When it comes to crypto scams, forget about romance, the dark web, or even fraudulent trading platforms. According to a new report, YouTube is the go-to tool for those looking to orchestrate digital c...
Tag: Scams
FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games – Security Bitcoin News
The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part of a scheme to defraud users of funds stored in the form of cryptocurrency. Criminals ar...
Crypto Romance Scams Were Prominent This Valentine’s Day
Valentine’s Day this year was wrought with chocolates, roses, and a few dozen romance scams. The Federal Bureau of Investigation (FBI) says several of these scams popped up during or prior to the nati...
Crypto Scams Are Not Going Anywhere: How To Stay Safe?
Cryptocurrencies are regularly targeted by scammers and hackers due to their rising popularity. For instance, $3.5 billion in cryptocurrency was stolen in 2022 alone. That number could be way higher b...
Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022 – Regulation Bitcoin News
According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just ov...
Hong Kong Suffers Surge in Crypto Scams in 2022
A large increase in the number of financial losses brought on by bitcoin scams has been seen in Hong Kong in the year 2022. According to reports from the local police, victims of cryptocurrency scams ...
Hong Kong’s losses to crypto scams doubled to $217M last year: Report
Some countries around the world suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022. Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong ...
Prosecutors Accuse 50 Unlicensed Bitcoin ATM Kiosks For Aiding Crypto Scams
Many crypto enthusiasts believe the growing trend of Bitcoin ATMs will drive more adoption, given the ease of access. But Bloomberg reported last year that the crypto winter affected Bitcoin ATMs. Whi...
Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service
A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams. S&P S...
FBI Report Shows Colorado Residents Getting Duped By Crypto Scams
Residents of Colorado have become major targets for crypto criminals according to a new report issued by the Federal Bureau of Investigation (FBI). The FBI Says Many People in Colorado Have Been Targe...
Tracking a Novel Scheme to Launder Tether on Tron Blockchain
Around $775,000 of stablecoin USDT was allegedly stolen in a phishing scheme on the Tron network, according to an investigation by risk assessment firm Global Ledger. Global Ledger claims the funds we...
Musk Twitter scams pivot to paid ads that shill Mars trips and brain chips
Twitter scammers impersonating Elon Musk are reportedly pivoting from free accounts to paid ads as they attempt to lure victims with promises of free crypto, trips to Mars, and Neuralink brain chips. ...
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange – Bitcoin News
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debto...
Kraken and Custodia Bank CEOs say regulators ignored their warnings about scams and fraud
Ad In a Twitter thread, Custodia Bank founder and CEO Caitlin Long said that she provided evidence to law enforcement about a crypto crime months before the company collapsed and left millions of cust...
New Report Exposes Dark Side of Crypto Industry: Countless Pump-and-Dump Scams
Alex Dovbnya According to new report by Chainalysis, crypto research firm, approximately quarter of new cryptocurrency tokens launched last year were part of pump-and-dump scams, generating over $30 m...
Rising Crypto-based ‘Pig Butchering’ Scams Worry FBI, Interpol ⋆ ZyCrypto
Advertisement     A recent international investigative report has linked over £100 million swindled in crypto-based romance scams — oddly known as pig butchering — to ...
Bored Ape Yacht Club Wants Fairness in Dookey Dash, Identifies Scams
Bored Ape Yacht Club recently addressed the Dookey Dash scam. The team asked for maximum fairness in the game. BAYC team also stated that they identified cheating Sewer Passes. Bored Ape Yacht Club re...
Call Centers Conducting Crypto Scams Shut Down in Europe
Several call centers throughout Europe that were being used to conduct crypto fraud and other illicit scams have been shut down by law enforcement agencies. Raids began in June of last year and have c...
Pig Butchering Crypto Scams Exploit UK’s Companies House: Report
According to an investigation by The Bureau of Investigative Journalism and the Observer, more than 168 shell companies in the United Kingdom are suspected of operating fraudulent crypto or foreign ex...
Bankrupt crypto exchange FTX has acknowledged a recent spate of third party scams
FTX, a defunct cryptocurrency exchange, has admitted that its clients have recently been targeted by a series of scams and frauds perpetrated by third parties. These schemes were designed to take adva...
Australia bolsters crypto watchdogs in ‘multi-stage’ plan to fight scams
The Australian government is bolstering its market regulator’s digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto ...
Australia cracks down on crypto scams, boosts regulatory team
The Australian government is strengthening its market regulator’s digital asset team as part of a three-stage plan to regulate crypto and ensure proper risk disclosure from crypto companies. According...
Crypto Exchange Coinbase Adds New Wallet Security Feature To Protect Against Phishing and Scams
US-based cryptocurrency platform Coinbase is enhancing the safety of Coinbase Wallet as threats to users increase. The crypto exchange says it has added features to its wallet to help protect its user...
Amidst Crypto Scams KuCoin Publishes Anti-Fraud Verification Guide
KuCoin published an anti-fraud verification guide to help users list on the exchange. The article addresses how to list tokens on the platform followed by the verification process. KuCoin uses a verif...
UK home to hundreds of companies running crypto, forex scams
The Bureau of Investigative Journalism (TBIJ) has identified 168 companies accused of running crypto or fraudulent foreign exchange trading scams in the U.K. Victims of the scams are often approached ...
3 Scams That Can Part You From Your Money
That sad-sounding email may not be on the level. getty Financial trickery is an ongoing problem, and it’s amazing how successful it often is. Rick Kahler, president of Kahler Financial Group in Rapid ...
Crypto scams are experiencing a dramatic decline
The fight against crypto scams in 2022 was so strong that the number of dollars extorted from victims decreased. 456.8 million is the amount extorted by ransomware in 2022, down from $756.6 million i...
BitConnect’s Victims to Receive $17M in Restitution Seized From Scam’s Promoter
Arcaro is not the only BitConnect bigwig to face consequences for his role in the scheme: BitConnect’s founder, Satish Kumbhani, has been indicted on a host of felony charges, including conspiracy to ...