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Long-term trust-building tactics are powering pig-butchering crypto scams, which have become one of the fastest-growing fraud threats in the digital asset space. Blockchain security firm CertiK reported $370.3 million in scam-related losses in January 2026 alone, with social engineering tactics accounting for the majority of stolen funds. Unlike traditional phishing attacks that defraud victims quickly,…
Figure Technology, the publicly traded blockchain lender, confirmed on Friday that it suffered a customer data breach after an employee fell victim to a social engineering attack. The New York-based company, which went public in September 2025 under the ticker FIGR, disclosed the incident and said it is offering free credit monitoring to affected individuals….
Ronald Spektor, a 23-year-old Brooklyn resident, was arraigned Friday on 31 charges including first-degree grand larceny after prosecutors say he stole $16 million in cryptocurrency from approximately 100 Coinbase users. The scheme involved impersonating Coinbase representatives to trick victims into sending crypto to accounts he controlled, then bragging about his exploits on Telegram before allegedly…
