FBI Recovers $5M as Pig Butchering Crypto Scams Surge
Pig butchering crypto scams are on the rise, with hundreds of victims in the US. The FBI recently recovered $5 million in one such case. Cryptocurrency is one of the most popular investment options due to its rapid growth, trading capabilities, and numerous other advantageous attributes. It is the domain in which fortunes can be […]
FTC Issues Warning Over Growing Crypto Romance Scams
The Federal Trade Commission (FTC) of the United States has issued a consumer warning regarding crypto romance scams online. The Federal Trade Commission (FTC) advised consumers to “sever all communication” with online romantic partners who may be attempting to fraudulently obtain their funds by employing cryptocurrency investments as a lure. These fraudsters implement long-term strategies, […]
Crypto Phishing Attacks Over $1 Million Decrease 75% in February
According to data on crypto phishing attacks, ERC20 tokens account for 78% of the total market theft. With the increasing adoption of cryptocurrencies, there has been a notable surge in the occurrence of crypto fraud attacks within the market. Nevertheless, the sector has exhibited certain progress throughout February, as the substantial volume of thefts has been brought […]
Simon Callaghan Calls for Joint Efforts to Combat Crypto Scams
Simon Callaghan, the new CEO of Blockchain Australia, is urging Australia’s institutions, government, and the crypto industry to work together to combat the rise of cryptocurrency scams. June 30, on the final day of Australian Blockchain Week in Melbourne, Callaghan announced that the association will now focus on preventing crypto-related frauds, among other initiatives. “We […]
Common Crypto Scams and How to Avoid Them
In the rapidly evolving world of cryptocurrencies, where digital assets have gained immense popularity, it is crucial to be aware of the common scams that can threaten your investments. This article aims to shed light on prevalent common crypto scams and provide valuable insights on protecting yourself from falling victim to fraudsters. Types of Crypto […]