fraud

The cryptocurrency space, which has opened up possibilities for financial innovation that we’ve never seen before, is home to some of the worst #badactors out there. As we’ve written, laundering stolen funds through crypto is increasing. Thanks to the hard work and dogged persistence of on-chain analysts such as ZachXBT,...

In the rapidly changing world of crypto, knowledge is your best protection. Recent reports find that crypto-related crimes led to an astonishing loss of $357 million just in the month of April. This frightening statistic is a reminder of the need for strong security protections. At MetaBlock X, we’re equipping...

Imagine waking up one day, looking at your crypto wallet and seeing that it’s been completely drained. It’s not a glitch, it’s not a market correction, it is a dark, bottomless, chasmic abyss where your deeply appreciated investments once were. This isn’t some hypothetical crypto dystopia, it’s the harsh reality...

Arizona residents are facing a growing threat: Bitcoin ATM scams. Unfortunately, these scams have already scampered away with millions of dollars from unsuspecting victims. Read on to learn how they work and how you can protect yourself from them. MetaBlock X is intended to be a resource to help you...

We know the fraud landscape is constantly evolving. High-risk merchants need to be proactive about new threats to protect their revenue and keep their customers’ trust. A recent Finextra blog post outlines the five fraud trends that will be most felt by high-risk merchants in 2025. This smart piece was...

Each year, criminals walk away with billions of dollars in crypto fraud as they get smarter and better at exploiting the system. So these sophisticated phishing schemes and elaborate Ponzi schemes are just everywhere—pushing people into these schemes. It’s become a wild west for scams, taking advantage of unsuspecting people....

We're told crypto is the future. Liberty through decentralized finance, emancipation from legacy financial institutions, entering a golden age of innovation and prosperity. What if that future is being built on a foundation of forced labor, human trafficking, and generational trauma? What if the glitzy, technocratic sheen of crypto concealed...

The crypto space, despite its potential, is indeed risky by nature. With complex cybercrimes to even more elaborate fraud schemes, the digital asset space is an extraordinary minefield, especially for retail investors and users. Understanding these threats, MetaBlock X is focused on delivering not just strategic insights, but crucial security...

Eugene William Austin Jr., 62, of Port Jefferson, New York, was sentenced to 18 years in prison. He led a complex, multi-year scheme that defrauded more than two dozen victims of almost $12 million. Nicky Austin was sentenced today by U.S. District Judge P. Kevin Castel.In September 2024, a federal...

The innovative, fast-paced world of cryptocurrency presents great promise as well as the potential for abuse. Hugh Austin was just sentenced to 18 years of prison for his part in a $12 million dollar crypto Ponzi scheme. His case serves as a grim reminder of the dangers of cryptocurrency and...