Latest Fraud News and Insights | Yellow.com

The SEC has slapped NovaTech and its top brass with charges. The allegation? A whopping $650 million crypto fraud. NovaTech's scheme was a doozy. It promised safe investments in crypto and forex markets. Over 200,000 investors worldwide fell for it. The company's leaders, Cynthia and Eddy Petion,

Bug bounty platform Immunefi has revealed shocking data about BNB Chain. Since its launch in September 2020, the blockchain has lost nearly $1.7 billion in crypto assets. Immunefi's research shows hundreds of fraud and security incidents on BNB Chain. The total loss stands at a whopping $1.64 billi

Floki Inu, a well-known memecoin project, has issued a warning about unauthorized tokens. These tokens falsely claim association with the Floki brand. And they have appeared on Solana and Base blockchains, trying to steal money in a rather untraditional way. The project's official X account alerte

Cryptocurrency hacks and fraud escalated in the second quarter of 2024. Losses nearly doubled compared to the same period last year. Immunefi, a crypto bug bounty platform, reported $509 million in losses. This marks a 91% increase from Q2 2023. May 2024 saw record-breaking losses of $107 million.