Scams

The DOJ’s Retreat from Crypto Enforcement: A Double-Edged Sword

April 11, 2025April 11, 2025 Jorge Santos

In a significant policy shift, the U.S. Department of Justice (DOJ) has disbanded its National Cryptocurrency Enforcement Team (NCET), signalling a move away from broad regulatory actions against the cryptocurrency industry. This decision, aligned with the Trump administration’s pro-crypto stance, aims to reduce what it perceives as regulatory overreach and foster innovation in the digital asset space. A Cause for Concern: Potential Rise in Crypto Scams While the intention to support innovation is notable, the move raises concerns about the potential for increased crypto-related scams and fraudulent activities. The NCET…

Emerging AI-driven cyber threats: How criminals attract victims online

March 24, 2025March 24, 2025 Jorge Santos

The rise of generative AI has resulted in ground-breaking innovation in practically every field, including, sadly, cybercrime. Tools such as ChatGPT, FraudGPT, and WormGPT have reduced the barrier to launching complex social engineering assaults, allowing even “low-skilled” criminals to accurately simulate trust, authority, and professionalism. BlockDefenders has been actively monitoring how threat actors evolve. One of the most obvious trends in 2025 is that hackers will utilize AI to help them hack systems and manipulate people. This article discusses how artificial intelligence (AI) is being used to entice and deceive…

Fake Cryptocurrency Recovery Companies: How to Avoid Scams

February 19, 2025February 19, 2025 Jorge Santos

Cryptocurrency fraud is on the rise, and many victims seeking assistance face an additional layer of deception: fake crypto recovery companies. These malicious operations offer to restore stolen assets but often victims are tricked further with upfront payments and unreal guarantees. Additionally, scammers regularly apply follow-up scams, posing as recovery firms or police enforcement, to steal even more money from victims who have already been defrauded. In this article, we dive into why crypto fund recovery is never guaranteed, expose known fake recovery companies, and offer crucial advice on how…