In a dramatic crackdown, Spanish authorities arrested six individuals tied to a sprawling AI-driven investment fraud that swindled over $20 million from 208 victims worldwide. The elaborate scheme, which deployed deepfake videos and fake law enforcement, targeted victims up to three times, leaving financial ruin in its wake. Here’s how the operation unfolded and why experts warn such scams are…
In March 2023, Euler Finance, a star in decentralised finance (DeFi), faced a crisis that threatened its existence. An attacker syphoned $197 million overnight through a flaw hidden in its code. The breach stunned users and experts alike, raising urgent questions: Could a platform once deemed secure recover? And why did the hacker return most of the funds? The answers…
In 2021, a memecoin named SafeMoon skyrocketed to fame, luring millions with dreams of wealth. Fuelled by viral hype and celebrity cheerleaders, its $17 billion valuation dazzled investors. Yet beneath the glittering promises lay a trapdoor—one that would soon swallow fortunes. Let’s unravel how a token that vowed to “safely reach the moon” became a black hole for trust and…
In the shadowy corridors of decentralised finance, a digital heist shook the crypto world. An anonymous actor syphoned over $600 million from Poly Network, leaving experts scrambling. The breach exposed cracks in blockchain’s armour, sparking debates about ethics, security, and the motives behind history’s largest DeFi theft. Poly Network Launched in 2020 by Ontology, Neo, and Switcheo, Poly Network pioneered…
The world’s most elusive fugitive isn’t a drug lord or a spy. She’s Ruja Ignatova, the mastermind behind OneCoin, a $4.5 billion cryptocurrency scam. Dubbed the “Crypto Queen,” she vanished in 2017, leaving millions in financial ruin. Here’s how she pulled off the heist of the decade and why she’s still at large. The Rise of a Crypto “Genius” In…
In the shadowy world of cryptocurrency, where fortunes are made and lost in the blink of an eye, a group of young scammers orchestrated one of the most audacious heists in digital history. Their weapon of choice wasn’t sophisticated malware or complex hacking tools; it was simply the art of persuasion. The Perfect Con The air was thick with anticipation…