Scam of the Month Award
Exposing the worst scammers with humor and education
Winner July 2025: CoinDCX Hack
Welcome to the Scam of the Month Award, where we spotlight the most egregious crypto scams with a dash of humor to educate and protect.
- The featured scam for July 2025 is the CoinDCX Hack
- On July 19, India’s biggest exchange lost $44.2 million in SOL and ETH
- Attack vector: insider server breach, funds laundered through Tornado Cash
- How to protect yourself: enforce strict access controls, use multi-sig wallets, monitor transactions closely
See the full breakdown in our latest article on X.
Stay safe and report scams! Follow us on X for real-time updates.
Awards: January to July 2025
Updated rankings
| # | Month | Scam | Amount | Description |
|---|---|---|---|---|
| 1 | May | Libra Scam | $4.5B | Massive investment fraud targeting users with fake Libra token promises |
| 2 | Feb | Bybit Hack | $1.4B | Major exchange hack via compromised credentials |
| 3 | Jun | Spanish Crypto Fraud Ring | $500M | International fraud network with fake platforms; 5,000+ victims |
| 4 | Jan | Cryptomoonshot Rug Pull | $100M | Influencer-hyped meme token rug pulled at high market cap |
| 5 | Mar | Pig Butchering Scam | $50M | Social engineering fraud via romance/trust before fake investments |
| 6 | Jul | CoinDCX Hack | $44.2M | India’s largest exchange breached via insider server exploit |
| 7 | Apr | Zipmex Pro Exchange | $3.8M | Unauthorized withdrawals from centralized exchange |
Total Losses: Over $6.597 billion
Key Trends: Investment frauds and rug pulls show the impact of hype and social engineering, while hacks exploit technical flaws.
Key Trends: Investment frauds and rug pulls show the impact of hype and social engineering, while hacks exploit technical flaws.
We encourage users to report scams via FTC or local authorities.