Scams

Humanity Protocol's H token fell nearly 88% on June 9, sliding from about $0.78 to roughly $0.099 after reports of a wallet-draining security incident. The project said a Humanity Foundation member's private keys were compromised and told users to avoid the bridge and liquidity pools until further notice. Blockchain data later tied the attacker to mints of 200 million H on BNB Smart Chain and sales that produced 18,510 ETH and 1,548 BNB.

Sam Bankman-Fried has submitted a formal clemency application to the White House through the Justice Department's Office of the Pardon Attorney, after months of public outreach from prison. Trump said in January 2026 he would not pardon the former FTX CEO, and the White House reiterated on June 8, 2026 that it has no plans to grant clemency. Separately, his conviction appeal remains pending, while Polymarket markets put his chance of leaving custody by end-2026 at 6% on about $383,000 in volume.

Binance says it is pairing human reviewers with AI systems to counter financial crime and scam activity on its exchange, with compliance-related roles making up roughly 25% of its global workforce. The company says it prevented about $10.53B in user losses from 2025 through Q1 2026 and reports recovering or freezing $114M linked to external hacks in 2025 plus $60.2M so far in 2026.

IBM says it identified a new “man-in-the-browser” campaign dubbed OverlordMX in March 2026 that targeted financial institutions in Latin America. The company says the malware traps users in bank-branded fake overlays while a Spanish-speaking operator watches sessions live, harvests credentials and one-time passwords, and can move funds to mule accounts in real time.

On 7 June 2026, blockchain investigator ZachXBT warned that JuCoin users have reported withdrawal problems over the past week. He also highlighted concerns around the exchange's reported $511 million reserves and opaque ownership, while JuCoin said delays are tied to upgrades and restructuring.

Wiz reported on May 27, 2026 that a threat group it tracks as JINX-0164 has been approaching crypto developers on LinkedIn and luring them into fake meeting links that install macOS malware. The campaign is designed to steal credentials and take over CI/CD pipelines, and it includes a confirmed supply-chain incident involving a trojanized npm package version released on April 7, 2026.

FairGambling announced on June 5th, 2026 that it has publicly launched a transparency and rewards platform for crypto casino and Bitcoin gambling players. The product bundles on-chain flow analytics, provably fair verification, independent casino reviews, and bonus-code feeds, plus an extra rewards program offering up to 30% rakeback across 40+ operators. It also says its analytics currently track $45 billion+ in deposit flows in real time across the operators it covers.

Texas regulators said on June 3 they issued an emergency cease-and-desist order against BG Wealth Sharing LTD and DSJ Exchange PTY Ltd over an alleged crypto investment and MLM operation aimed at state residents. The order cited claims including 60% monthly returns, principal protection and a 99.6% trading success rate, alongside withdrawal frictions such as an about-20% handling fee and a later 12% charge tied to taxes and account transfers.

The U.S. Justice Department said a public-private effort dubbed “Disruption Week” ran from May 18 to May 21, with tech and crypto firms helping disrupt more than 1.4 million accounts tied to Southeast Asian scam networks. The DOJ said information-sharing also supported the freezing of more than $3.8 million in cryptocurrency linked to laundered funds stolen from Americans.

A purported AI-powered crypto trading operation linked to Nathan Fuller is facing SEC scrutiny over claims he raised $12.3 million from investors between 2022 and 2024. The SEC alleges only 3% of the funds went to real trading, while about $6.2 million was used for personal spending and $5.5 million was paid out to earlier investors.