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Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok
20.9.2022
The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrolling through Tiktok when you come across a video showing a pile of cash. The creator says they earned the stack of money in just a few days by investing in cryptocurrency,” the...
Russian Crypto Scammers Go Offline, Open Offices, Central Bank Worried About Trend
29.8.2022
An increasing number of financial and crypto pyramids targeting Russian investors have been opening physical offices in the country. The Central Bank of Russia has recently expressed concern over the trend which is seen as an indication that the fraudsters expect growing demand. Russian Crypto...
Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds
15.7.2022
The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’...
British Army’s social media accounts hacked by crypto scammers
4.7.2022
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams
US Regulator: Investors Reported Losing Over $1 Billion in Crypto to Scams Since 2021
5.6.2022
The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency to scams since the beginning of last year. FTC Says Scammers Stole Over $1 Billion in Crypto The U.S. Federal Trade Commission published a “Data...
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic
8.5.2022
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian...
Better Business Bureau Warns About Cryptocurrency — BBB Ranks Crypto Scams Second Riskiest
15.3.2022
The U.S. Better Business Bureau (BBB) says cryptocurrency scams have become the second riskiest. In addition, the organization noted that “Payment made via cryptocurrency that resulted in a monetary loss more than doubled from 2020.” BBB Sees Rising Crypto Scams The U.S. Better...
Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors
22.2.2022
Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million. 11 People Arrested so Far in Cryptocurrency Scam in India Indian police have cracked down on a cryptocurrency investment scheme that has duped...
Elon Musk Criticizes Twitter — Gets Blasted for Using Tesla to Promote Crypto, Dogecoin
23.1.2022
Tesla and Spacex CEO Elon Musk has criticized Twitter for using its engineering resources to provide a non-fungible token (NFT) profile picture service. “Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread,”...
Will the Real Polygon Please Stand Up — Spammers Wrongly Post Coin Drops on Video Game-Related Feed
11.8.2021
In a strange twist of fate, two companies named Polygon are the source of a storm of confusion on Twitter as a video game community gets a unique introduction to Polygon’s blockchain technology. Crypto Scammers Hit Game-Related Feed Polygon, the rebranded layer 2 blockchain solution...
Bank Manager Gut Feeling Helps Her Thwart Crypto Scammers
14.7.2021
The South Korean commercial bank Nonghyup Bank (NH) has claimed that a member of its staff’s quick thinking helped prevent a major instance of crypto fraud.
Per the media outlet News1, the bank explained that Oh Ji-jung (40), a manager of an NH branch in the sub-tropical island province of Jeju...
Crypto Scammers Now Stalking Dating Apps Like Tinder for Prey
9.7.2021
Crypto scammers may have found a new hunting ground for bitcoin (BTC) and altcoin-holding victims: dating apps.
Per a case study published by the US-based crypto self-custody solutions provider Casa, scammers have developed a “novel attack” that targets crypto enthusiasts. The firm warned...
Elon Musk impersonators make bank as crypto scammers' profits surge
18.5.2021
Scammers are impersonating Elon Musk and other prominent crypto figures to dupe naive investors out of their coins at an accelerated rate
Richard Branson Found to Be Crypto Scammers’ Favorite Brit Celebrity
11.5.2021
Famed entrepreneur Richard Branson is often featured in fake articles sent out by various investment schemes, many of which are related to cryptocurrency, U.K.’s National Cyber Security Centre (NCSC) revealed in a report. The agency, which has blocked over 285,000 such campaigns in only nine...
South Korea Crypto Scammers Targeting People in Their 50s & 60s
27.3.2021
Source: Adobe/jon_chica
“Crypto” fraudsters in South Korea are increasingly preying on citizens in their fifties and sixties, a new report has found, with crypto-flavored multi-level marketing (MLM) schemes now running wild.
Per EDaily, the regulatory Financial Supervisory Service (FSS) says there...
Japanese Lonely Hearts Warned to Beware Dating App Crypto Scammers
23.2.2021
Japanese men aged 30-49 are increasingly finding themselves the target of sophisticated crypto scams that pry on love-hungry users via dating apps – with a national watchdog stepping in with a warning to be mindful of the risks of investing in tokens on the advice of strangers.
The National...
California Man Loses $27,000 in Bitcoin After Falling Prey to Crypto Scammers
26.1.2021
In Daly City, California, authorities are investigating a crypto scam incident where a man lost $27,000 worth of bitcoin. A 48-year-old man claimed the scammers tricked him into giving them the keys to his wallet. Scammer Impersonated a Crypto Wallet Hardware Firm Ledger Representative Per KTVU...
Belgian Regulator Warns of Crypto Scammers That Target Male Tinder Users With Fake ICOs
10.12.2020
The Belgian regulator, the Financial Services and Markets Authority (FSMA), says scammers are employing new techniques which target Tinder and Facebook users. Using what the FSMA terms an “emotional scam,” criminals are targeting male users of the dating app Tinder with promises...
Crypto scammers deface Trump campaign website one week from elections
28.10.2020
Just one week before the election, President Donald Trump's website was briefly defaced by crypto scammers
Crypto scammers plague Estonia’s e-residency program
28.9.2020
Local authorities hope that tackling the issue will restore trust in the e-residency program