspecting that the founder of this project, acting under the pseudonym Bruno Block, deceived investors. This is reported by the Blockchain Reporter. In the official telegram channel of the project, the administrators placed the message: “We can confirm someone has taken control of the Smart Contract. Do NOT BUY ANYTHING. We are waiting for more information and also trying out best to close KuCoin’s trading right now!” Someone controlling the smart contract released and immediately sold 300,000 tokens, rescuing about $300,000. It seems that the attacker deliberately began to operate at night when employees of the KuCoin exchange, the largest tradi ... Read more about " Anonymous Founder of Oyster Pearl is suspected in exit scam with $300,000 " on coinatory.com

New York federal court fined hedge fund Gelfman Blueprint Inc along with its CEO Nicholas Gelfman for $ 2.5 million. According to local media, the fund organized a Ponzi scheme, that is, a fraudulent scheme, according to which customers are promised high returns and minimal risk. According to the information on the company"s website, in 2015, the fund had 85 customers. The fund managed a total of 2367 bitcoins. Last September, the US Commodity Futures Trading Commission (CFTC) already accused Gelfman Blueprint Inc of fraud and found ... Read more about " Bitcoin fund fined $2.5 million " on coinatory.com

In October 2017, the department for the investigation of economic crimes of the Mumbai police (EOW) announced the search for the founder and sole director of ATC Coin Subhashchand Jewria, who was suspected of creating a cryptocurrency fraudulent scheme. According to the investigation, Jewria registered the company ATC Coin in the UK in March 2017 with a paid-in capital of one pound sterling, declaring its intention to create the ATC Coin cryptocurrency. He promised investors that after 12-18 months, it will be traded on the stock ... Read more about " The perfect crime: money stolen, but nobody complains " on coinatory.com

After publishing an article "Watts Miners ASICs – a scam?" we received many confirmations that, in fact, people don"t receive their ASIC miners after making the payment. For example, you can check comments on that article and the information provided by APO Group in e-mail and announced on their website. We urge our readers to share this information with people who might possibly try to make a purchase of ASIC miner from Watts Miners Inc https://wminers.com/ to avoid further fraudulent actions. We ask representatives of the media that pu ... Read more about " Watts Miners - fraud confirmed! " on coinatory.com

In Reddit, there were rumors that the branch of the crypto exchange Kraken in Canada closes after three months of work. According to one version, this is due to the leakage of the database with the personal data of users, on the other - the pre-bankrupt state of the company. Earlier Kraken voluntarily left Japan, the decision to leave Asia was caused by the reason and the desire to save on costs, but the closure of a newly opened office can point to real problems with finances. The company denied rumors spreading in social networks about ... Read more about " Kraken crypto exchange underwent a "verbal attack" " on coinatory.com

Contrary to the statements of Bitcoin Cash supporters who promised to create a better version of bitcoin, which will be popular as a payment tool, the cryptocurrency is barely used in commercial transactions. This is written by Bloomberg referring to the analysis of the Chainalysis company. A study of 17 major processing services, such as BitPay, Coinify, and GoCoin, showed that the volume of payments using Bitcoin Cash fell to $ 3.7 million in May after reaching a peak at $ 10.5 million in March. With the help of bitcoin in May, payments ... Read more about " Bitcoin Cash is rarely used " on coinatory.com