scam

$300 million. That's a staggering number. That’s the average Coinbase users have been scammed out of each year due to social engineering scams. Think about that for a second. That’s more than the vast majority of seed stage or even Series A stage startups raise in funding rounds. Criminals are...

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...

Cryptocurrency scams in the United States recently skyrocketed, with reported losses amounting to $9.3 billion in 2024. According to the FBI’s Internet Crime Complaint Center (IC3), cryptocurrency scams have exploded by an eye-popping 66% over last year. This shocking trend has an impact across the lifespan, but older Americans are...

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...

Consider the story of Sarah, a single mother who invested most of her life savings into ROAR, seduced by the siren song of financial independence. She pictured a better life for her children, a college education, a nest egg for retirement. Then, poof, $800,000 disappeared, and along with it, vanished...

The global landscape of Decentralized Finance (DeFi) offers a trustless utopia. Yet inarguably, human fallibility remains an Achilles’ heel as a vulnerability. Our most recent ROAR hack yielded significant losses of $785,000. This incident should serve as a reminder of the insider threat that even the most innovative blockchain projects...

In the rapidly evolving landscape of decentralized finance (DeFi), security cannot be an afterthought. Recent developments surrounding KiloEx show how quickly things can turn on even the most seemingly promising platforms. It’s a cautionary tale to halt complacency in this rapidly changing environment. MetaBlock X is looking forward to breaking...

Losing your crypto to a scam feels like being robbed in broad daylight, only the thief is invisible, and the getaway car is a blockchain. I know. I've heard the stories. Stories like Sarah's, who poured her life savings – money meant for her daughter's college fund – into what...

In the ever-evolving landscape of cryptocurrency, the proliferation of scams has taken center stage as one of its most pressing challenges. Thousands of real people have been scammed due to these schemes, the tricks costing them thousands of dollars. As a result, the overall demand for crypto recovery services has...