Cryptocurrency Archives - The Independent Scope

Social Media Red Flags: How to Avoid Crypto Scams in Your DMs

Stefan PayneJuly 30, 2025

It often starts with a friendly message. A compliment, a shared interest, or an invitation to talk crypto. The tone is casual, the profile looks real, and the conversation feels organic. But behind the screen, something else is at play — a scammer grooming their next target. Social media has become a hunting ground for...

How Legal247recovery Helps Victims of Love-Related Crypto Fraud

Stefan PayneJune 4, 2025

They didn’t just steal money — they stole trust, time, and peace of mind. That’s what makes love-related crypto scams so devastating. Victims often don’t even realize they’re being defrauded until long after the emotional bond is built. And when they do, they’re often too ashamed or unsure to seek help. This isn’t about being...

How to Recognize When You’re Being Groomed for a Money Mule Role

Stefan PayneMay 11, 2025

It usually starts with trust. A message from someone who seems helpful, romantic, or just incredibly understanding. They praise your character, offer you opportunities, or talk about needing your help “just this once.” Maybe they’re an online admirer, a recruiter, or even someone posing as law enforcement or a company rep. What they’re doing, slowly...

Cryptocurrency

Recovering Funds from a Twitter Giveaway Scam: Step-by-Step Guide

Stefan PayneApril 17, 2025

It usually starts with a tweet that seems harmless — maybe even exciting. A big-name crypto project announces a giveaway or airdrop, and all you have to do is connect your wallet or sign up through a link. It feels like free money. But within minutes or hours, your funds vanish. The token swap was...

Legal247recovery’s Strategy for Recovering Bitcoin Lost in Dating Scams

Stefan PayneMarch 20, 2025

They thought she’d never trace the money. After all, who tracks a string of emojis, affectionate promises, and long video calls to a cold, numbered wallet? That’s the illusion romance scammers rely on: emotional fog to distract from financial footprints. But blockchain doesn’t lie. And when someone like Ava, a retired nurse from Chicago, saw...

What Are Money Mules, and How Are They Used in Crypto Laundering?

Stefan PayneMarch 8, 2025

Money mules are individuals who unknowingly or knowingly help move stolen or illicit funds from one place to another. In the world of crypto laundering, they play a key role in hiding the origins of illegal money. Typically, scammers recruit money mules to receive and transfer cryptocurrency, making it harder for investigators to trace the...

SEC Delays Decision on Ethereum ETF for Second Time

Jurgen KaiserFebruary 1, 2025

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the much-anticipated Ethereum exchange-traded fund (ETF) for a second time, extending regulatory uncertainty for investors and market participants eager to see the world’s second-largest cryptocurrency gain broader acceptance in traditional financial markets. The SEC’s delay, announced on Friday, pushes the deadline for the...

How to Secure Your Crypto Wallet Against Social Engineering Attacks

Stefan PayneJanuary 30, 2025

They don’t need your password to steal your crypto. Just your trust. Social engineering attacks work by exploiting human behavior — not breaking technology. These scams can be sophisticated, but most start the same way: someone pretends to be who they’re not. Maybe it’s a fake customer service rep, a friendly “crypto expert,” or even...

FTX Creditors to Receive Up to 80% Recovery, Says New Trustee Report

Jurgen KaiserJanuary 25, 2025

A significant development has emerged in the long-running saga of the FTX bankruptcy, offering a ray of hope to creditors awaiting compensation after the dramatic collapse of one of the world’s largest cryptocurrency exchanges. According to a new report published by the court-appointed trustee overseeing the liquidation, creditors could recover up to 80% of their...

Ethereum Gas Fees Drop to 3-Month Low Following Dencun Upgrade

Jurgen KaiserJanuary 18, 2025

Ethereum users worldwide are breathing a sigh of relief as gas fees on the network have dropped to their lowest levels in three months following the much-anticipated Dencun upgrade. This significant improvement in transaction efficiency marks a pivotal moment for the blockchain ecosystem, addressing longstanding concerns about high costs and scalability. What is the Dencun...