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Scam of the Month Award: Exposing the Worst Scammers!

Shining a light on crypto crooks with humor and education.

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 via an insider server breach, laundered through Tornado Cash. Stay safe by enforcing strict access controls, using multi-sig wallets, and monitoring transactions closely.
See the full breakdown in our latest video here and our article on X here, highlighting how political influence turned into a financial disaster.

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Rank	Month	Scam Name	Stolen Amount	Brief Description
1	May	Libra Scam	$4.5 billion	A massive investment fraud scheme that targeted users with fake Libra token promises, leading to enormous losses before being exposed.
2	February	Bybit Hack	$1.4 billion	A major exchange hack where attackers drained funds using compromised credentials, marking one of the largest heists in crypto history.
3	June	Spanish Crypto Investment Fraud Ring	$500 million	International fraud network running fake platforms; dismantled by authorities after defrauding 5,000+ victims and laundering proceeds.
4	January	Cryptomoonshot Rug Pull	$100 million	Influencer-hyped meme token that was rug pulled after reaching high market cap; insiders profited from trading fees and dumps while investors lost big (estimates based on similar cases like TRUMP memecoin).
5	March	Pig Butchering Scam	$50 million	Social engineering fraud where scammers built trust via romance or advice before directing victims to fake crypto investments.
6	July	CoinDCX Hack	$44.2 million	India's largest crypto exchange breached via insider server exploit, stealing SOL and ETH funds laundered through Tornado Cash.
7	April	Zipmex Pro Exchange	$3.8 million	Exchange compromise resulting in unauthorized withdrawals; highlighted risks in centralized platforms.

Total Losses: Over $6.597 billion across these incidents.
Key Trends: Investment frauds and rug pulls (e.g., Libra, Cryptomoonshot) show the impact of hype and social engineering, while hacks (e.g., Bybit, CoinDCX) exploit technical flaws. The first seven months of 2025 saw a surge in high-value scams, per industry reports.

We encourage users to report scams via FTC or local authorities.