Telegram Scams Crypto scammers are turning to Telegram to scam, a strategy that has grown by 2,000% since November. According to Scam Sniffer, 15th Jan, the scam happened. Instead of typical phishing attempts, where users are tricked into connecting their wallets to fraudulent sites, these new tactics involve fake verification
On 5th January 2025, police in Dong Nai Province, Vietnam, arrested four suspects. A gang defrauded over 200 victims of nearly 4 billion Vietnamese dong worth, that is $157,300. The leader of the gang was Tran Minh Quang; they set up a website called BitMiner to mine cryptocurrencies. They registered
The Financial Intelligence Unit (FIU) of Nepal has discovered that, despite a government prohibition on trading digital assets, cryptocurrencies are extensively used to plan cyber-related scams. Money laundering, terrorism funding, and other forms of financial crime are closely monitored and combated by the Financial Intelligence Unit (FIU). The FIU is
The FBI’s Internet Crime Complaint Center (IC3) has revealed a sharp rise in cryptocurrency-related fraud. Americans lost $5.6 billion in 2023—a 45% increase from the previous year. The IC3’s annual report recorded over 69,000 complaints, underscoring the growing exploitation of digital currencies in various scams. Investment fraud was the most
Australians has suffered significant financial losses to cryptocurrency scams, amounting to $122 million over the past 12 months, according to the Australian Federal Police (AFP). The increase in scam activity highlights a worrying trend as more Australians venture into the digital currency space. Many victims fall prey to schemes promising
Victoria, Seychelles, 28th June 2024, Chainwire
U.S. investment losses in 2023 were mostly attributable to crypto-related investment fraud, according to the Federal Bureau of Investigation (FBI). Investment losses associated with cryptocurrency jumped 53% from $2.57 billion in 2022 to about $3.94 billion in 2023, according to a new report from the FBI. At the same time,
Cuscal, the third-party payments provider for Binance Australia, suggested that the decision to discontinue its services influenced by concerns over scams and fraud. That is associates with activities such as account fraud, ID takeover, and cryptocurrency transactions. In a sudden move, Binance Australia declared on May 18 that its Australian
Cryptocurrencies are regularly targeted by scammers and hackers due to their rising popularity. For instance, $3.5 billion in cryptocurrency was stolen in 2022 alone. That number could be way higher because not everyone reported they were victims of scammers. But does this mean you should stop being interested in cryptocurrency?
The Senators’ letter specifically called out Meta sites as prime targets for fraudsters. The Senators also expressed their worry that Meta is not doing enough. As the parent company of Facebook, Meta, expands into the metaverse, numerous senators in the United States have requested Facebook CEO Mark Zuckerberg to demonstrate
