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SEC sues ‘fake’ crypto exchanges in first action on pig butchering scams
19.9.2024
The SEC has taken action against romance scammers for the first time, charging two allegedly fake crypto exchanges with carrying out fraud
Crypto scammers orchestrate massive hack on X but barely made $8K
19.9.2024
The scammers breached countless X accounts to shill the memecoin, but they didn’t even make enough to buy a Toyota Corolla
Inside the Pig Butchering Scam: Real Stories from Victims
18.9.2024
The latest Cointelegraph video discusses one of the most dangerous crypto scams, 'Pig Butchering,' where victims are lured into fake investment schemes
SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams
17.9.2024
The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust...
U.S. Treasury Sanctions Cambodian Tycoon With Ties to Pig Butchering Scams
17.9.2024
One of Cambodia’s wealthiest businessmen has been hit with U.S. sanctions for allegedly playing a role in serious human rights abuses – including human trafficking and torture – tied to a pig butchering scam operation headquartered in the Southeast Asian country
CFTC Teams up With SEC to Fight Cryptocurrency Scams
14.9.2024
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers...
US lawmakers unite against AI abuse, support NO FAKES Act
13.9.2024
A legal professional warns that the bill could lead to private censorship, posing risks to free speech and creators' rights
US Treasury Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links
13.9.2024
The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam centers, and trafficked workers were forced into labor...
Trump to launch World Liberty Financial crypto platform on Monday
13.9.2024
Donald Trump said in a video posted to X that his World Liberty Financial crypto project would launch Sept. 16
China’s ‘point running’ crypto scams, pig butchers kidnap kids: Asia Express
13.9.2024
Chinese crypto noobs are being tricked into laundering funds for ‘rewards’ — and pig butchering scammers are kidnapping kids: Asia Express
Scambaiter Kitboga reveals tips for outsmarting scammers
12.9.2024
Scambaiter Kitboga reveals how to outsmart fraudsters in an exclusive Cointelegraph interview
UK Bill Recognizes Digital Assets as Personal Property Under New Law
12.9.2024
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better...
CFTC partners up to warn on crypto pig butchering scams
12.9.2024
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam
AI deepfake attacks will extend beyond videos and audio: Security firms
10.9.2024
AI-powered deepfake scams are rising, targeting crypto wallets. Experts warn of evolving threats, urging users to protect their digital assets in 2024
FBI Reports 45% Rise in Crypto Fraud, $5.6 Billion Lost, 71% From Investment Scams
10.9.2024
The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% of these losses, highlighting the growing exploitation of digital...
FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023
9.9.2024
The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found
FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023
9.9.2024
The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found
Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says
9.9.2024
Investors lost a record $5.6 billion to crypto-related financial crime in 2023, up 45% from 2022, according to a new report from the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center
Westlake Police Issue Alert on Blackmail Scams Involving Bitcoin
8.9.2024
Westlake Police are cautioning residents about a rise in blackmail scam emails. Scammers claim they have been monitoring recipients’ online activities and demand payment, typically in bitcoin or gift cards, to prevent exposing personal internet habits. These emails may appear highly...
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
6.9.2024
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older...