Vietnam police bust crypto scam ring linked to offshore actors
Vietnamese police arrest five individuals linked to a crypto scam network, unraveling an offshore-led operation targeting unsuspecting victims. Go to Source
investment scams
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FBI Reports 45% Rise in Crypto Fraud, $5.6 Billion Lost, 71% From Investment Scams
The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% of these losses, highlighting the growing exploitation of digital currencies. The FBI further noted that crypto fraud represents nearly half of total losses. … Read more
Arizona AG Warns Scammers Always Find New Ways to Steal Your Money With Crypto
Arizona Attorney General Kris Mayes has issued a warning about the rising threat of cryptocurrency scams targeting vulnerable individuals, especially seniors. These scams include fraudulent investment schemes, impersonation of businesses or government entities, and blackmail, exploiting the public’s lack of cryptocurrency knowledge. Mayes urged residents to verify suspicious claims, avoid sharing personal information, and report … Read more
Australian regulator claims 58% of crypto ads on Facebook are scams
Australia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform breach Meta’s policies or involve scams. Go to Source
BlackRock imposters target crypto ETF investors
BlackRock warns investors about a rise in crypto scams targeting its iShares Bitcoin and Ether ETFs, urging caution against social media impersonators. Go to Source
FTC issues urgent warning over rising crypto romance scams
The FTC asked users to report scammers to the government and warn their loved ones about the scam. Go to Source
Thailand threatens Facebook over crypto scams and other fraudulent ads
Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams. Go to Source
Crypto Tops Investor Threats for US Securities Regulators
U.S. state securities regulators have revealed that cryptocurrency investments are their top investor threat this year. “Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes and other frauds,” one regulator warned. Crypto Is the Top Threat for US … Read more
