Criminals in Australia are impersonating law enforcement officers and using forged cybercrime reports to scam people into believing their personal data has been compromised. 

Then, hackers pressure victims into transferring their crypto to scam-controlled wallets, draining their funds.

Scammers Exploit Fake Police Reports

Australian authorities have issued a warning after uncovering a scam in which cybercriminals impersonate federal police to steal cryptocurrency.

The AFP-led cybercrime coordination center has detected a series of schemes in which scammers obtain personal information and use it to lodge fake cybercrime reports through the government’s ReportCyber portal.

Scammers then reportedly call victims and claim their data appeared in a cryptocurrency-related breach. The scammers share a real-looking reference number and direct victims to check it online. The report appears in the system, which makes the call seem legitimate.

A second caller, pretending to be from the victim’s crypto platform, urges them to move their assets into a supposed cold storage wallet.

Officials emphasized that genuine law enforcement officers will never request access to cryptocurrency accounts, seed phrases, or banking details.

This case highlights a growing problem, as scammers are increasingly using social engineering and spoofed phone numbers to deceive victims.

Social Engineering Threats Continue Growing

The Australian scam emerges amid a clear global escalation in social engineering attacks targeting cryptocurrency holders.

🚨Crypto crime is rising fast, bad actors now spend 14x higher fees to stay hidden

Report By @chainalysis

Crypto Theft in 2025 (So Far)
-> $2.17 Billion Stolen by Mid-July 2025
– > Already more than all of 2024

Major Hack: Bybit (North Korea-backed)
–> $1.5 billion stolen… pic.twitter.com/QxFwoxEhYa

— Kashif Raza (@simplykashif) July 18, 2025

In August 2025, a victim lost $91 million worth of Bitcoin after scammers impersonated support staff from Coinbase and major crypto services, marking one of the largest single thefts of its kind. 

Earlier, in the United Kingdom, a fraudster posing as a senior police officer deceived another victim. The user lost $2.8 million in Bitcoin through a fake cold-storage website. 

In May, a global phishing network impersonating Coinbase stole over $20 million by directing users to spoofed support sites. 

Collectively, these cases demonstrate the increasing scale and sophistication of social engineering attacks in the cryptocurrency sector.

The post A New Trend In Crypto Scam – Posing As Police To Steal Millions appeared first on BeInCrypto.

Analysts warn that several subtle market signals suggest Bitcoin may be approaching the start of a bear market in November. 

Selling pressure from long-term holders, weakening correlation behavior with tech stocks, and Bitcoin’s failure to hold key technical levels are all indicating a fading of bullish momentum. These trends indicate growing downside risk even amid supportive macro conditions.

Early Warning Signs

Market analysts are increasingly concerned that Bitcoin’s broader uptrend may be weakening. One of the clearest warning signs is coming from long-term holders.

Since mid-year, veteran investors and early whales have been steadily selling their positions, a trend that has accelerated in the past year.

Long-term $BTC holders are accelerating their distribution, with supply declining fast and net position change falling sharply into negative territory.
LTHs are booking profits as bulls defend $100k. https://t.co/yatqA1O7nd pic.twitter.com/rZ8XMSRZXR

— glassnode (@glassnode) November 13, 2025

This shift has triggered a danger signal on the Coin Days Destroyed (CDD) indicator. The metric shows when older, inactive coins suddenly move or get sold.

This month, negative CDD readings have coincided with ETF outflows, resulting in a combination of weak demand and rising supply.

“Long-term holders might be distributing into weakness, not strength—a potential bearish signal,” community analyst Maartunn said in a social media post.

While selling pressure from long-term holders is significant, a broader concern arises when examining Bitcoin’s behavior in relation to traditional financial markets.

A Weak Response to Bullish Catalysts

Wintermute data shows that Bitcoin still moves closely with the Nasdaq-100, maintaining a correlation near 0.8.

Yet this relationship is becoming asymmetric. When the Nasdaq drops, Bitcoin tends to fall more sharply. When the Nasdaq rallies, Bitcoin reacts only mildly.

This imbalance reflects behavior observed in earlier bearish periods, such as the 2022 crypto winter. It suggests that investors treat Bitcoin as a high-risk asset during downturns but are hesitant to reward it when conditions improve.

“Historically, this kind of negative asymmetry doesn’t appear near tops but rather shows up near bottoms. When BTC falls harder on bad equity days than it rises on good ones, it usually signals exhaustion, not strength,” Wintermute’s Jasper de Maere said in a blog post.

Adding to this caution is Bitcoin’s recent failure to rebound from its 50-week moving average. This is the first time since the previous cycle bottom that BTC has not bounced from that long-term support. 

For the first time since the bottom of the bear market, Bitcoin has not bounced off the 50w MA.

Prior to this month, Bitcoin has bounced of the 50w MA three times.

Each time, it was followed by a large move to the upside. This time, it seems to be changing the trend. https://t.co/vR4qJsXPOq pic.twitter.com/2nTuBkCTdT

— ₿rett (@brett_eth) November 12, 2025

In earlier stages of the cycle, Bitcoin recovered from this level three times, each recovery triggering a strong rally. The latest failure to reclaim the 50-week MA suggests that a potential trend reversal may be forming.

Although not conclusive on their own, these signals become more notable because Bitcoin is declining despite government stimulus and despite Federal Reserve rate cuts. Normally, both developments act as strong bullish catalysts. 

The post The Silent Signals Hinting Bitcoin’s Next Bear Market May Start in November appeared first on BeInCrypto.

The Czech National Bank (CNB) has entered the digital asset market for the first time on Thursday, allocating $1 million to build a blockchain-based pilot portfolio. This acquisition was conducted separately from the bank’s official international reserves.

The CNB emphasized that it has no intention of adding Bitcoin or other digital assets to its official international reserves. Instead, it made this move to prepare for a future in which digital currencies are more widely used.

Czechia Launches Pilot Crypto Portfolio

Along with its Bitcoin exposure, the CNB’s pilot portfolio will also hold a USD-denominated stablecoin and a tokenized deposit recorded on the blockchain. 

The bank noted that the size of this portfolio will remain fixed. Its goal is to gain hands-on experience managing digital assets.

The CNB will examine how to manage private keys and set up multi-level approvals. It will also conduct crisis simulations, review security procedures, and verify compliance with AML regulations.

The Czech National Bank has purchased digital assets for the first time in its history. 🌐

Through this USD 1 million investment, the CNB has created a test portfolio of digital assets based on blockchain. 🔗 In addition to bitcoin, the portfolio will include a test investment… pic.twitter.com/H6qj9HJHRw

— Česká národní banka (@CNB_cz) November 13, 2025

The board approved the purchase last month after reviewing an analysis exploring potential investments outside traditional asset classes. That report concluded that digital assets are developing rapidly and are likely to see broader adoption over time. 

“The aim was to test decentralised bitcoin from the central bank’s perspective and to evaluate its potential role in diversifying our reserves,” said CNB Governor Aleš Michl in a press release.

Although the move may seem small in scale, it carries wider significance.

CNB Pushes Forward Despite ECB Pushback

Central banks rarely buy digital assets directly, and the CNB’s decision signals a shift toward hands-on understanding rather than theoretical observation. The pilot does not signal a change in reserve strategy, but it does show that the bank wants to build internal expertise before digital assets become mainstream in payments.

The CNB’s decision comes shortly after Luxembourg’s sovereign wealth fund disclosed that it had allocated one percent of its portfolio to Bitcoin-based securities. That move made Luxembourg the first European country to take such a step. 

The CNB’s announcement now shows that Luxembourg wasn’t the only member state exploring direct exposure to digital assets.

JUST IN: 🚨🇪🇺 ECB President Christine Lagarde says #Bitcoin will NOT enter the reserves of any of the Central Banks of the General Council. pic.twitter.com/5yb55mDgHI

— Subjective Views (@subjectiveviews) January 30, 2025

Czechia’s decision came as something of a surprise. In January, the CNB announced that it was considering adding Bitcoin as a reserve asset. Just one day later, European Central Bank President Christine Lagarde dismissed the idea, stating firmly that Bitcoin had no place in the European central banking system.

The CNB’s announcement today marks a subtle pushback against the ECB’s stance on crypto.

The board has found a way to pursue its interest in Bitcoin without straining its relationship with Lagarde. By keeping the asset outside its official reserves, it can experiment without challenging ECB policy.

The post Czechia Buys $1 Million In Bitcoin –– But It’s Not Building a Reserve appeared first on BeInCrypto.