In the third quarter of 2023, Kaspersky reported a 32% increase in detected phishing attacks in Kenya compared to the previous quarter and a 12% rise compared to the same period in 2022.

According to local reports from Goiás 24 Horas, Steynberg was purportedly engaged in activities to safeguard his acquired wealth while confined, allegedly operating from the prison warden’s office.

Patricia has acknowledged the Nigerian law enforcement agencies for Bonse’s arrest. CEO Hanu Fejiro highlighted that the recovered funds would significantly aid in compensating affected Patricia users.

Initially, the platform seemed trustworthy, delivering on its promises by allowing users to make withdrawals and even enticing them with a “tax-free” withdrawal day scheduled for October 16th.

Access Bank initiated this action due to a significant loss it incurred, allegedly amounting to over $10.4 million or 8 billion naira, between May and June this year

The Journal de Bangui reported that Bryan Ndikum, a Cameroonian national, was apprehended in Berberati, and it is believed that he and his associates operated Clé du Succès from the CAR capital, Bangui.

The firm, known as Clé du Succès (French for “key to success”), has come under scrutiny as its operators mysteriously vanished overnight, absconding with substantial sums of money invested by unsuspecting individuals.

The fraudsters built trust with their victims and then introduced them to cryptocurrency investments, promising quick profits.

It is speculated that the reimbursement plan might see the net losers receiving between 50% and 60% of their initial investments.

The allegations against MTI were first filed on June 30. They lured victims with false promises of trading intelligence software utilizing Bitcoin.

Patricia’s announcement entails the automatic conversion of all outstanding BTC and Naira balances to the PTK token without requiring user consent.

Mirror Trading International’s CEO Johann Steynberg found guilty for identity forgery in Bitcoin pyramid scheme; faces reduced fine and ongoing extradition proceedings.

With 75 million KYC checks done, Smile ID is out with its third report on the State of KYC, customer onboarding, and fraud trends in Africa.

According to a Chainalysis report, crypto inflows to illicit entities, excluding those that have been sanctioned or subject to special measures, have decreased by 65% compared to the same time in 2022.

Blockchain security company, Certik, has compiled a report showing the value of cryptocurrencies lost in hacks and exploits during the second quarter of the year. According to the report, hackers stole $313 million through different kinds of scams and malicious exploits.

Atomic Wallet users have stolen at least $35 million worth of crypto assets. Security teams are investigating the cause of the attack. Reports have surfaced of lost tokens, transaction data being erased, and even entire crypto portfolios destroyed.

According to a lawyer representing over 1,000 victims, as many as 800,000 people may have fallen prey to the scam.

The lawsuit claims that Mashinsky and Celsius defrauded hundreds of thousands of investors out of billions of dollars worth of cryptocurrency.

Paxful CEO emphasized that he is tired of dealing with fraudulent crypto schemes therefore partners and industry experts must put in more effort for crypto education.

South African regulator, National Consumer Commission (NCC) recently disclosed that it has unraveled a pyramid scheme that defrauded over 4,000 citizens of $6 million.

Earlier, OlympusDAO users were briefly alarmed after a hacker exploited 30,000 OHM tokens worth $300,000 and then returned the funds.

Mastercard has launched a new product called Crypto Secure that helps banks assess the risk of crime associated with crypto merchants on its network.

Zugacoin, a Nigerian cryptocurrency supposedly created to eradicate poverty is being slammed for being yet another Ponzi scheme.

According to crypto data firm, Chainalysis, illicit crypto activities have declined and the cumulative revenue of cryptocurrency scammers in 2022 is currently 65% lower than the record in July last year.

According to Smile Identity, the crypto industry in Africa seems to have experienced the lowest cases of fraud in the first half of 2022.

Police in Israel have detained three suspects who allegedly laundered millions of Euros stolen from the French treasury through cryptocurrency transactions.

South African revenue collector is said to have lodged a claim of approximately $55 million against Mirror Trading International (MTI), Bitcoin Ponzi scheme liquidators.

Kenyan High Court has frozen Korapay and Kandon Technologies’ accounts. The companies are being accused of card fraud and international money laundering

The British Army confirmed a breach of its accounts yesterday and launched an investigation after its YouTube channel featured videos on cryptocurrency and images of billionaire Elon Musk, while its official Twitter account retweeted several posts appearing to relate to NFTs.

A special South African police unit has arrested Zain Muhammed Valle and Michelle Bianca Bezuidenhout over an alleged crypto scam worth about $2 million.