News with the tag "Romance Scam"

AI-powered romance scams leverage chatbots and deepfakes to deceive crypto users, posing new challenges in fraud prevention.

The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently arrested 792 suspects implicated in crypto romanc...

Hong Kong police have dismantled a notorious fraud syndicate responsible for defrauding victims of HK$360 million using romance scams tied to fake cryptocurrency platforms. Arresting 27 individuals, some linked to triads, they revealed the sophisticated use of deepfake technology and digital media e...

Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region.

Coinbase is warning of a concerning trend: Gen Z is becoming more susceptible to online fraudsters. The cryptocurrency exchange published a blog post on October 8 that identified four significant threats that youthful users should be cognizant of. These consist of recovery schemes, phony websites, r...

The lifespan of scams is getting shorter as cybercriminals change tactics and target individuals on social media.

United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.

Chainalysis’ Operation Spincaster found over 2,000 Australian-owned crypto wallets were hit by “approval phishing” scams.

Canadian authorities warn against discussing cryptocurrency investments with online matches, advising that such conversations should be considered a red flag.

Students and job seekers should be wary of a specific type of crypto scam falsely promising work-from-home opportunities, warns the Commodity Futures Trading Commission (CFTC). “Money mule” scams involve criminals tricking people into sending and receiving money into their bank accounts, digital wal...