Cryptocurrencies such as bitcoin, ethereum, cardano and hundreds more are hot commodities in online trading, and it’s possible for a lucky investor to make a big profit. But the prospect of quick …
US enforcement agencies are turning up the heat on crypto-related crime
On the evening of Jan. 7, Anatoly Legkodymov, founder of the cryptocurrency exchange Bitzlato, was arrested in Miami. The following day, the United States Department of Justice (DOJ) unsealed a …
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Thousands may have lost out to crypto trading app
Thousands of people are believed to have lost their savings after investing in a cryptocurrency trading app called iEarn Bot. Experts who have investigated the company say it could be one of the …
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Scam alert: $300K stolen by fake Blur airdrop websites
Scammers continue to prey on nonfungible token (NFT) users looking to claim Blur (BLUR) token airdrops through numerous scam websites. According to data from TrustCheck, over $300,000 has been stolen …
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Cybercriminals target SVB customers with BEC and cryptocurrency scams
Cybercriminals have started taking advantage of Silicon Valley Bank’s (SVB) downfall to carrying out scams that can steal money, and bank account information, or infect customers’ systems with …
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FBI says $10 billion lost to online fraud in 2022 as crypto investment scams surged
More than $10 billion in losses from online scams were reported to the FBI in 2022, the highest annual loss in the last five years, according to a new report from the bureau. The more than $3 billion …
NatWest limits cryptocurrency transfers over scam fears
NatWest is limiting the amount of money customers can transfer to cryptocurrency exchanges. From Tuesday, customers will be able to transfer a maximum of £1,000 a day to such exchanges, and no more …
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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 …
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Cryptocurrency-Related Crime Boomed in 2022
Cryptocurrency crime is flourishing, according to multiple year-end reports. For starters, cryptocurrency losses due to cyber theft rose to $3.7 billion last year. That’s a 58% increase over the $2.3 …
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Top 5 Cryptocurrency Scams (And How To Avoid Them)
Cryptocurrency has been making headlines in recent years as investors seek to capitalise on the potential rewards offered by digital currencies. However, with the rise in the popularity of …
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