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States of Jersey Police Warn Islanders of Crypto Fraud Following a Recent Scam


Source: Pixabay The States of Jersey Police brought a crypto investment fraud to light that resulted in losses amounting to £700,000 ($873K). Jersey police issued a warning to the islanders to be vigilant about cryptocurrency scams. The British isle issued a cautionary note to residents to be aware...

Lloyds Bank Issues ‘Urgent Warning’ on Rising Threat of Crypto Scams


Lloyds Bank, a major retail and commercial bank in the U.K., has issued an “urgent warning” about the growing threat of cryptocurrency scams. “Crypto is a highly risky asset class and remains largely unregulated, which makes it an attractive area for fraudsters to exploit....

IRS Says US Taxpayers Are the Most Targeted for Pig Butchering Crypto Scams


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...

Swan Bitcoin to Block Accounts Interacting with Coin Mixing Services


Source: iStock Swan Bitcoin, a California-based Bitcoin services platform, announced recently that it would terminate accounts of users directly interacting with mixing services. In a statement released over the weekend, Bitcoin-only accumulation platform Swan issued a warning to users engaging...

Slowmist Warns About Fake Journalists Orchestrating Crypto Thefts


Source: AdobeStock / Sergey Nivens Security firm SlowMist has issued a warning about a wave of crypto thefts orchestrated by fake journalists.  In a recent Medium post, the company said the first instance of this malicious campaign was reported on October 14 when a Twitter user named Masiwei...

Lloyds Bank Warns Over Rising Threat of Crypto Scams


Source: AdobeStock / JeromeMaurice Lloyds Bank has issued a warning over a significant surge in crypto scams, revealing a 23% rise from the previous year. As per the UK bank’s report, victims are losing an average of $13,130, marking a notable rise from the previous year’s average of $8,570....

Gary Gensler: Crypto Frauds Extend Beyond a Single Case


Image Source: CNBC Gary Gensler, Chair of the Securities and Exchange Commission (SEC), has issued a warning about the prevalence of fraud in crypto, stating that there are multiple “notorious fraudsters” operating in the space. Gensler’s comments come on the heels of the criminal...

Ex-PlayStation Boss Has A Warning For The Game Industry


Shawn Layden has been out of PlayStation for four years now, but retirement hasn’t stopped him from weighing in on larger trends in gaming. Long worried about ballooning blockbuster development budgets, the former CEO of Sony Computer Entertainment America has added studio consolidation and...

FTC Warns Consumers Crypto Deposits Are Not FDIC Insured


The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens,...

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