Scams

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.

Crypto exploits and scams led to about $68.3 million in losses across 60 confirmed incidents in May 2026, with $9.38 million later returned. Verus and Thorchain were the largest single events at $11.52 million and $10.12 million, while phishing contributed roughly $2.6 million. Code vulnerabilities dominated the breakdown at $45.13 million, followed by wallet compromises at $13.77 million.

The U.S. SEC says it sued Texas entrepreneur Nathan Fuller after he allegedly raised $12.3 million from roughly 150 investors by marketing an “AI” crypto-arbitrage bot strategy that did not exist. The complaint says the fundraising ran from at least October 2022 through mid-2024, with only about $380,000 used to buy crypto and at least $6.2 million allegedly diverted for personal spending.

Cyble reports that an Android banking trojan dubbed OverlayPhantom is targeting more than 180 banking, financial and cryptocurrency apps across 10 countries. The malware is spread via malicious URLs that mimic trusted apps, then shows convincing fake in-app screens to steal PINs and other credentials and enable account takeover.

The U.S. government, under the Trump administration, has designated Brazil's Comando Vermelho (CV) and Primeiro Comando da Capital (PCC) as Specially Designated Global Terrorists, with Foreign Terrorist Organization status planned to begin on June 5. The move cites their alleged drug-trafficking operations and claims they used cryptocurrency—including bitcoin mining—to launder proceeds, alongside reports of ASIC seizures during an operation in Rio de Janeiro.