AI-powered romance scams: The new frontier in crypto fraud
AI-powered romance scams leverage chatbots and deepfakes to deceive crypto users, posing new challenges in fraud prevention. Go to Source
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AI-powered romance scams leverage chatbots and deepfakes to deceive crypto users, posing new challenges in fraud prevention. Go to Source
The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently arrested 792 suspects implicated in crypto romance scams. The arrests followed a raid on a building believed to be a hub … Read more
Hong Kong police have dismantled a notorious fraud syndicate responsible for defrauding victims of HK$360 million using romance scams tied to fake cryptocurrency platforms. Arresting 27 individuals, some linked to triads, they revealed the sophisticated use of deepfake technology and digital media expertise to deceive victims across Asia. Massive Fraud Syndicate Busted: Deepfake Romance Scams, … Read more
The lifespan of scams is getting shorter as cybercriminals change tactics and target individuals on social media. Go to Source
United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement. Go to Source
The FTC asked users to report scammers to the government and warn their loved ones about the scam. Go to Source
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,” … Read more
The last time the DFPI sent out such a large batch of crypto scam alerts was in June when it sounded the alarm over 26 dubious crypto platforms. Go to Source Powered by WPeMatico
The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than 25 times those reported in 2019,” said the FTC. FTC Warns … Read more