MoonPay execs fall victim to $250K crypto scam: ‘Accounts originating from Nigeria’
2025-07-13 11:39:45
Main Idea
MoonPay executives fell victim to a $250K crypto scam involving frozen USDT, highlighting rising crypto fraud risks as the FBI reports a record $9.3B in losses.
Key Points
1. MoonPay's CEO and CFO lost over $250,000 in a scam involving 40,350 USDT, now frozen and under government recovery.
2. The scam emails originated from Nigeria, falsely impersonating a U.S. real estate developer linked to Donald Trump.
3. The FBI's IC3 report noted a record $9.3B in crypto fraud losses in 2024, a 66% increase from 2023.
4. MoonPay recently expanded into all 50 U.S. states and secured a BitLicense from New York regulators.
5. The case underscores growing crypto fraud risks despite increasing institutional adoption.
Description
As crypto goes mainstream, why can’t even the experts escape the rising wave of sophisticated scams?
Latest News
- BONK outpaces Bitcoin, DOGE – What’s Bonk.fun got to do with it?2025-07-14 01:05:58
- Central banks buying Bitcoin? The quiet exposure no one’s talking about2025-07-14 00:11:50
- What FARTCOIN’s $2 mln whale movement means for traders targeting $1.602025-07-13 22:03:19
- BlockFi, DOJ close the book on $35 mln dispute – Details inside2025-07-13 21:07:15
- Chainlink breaks $15 – 4 factors backing LINK’s push to $202025-07-13 20:10:27