A South Carolina retiree is taking her case to the US Tax Court after losing over $800, 000 in a cryptocurrency scam. She claims she should be able to subtract those losses from her taxable income, but the IRS has denied that request. The denial has left her with a tax bill of more than $320, 000
A sharp crash hit crypto markets overnight, wiping out billions in value. Bitcoin sank to $62, 600—a 6% drop—while Ethereum fell to $1, 750. Smaller coins like Solana and Hyperliquid took even bigger hits, losing around 9%. Even the recent winners weren’t safe. Zcash lost 12%, Near lost 18%, and ano
A clothing store quietly linked to a high-profile government figure vanished from the internet after users spotted something suspicious. Based Apparel, which sells trendy hoodies and casual wear, was pushing a sneaky piece of malware called "ClickFix" to Macintosh users. The trick involved convincin
The numbers tell a shocking story. In 2025 alone, online scams drained a mind-blowing $442 billion from victims worldwide. Behind this theft stands a hidden web of scam centers, where trafficked workers are forced to commit fraud under brutal conditions. These criminals rely on more than just persua
A man from Ohio is suing the tax agency after it denied him a large refund he believes should cover losses from a crypto scam. The lawsuit was filed in the Southern District of Ohio and centers on an alleged “pig‑butchering” scheme that stole more than $800, 000 from the plaintiff. He claims h
A global police raid hit a major crypto scam ring, taking down nine fraud hubs and detaining 276 people. The FBI teamed up with Dubai Police and China’s Public Security Ministry to make the arrests. In California, three suspects face federal charges of wire fraud and money laundering. A fourth wa
Popular blues-rap artist G. Love trusted the wrong app after his computer broke. He searched the Apple App Store for the Ledger wallet software he'd used before, downloaded what looked identical, and entered his 12-word seed phrase to restore access. Seconds later, $430, 000 in Bitcoin and Ethereum
A fraudulent app in the Mac App Store posed as a well-known crypto tool and stole millions from users—including a professional musician. The fake Ledger Live app stayed hidden for a week before being pulled, but not before draining over $9. 5 million in Bitcoin, Solana, and other currencies from mor
Last year, cryptocurrency fraud cost Americans over $11 billion, making it the top scam category for losses. The FBI’s data shows reports of internet crimes jumped from 860, 000 in 2024 to over a million in 2025. Out of the $21 billion lost to scams, crypto-related tricks accounted for more than hal
A shadowy online marketplace handling cryptocurrency just got hit with sanctions that could freeze its operations. The UK government named Xinbi Guarantee, a platform that lets users trade in stolen data, money-laundering tools, and even tech used for running scams. This isn’t just a small operation
