The allure of crypto promised financial freedom, but a new breed of scammers is exploiting this promise. Using artificial intelligence (AI), these criminals are creating increasingly sophisticated scams […]
Crypto Scam Rise Fueled by Deepfakes, Driving $4.6 Billion in Losses
A new report reveals alarming statistics: global crypto scam losses surged by 24% year-over-year to reach a staggering $4.6 billion. This increase is attributed to the use of […]
Bitget, SlowMist, and Elliptic Issue Report Highlighting Crypto Scams Using AI and Deepfakes
A new report from Bitget, SlowMist, and Elliptic highlights the growing threat of sophisticated crypto scams leveraging deepfakes and artificial intelligence. The collaborative effort reveals an escalation of […]
Bitget Anti-Scam Report Highlights Evolving Crypto Scams
The crypto landscape is dynamic, and scammers are constantly adapting their tactics to exploit new vulnerabilities. In a recent research report released by Bitget, the leading cryptocurrency exchange, […]
Five Convicted in $36.9 Million Cryptocurrency Scam Targeting U.S. Victims
Five individuals have been convicted for their role in a cryptocurrency fraud scheme targeting US victims, resulting in an estimated loss of $36.9 million. The defendants, Joseph Wong, […]
FBI Warns Public: Avoid Scams Targeting Personal Data
The FBI has issued a warning to iPhone and Android users about scams impersonating officials, focusing specifically on El Paso and other regions. These scams have become more […]
Hut 8 Warns Against Impersonation Scams: Stay Vigilant
Nasdaq-listed Bitcoin mining company, Hut 8, has issued a cautionary warning against fraudulent activities targeting its community members in Brazil, South Korea, and Hong Kong. The company emphasizes […]
Cardi B’s WAP Memecoin Tweet Sparks Price Crash, Raises Concerns About Scams
American rapper Cardi B found herself at the center of a crypto controversy after promoting a meme coin known as WAP on her X account. The move sent […]
Australia Tightens Crypto ATM Rules to Curb Scams Targeting Older Adults
To combat rising cryptocurrency scam incidents, particularly targeting elderly Australians, the Australian financial intelligence agency, AUSTRAC, has implemented stricter rules for operators of crypto ATMs. These new regulations […]
Police Shut Down Cryptocurrency Scam Operation in Wuhan
Authorities in Wuhan’s Dongxihu district have successfully dismantled a fraudulent cryptocurrency scheme targeting individuals online. Over 32 suspects were arrested, with 20 individuals placed under criminal detention as […]
Australia Tightens Regulations on Crypto ATMs Amid Rise in Scams
Australia has implemented new rules for cryptocurrency ATM operators as scams targeting these kiosks rise. The Australian Transaction Reports and Analysis Centre (AUSTRAC) introduced operational limits, requiring cash […]
Australia Tightens Rules for Crypto ATMs Amidst Rise in Scams
Australia’s national financial intelligence agency, AUSTRAC, has implemented stricter regulations for crypto ATM operators. The new rules introduce transaction limits and enhanced customer due diligence measures, aiming to […]
Shiba Inu Community Cautioned Against Impersonator Scammers
The Shiba Inu community has been issued a warning from the Susbarium Trustwatch account, a Shiba Inu-focused X account dedicated to identifying and protecting against scams. The account […]
Americans Lose $114 Million to Bitcoin ATM Scams: Rise in Unregulated ATMs Fuels Fraud
A recent Federal Trade Commission report reveals the alarming rise of Bitcoin ATM scams affecting American consumers. Over the past three years, victims have lost an astonishing $114 […]
Funnull Sanctions: $200M Crypto Scam Ties Revealed
The U.S. Treasury has sanctioned Funnull Technology Inc., a company accused of facilitating large-scale cryptocurrency scams. The sanctions, linked to Huione Pay’s involvement in money laundering, expose how […]