SOHO19 Crypto District

Crypto Theft: How Scams, Hacks, and Rogue Exchanges Steal Your Coins

When you hear crypto theft, the illegal taking of digital assets through fraud, hacking, or deception. Also known as crypto fraud, it’s not just a risk—it’s a daily reality for thousands of users. It doesn’t always look like a hacker breaking into a server. Sometimes, it’s a fake airdrop page that steals your private key. Other times, it’s an unregulated exchange like CRXzone or FEX that vanishes with your deposits. Or maybe it’s a token like DECENTRA PROTOCOL (DCN) that promises 100x returns but is really a pyramid scheme draining your wallet.

Crypto scams, deceptive schemes designed to trick users into giving up their funds or access. Also known as crypto fraud, it comes in many forms. The BSW airdrop? Doesn’t exist. EPICHERO airdrop? No free tokens—just a trap for unsuspecting NFT holders. Fire Lotto (FLOT) and ArbitrageCT (ARCT)? Dead projects with no refunds. These aren’t rare cases. They’re the norm. And they thrive because people don’t know how to spot them. A real airdrop doesn’t ask for your seed phrase. A legitimate exchange doesn’t hide its team or licensing. And a token with zero trading volume and no updates? That’s not innovation—it’s a ghost.

Exchange security, the measures platforms take to protect user funds from theft, insider threats, and system failures. Also known as custodial safety, it is the first line of defense. Look at Bitwyre Indonesia or Paritex—they’re regional platforms with clear risks. One lacks fiat support, the other has sky-high withdrawal fees. But worse than that? Platforms like CRXzone and FEX that don’t even disclose their security practices. No audits. No insurance. No transparency. That’s not a crypto exchange—it’s a gamble. Meanwhile, regulated platforms like Global Blockchain Exchange or Kraken prioritize security because they have to. They know that one breach can destroy trust forever.

And then there’s DeFi exploits, attacks on decentralized protocols through smart contract vulnerabilities or manipulated liquidity pools. Also known as smart contract hacks, it doesn’t need a password to succeed. It just needs a flaw. Tornado Cash got sanctioned not because it stole money—but because it made tracing theft too easy for criminals. That’s the double-edged sword of privacy tools. And projects like Wagmi on zkSync Era? They look like exchanges but have zero trading volume. That’s not a bug—it’s a warning sign. If no one’s using it, who’s guarding the code?

What you’ll find below isn’t just a list of articles. It’s a map of where crypto theft happens—and how to avoid it. From South Korea’s tax rules that force traders to track every trade (and expose them to fraud), to El Salvador’s failed Chivo wallet that lost public trust, to the US sanctions on mixers that changed privacy forever—these stories aren’t isolated. They’re clues. Each post reveals how theft works, who’s behind it, and how to protect yourself. No fluff. No hype. Just real cases, real mistakes, and real ways to stay safe.

OFAC Sanctions on North Korean Crypto Networks: How the U.S. Is Targeting $2.1 Billion in Stolen Crypto
  • 9 Dec 2025
  • Elara Crowthorne
  • 25

OFAC Sanctions on North Korean Crypto Networks: How the U.S. Is Targeting $2.1 Billion in Stolen Crypto

OFAC has targeted North Korean crypto networks responsible for stealing over $2.1 billion in 2025, using fake IT workers and global laundering rings to fund weapons programs. Here's how the U.S. is fighting back.

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