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FTC issues urgent warning over rising crypto romance scams
11.6.2024
The FTC asked users to report scammers to the government and warn their loved ones about the scam
FTC Warns of Crypto Scams From Online Love Interests
11.6.2024
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more...
Romance and crypto scams surge on Canadian dating apps
29.5.2024
Canadian authorities warn against discussing cryptocurrency investments with online matches, advising that such conversations should be considered a red flag
Crypto Bros Are Falling For Romance Scams At A Record Rate: Chainalysis
29.2.2024
Romance scams were a brutal driver of illicit crypto activity last year, according to blockchain investigators at Chainalysis. The blockchain intelligence platform’s 2024 Crypto Crime Report states that so-called “pig butchering scams” nearly doubled their revenue in 2023 compared to 2022, and have...
Korean Crypto Exchanges Block Romance Scammers’ Access to Digital Assets Worth Over $82 Million
31.1.2024
South Korean cryptocurrency exchanges have successfully stopped romance scams and voice phishing criminals from siphoning digital assets worth over $82.6 million in the past year. The exchanges attribute their success in blocking criminals to abnormal transaction detection systems, which assist...
South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023
29.1.2024
South Korean crypto exchanges say they blocked over $82 million worth of transactions linked to romance scams last year. Per Seoul Shinmun, the crypto exchange Coinone claimed catfishing and other romantic scams that make use of crypto were now “rampant” in South Korea. Coinone said that it...
IRS Says US Taxpayers Are the Most Targeted for Pig Butchering Crypto Scams
16.11.2023
The Internal Revenue Service (IRS) has issued a warning about pig butchering cryptocurrency scams. IRS Criminal Investigation special agents stressed that these schemes are popping up across the globe, emphasizing: “U.S. taxpayers are currently the most targeted population for pig butchering...
Lloyds Bank: UK Sees 23% Increase in Cryptocurrency Scam Reports
14.11.2023
Source: AdobeStock / JeromeMaurice Lloyds Bank, a big four bank in the United Kingdom, reports that crypto scams have risen 23% compared to the same period last year. The firm warned that fraudsters are targeting young people over social media, with victims losing an average of £10,741 ($13,183.72)...
Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022
9.3.2023
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 over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half...
California regulator warns of 17 crypto websites suspected of fraud
29.12.2022
The last time the DFPI sent out such a large batch of crypto scam alerts was in June when it sounded the alarm over 26 dubious crypto platforms
California regulator warns of 17 crypto websites suspected of fraud
29.12.2022
The last time the DFPI sent out such a large batch of crypto scam alerts was in June when it sounded the alarm over 26 dubious crypto platforms
'Pig slaughtering' crypto scams reap millions on Silicon Valley dating apps
3.6.2022
“I never thought it could happen to me because I use tech. I’ve written software,” a victim of the pig slaughtering scam noted
FTC Warns of Romance Scams Luring People Into Bogus Cryptocurrency Investments
13.2.2022
The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than...
FBI warns against rising crypto romance scams during Valentine's week
12.2.2022
In 2021 alone, victims within the FBI San Francisco division’s territory lost more than $64 million to romance scams, compared to just over $35 million in 2020