In a shocking turn of events, a crypto enthusiast recently lost a staggering $282 million in Bitcoin and Litecoin. This happened because of a clever trick known as social engineering. On January 10, 2026, around 11:00 pm UTC, the victim was fooled into sharing their seed phrase. This seed phrase was
In 2025, crypto scams reached an all-time high, with losses hitting a staggering $17 billion. This surge wasn't just about more scams but smarter, more convincing ones. The average amount lost per scam jumped to $2, 764, a huge leap from $782 the previous year. AI and impersonation tactics played a
Charles Hoskinson, the mastermind behind Cardano, has had a rough ride in the crypto world. Over the past four years, he's seen his investments drop by a staggering $2. 5 billion. But he's quick to point out that it's not the tech that's to blame. He believes it's the government's heavy hand that's
Pittsburgh is about to lose a major part of its news scene. The Pittsburgh Post-Gazette, the city's biggest newspaper, is shutting down in May. The Block family, who own the paper, say they've lost over $350 million in the last 20 years. They regret the impact but say they're leaving with their head
In Indonesia, a former education minister is in hot water. The issue? A deal involving Chromebooks for schools. The government says this deal cost them a lot of money. We're talking about 2. 1 trillion rupiah. That's around $125 million. A lot of money, right? The trial is happening in Central Jaka
In December, the crypto world saw a big drop in hacking losses. The total amount stolen fell to $76 million, which is a 60% decrease from November's $194. 2 million. This news comes from PeckShield, a company that keeps an eye on blockchain security. Even though the total loss went down, there were
A crypto trader recently made a huge mistake. They lost $50 million in USDT. How? They fell for a trick called "address poisoning. " This scam tricks people into sending money to the wrong address. Here's what happened. The trader first sent a small test amount of USDT to an address. This address s
The USPS Office of Inspector General recently brought to light a significant healthcare fraud scheme that has been operating for a decade. This scheme involved Texas pharmacies and medical professionals who billed the government for unnecessary prescriptions. The investigation revealed that these h
Do Kwon, once a big shot in the crypto world, got a hefty 15-year prison sentence. His downfall? A massive $40 billion fraud that shook the crypto market. Kwon, a Stanford grad, had a knack for making people trust him. He convinced investors that his stablecoin, TerraUSD, was a safe bet. But it was
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison. This comes after he admitted to wire fraud and conspiracy to defraud. The judge in New York made this decision after hearing from people who lost money because of Kwon's actions. The collapse of Terraform Labs in 2
