Scams
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US Commodities Regulator Issues Warning About AI Scams Promoting Crypto Asset Trading Schemes
The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning about artificial intelligence (AI) scams promoting false crypto opportunities…
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Total Value of Crypto Stolen From DeFi Platforms in 2023 Plummets by 63.7% Year-on-Year: Chainalysis
Blockchain analysis firm Chainalysis says the value of crypto assets that cybercriminals stole in 2023 went down by more than…
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Fraudulent ‘Jet Frog’ Withdrawals Hit Bank Accounts As Millions Warned To Watch for Unusual Activity
Several major banks are confirming the spread of a new banking scam that utilizes the unusual name “Jet Frog”. News.com.au…
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$17,000 Stolen From Bank of America Account in ‘Stunning’ Phone Hack – Why Two-Factor Authentication ‘Hijacked Everything’
A Bank of America customer says she’s stunned after losing control of her phone and watching $17,000 disappear from her…
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OneCoin lawyer sentenced to 10 years in prison over laundering $400 million
In a landmark judgment, Mark Scott, formerly a high-ranking lawyer at Locke Lord LLP, received a 10-year prison sentence on…
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SEC Says Hacker Used SIM Swap To Compromise Regulator’s X Account and Post False BTC ETF Approval Announcement
The U.S. Securities and Exchange Commission (SEC) is revealing the details behind the incident where the markets regulator’s account on…
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Regulators Investigating Collapsed Crypto Firm That Owes Creditors $58,000,000 After Going Bust in 2021: Report
Australian securities regulators are investigating Blockchain Global after a report connected two of its directors to previous crypto schemes. The…
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US Government Charges German National for Allegedly Running $150,000,000 Crypto Scam
US authorities are charging a German businessman for allegedly operating a crypto pyramid scheme that defrauded about $150 million from…
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Former CEO Sentenced to Two Years Behind Bars for ‘Cherry-Picking’ Scheme Involving Crypto Futures Contracts
The former chief executive of an investment firm has been sentenced to two years in prison for a “cherry-picking” scheme…
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Hardware Wallet Trezor Says 66,000 of Its Users Affected in Data Breach Last Week
The company behind the crypto hardware wallet Trezor says some of its customers are at risk of phishing attacks following…
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