Phishing victim sends eye-watering $4.5M in USDT to scammer
On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange before eventually arriving at an address purportedly owned by a scammer. Go to Source
Pig butchering
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Binance off the hook from $8M Tinder ‘pig butchering’ lawsuit
The plaintiff, a Texan woman, initially blamed Binance for losing $8 million in a pig butchering scam that began on Tinder. Go to Source Powered by WPeMatico
Australian crypto scams increased by over 162% with nearly $150M lost
While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022. Go to Source Powered by WPeMatico
US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown
The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto Seized by DOJ The … Read more
FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games
The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part of a scheme to defraud users of funds stored in the form of cryptocurrency. Criminals are introducing victims to this kind of game and then use malware to extract the funds from cryptocurrency wallets linked to the … Read more
California regulator launches complaint-based crypto scam tracker
The regulator said it receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it’s done something with the information. Go to Source Powered by WPeMatico
Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis
Falling crypto prices caused crypto scam revenue to plummet in 2022, though two scam types managed to persist. Go to Source Powered by WPeMatico
New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers
These cybercriminals reach out to romance-seekers from dating apps like Tinder before convincing them to invest in their fraudulent cryptocurrency investment schemes. Go to Source Powered by WPeMatico
Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’
Philippine authorities say that they have rescued alleged victims of a “crypto trafficking ring” who were recruited to work in a call center in Cambodia and scam people out of their cryptocurrencies. The authorities are also investigating government employees who may have assisted crypto trafficking syndicates. Alleged Victims of ‘Crypto Trafficking Ring’ Rescued The Philippine … Read more
FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country
The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you,” cautioned an FBI specialist. FBI Warns About Pig Butchering … Read more
