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Crypto Scammers Preying on Elderly Japanese Singletons – Report
3.3.2023
Crypto scammers are targeting elderly Japanese singles on social media and dating apps. But middle-aged Japanese lonely hearts are also finding themselves in fraudsters’ cross-hairs. And some scammers appear to be targeting yet-younger individuals.
In a column for Nikkan Gendai, the financial...
Chinese Prosecutors Close Net on 40 Suspected Crypto Scammers
20.2.2023
Up to 40 suspected crypto scammers are facing prosecution in China – with 10 already standing trial.
Per Jimu News, 10 of the alleged scammers are being tried at the Enshi (Hubei Province) branch of the People’s Court on fraud charges.
The public prosecution agency claims that the “gang”...
Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis
17.2.2023
Falling crypto prices caused crypto scam revenue to plummet in 2022, though two scam types managed to persist
Crypto scammers abuse 'lax' UK company laws to fool victims: Report
1.2.2023
A report suggests companies are able to register in the U.K. very easily which makes them appear more credible to potential scam victims
FBI Seizes Bitcoin From Overseas Scammers Who Posed as US Law Enforcement Officials
23.1.2023
The Federal Bureau of Investigation (FBI) says it has seized bitcoin worth millions of dollars from overseas scammers targeting the elderly. The scammers posed as members of U.S. law enforcement agencies and tricked the victims into transferring money to them for “safekeeping.” FBI Says...
Cross-border crypto scammers on the hit list for EU agencies
16.1.2023
Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022
Today in Crypto: Scammers Impersonate the US Department of State, MicroStrategy Buys-Sells-Buys Bitcoin, Midas Investments Closes Doors Due to Major Losses
28.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Scammers Impersonate the US Department of State, MicroStrategy Buys-Sells-Buys Bitcoin, Midas Investments...
Dating App Crypto Scammers Strike Again as Catfished Japanese Man Loses $90k
21.12.2022
Crypto scammers are ramping up their catfishing campaigns on East Asian dating apps, with another Japanese man falling victim to fraudsters. The man lost “more than $90,000” to a “foreign woman” – who has since vanished.
NHK reported that, per the police, the man – aged in his 50s and a resident...
French Police Catch ‘Crypto Scammers’ Who Lured Victims with ‘Suitcases’ of ‘Cash’
12.12.2022
Source: Maksym Dykha/Adobe
French prosecutors say they have shut down two crypto scammers who used “suitcases” full of counterfeit cash to trick crypto investors into handing over tens of thousands of dollars worth of bitcoin (BTC), USD coin (USDC), and ethereum (ETH).
France Blue reported that...
Crypto Scammers are Buying Fake Identities on the Black Market for as Little as $8 – Here’s What You Need to Know
18.11.2022
A vast underground ring of know-your-customer (KYC) actors for hire has been increasingly used by rogue developers with the aim to scam Web3 communities, according to a recent analysis by security-focused ranking platform CertiK. ...
Read More: Crypto Scammers are Buying Fake Identities on...
Crypto scammers are using black market identities to avoid detection: CertiK
18.11.2022
The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities
Deutsche Telekom Supports Ethereum & Works w/ Stake Wise, SEC Charges Hydrogen, US State Comes After 23 Alleged Crypto Scammers + More News
29.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Deutsche Telekom Supports Ethereum & Works w/ Stake Wise, SEC Charges Hydrogen, US State Comes After 23 Alleged Crypto...
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...