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Financial Crime

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Ghanaian Nationals Extradited in $100M Romance Scam and Business Email Compromise Case

On 8 August 2025, U.S. federal authorities announced the extradition of three Ghanaian nationals accused of leading an international fraud network that stole over...

New Mobile Money Scam in Burkina Faso: Central Cybercrime Unit Raises Alarm

The Central Brigade for the Fight Against Cybercrime (BCLCC) in Burkina Faso has issued a high-alert fraud advisory after detecting a growing scam targeting...

GMX Suffers Massive $42M DeFi Hack: A Critical Wake‑Up Call for Decentralized Exchanges

On 9 July 2025, the decentralized perpetual exchange GMX-operating on Arbitrum V1-was robbed of approximately $42 million in crypto assets from its GLP liquidity pool,...

Fake News for Real Scams: Inside the Global Threat of Baiting News Sites and Crypto Investment Fraud

In July 2025, Bahrain-based cybersecurity firm CTM360 released a bombshell report exposing the alarming global rise of Baiting News Sites (BNS) fraudulent news platforms...

How a $2.7K Bribe Enabled a $140 Million PIX Theft from Brazilian Banks

In a dramatic cyber heist on 30 June 2025, hackers paid just R$15,000 (~$2,760) for insider credentials at C&M Software then orchestrated Brazil's largest digital banking...

Nigerian Hacker Dupes U.S. President Trump’s 2025 Inauguration Fund in Brazen Cyber Heist

LAGOS, Nigeria - 10 June 2025 In a stunning breach of political and digital security, a Nigerian national has been implicated in a highly...

Cybercriminals Weaponized Open-Source Tools in Sustained Campaign Against Africa’s Financial Sector

Since mid-2023, a cybercriminal cluster dubbed CL‑CRI‑1014 has been targeting financial institutions across Africa using open-source tools like PoshC2 and Classroom Spy exploiting them...

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