News with the tag "crypto scams"

Americans reported a record $9.3 billion in losses to cryptocurrency-related crimes in 2024, according to a report by the Federal Bureau of Investigation's (FBI) Internet Crime Complaint Center (IC3). The losses represent a 66% jump from 2023 and highlight the growing use of digital assets in online...

The world of cryptocurrency offers exciting opportunities, but unfortunately, it also attracts malicious actors looking to exploit unsuspecting individuals. A recent development out of South Korea serves as a stark reminder of this danger, particularly for vulnerable populations. Authorities have ma...

What is California’s crypto scam tracker tool? On Feb. 16, 2023, the Department of Financial Protection and Innovation (DFPI) in California launched the crypto scam tracker tool to help residents spot and avoid crypto scams. The tracker details crypto scams identified through a review of complaints ...

The California Department of Financial Protection and Innovation (DFPI) says it has shut down 26 cryptocurrency scam websites and identified $4.6 million in consumer losses, officials announced Monday. In a new announcement, the DFPI says the crackdown is part of a broader initiative to combat incre...

Changpeng “CZ” Zhao, co-founder of Binance, has urged Elon Musk to take decisive action against automated bots on X, which have long plagued the platform with crypto scams, phishing links, and manipulative schemes. “If someone uses Grok, ChatGPT, or DeepSeek to generate a tweet and copy and paste it...

Are you navigating the exciting yet volatile world of cryptocurrency investments? The allure of digital gold and quick riches is undeniable, but amidst the innovation and opportunity, a darker side lurks – the ever-present threat of crypto scams . Singapore, a global financial hub known for its prog...

Cryptocurrency investors in South Korea, are you listening? A new wave of sophisticated scams is targeting your personal information and hard-earned digital assets. The Financial Supervisory Service (FSS), South Korea’s top financial watchdog, has issued a critical “caution” alert, exposing a decept...

Reports find that a new crypto malware has targeted hundreds of web3 job seekers through a malicious “GrassCall” meeting app. Per Bleeping Computer , Russian team of hackers known as “Crazy Evil,” carried out a social engineering campaign that lured job seekers with fake interviews. The attackers us...

In a stark reminder of the ever-present dangers in the crypto world, Binance co-founder Changpeng Zhao (CZ) has issued an urgent warning. A long-time supporter of BNB, a prominent figure in the Binance ecosystem, has apparently fallen victim to a social media account hack. This breach led to the com...

A disturbing trend emerges in the demographic profile of pig butchering scam victims. While older adults have historically been the main targets of financial fraud, these scams now focus on younger, tech-literate individuals. The latest data reveals that those aged 30 to 49 represent the majority of...