Texas Sees Surge in Bitcoin Scams
Numerous people in Lubbock, Texas, have lost a huge amount of money due to an increase in scams involving Bitcoin. Twenty to thirty people have reported scams using gift cards and Bitcoin transactions to the police in the last several months. Most victims of these scams are older people, who are tricked into thinking their […]
Police Intercepts $40K Bitcoin ATM Scam by Bank Impersonator
A police officer discovered an ongoing fraud in which a Chase Bank impersonator deceived an older woman into withdrawing $40,000 and depositing it into a Bitcoin ATM. The White Settlement Police Department (WSPD) reported on June 19 that officers were able to halt a fraud in its tracks. After witnessing an older woman deposit substantial […]
Singapore Police Warns Businesses of Ransomware Risk
In light of the Akira ransomware in Singapore, the police have advised businesses against paying ransom in case of a compromise and asked them to report the incident immediately. The Akira ransomware variant is rising, prompting Singaporean authorities to jointly advise local enterprises. Akira, the ransomware that inflicted $42 million in losses on more than […]
Hong kong Police Issue Warning of Fake Banknotes
Hong Kong authorities have seen an increase in fake banknotes that are being distributed through cryptocurrency frauds. A local source states that 3,396 counterfeit notes were found by the Hong Kong police between January and April of 2024. The total face value of the counterfeit goods was HK$2.55 million, or around $326,130. More specifically, the […]
UK Police Warn Against Coscoin Following £215k Crypto scam
Law enforcement organizations have issued a warning on the Coscoin cryptocurrency investment platform in response to many fraud claims. As to the most recent article by the BBC, Coscoin, also known as Cos or Cosetek, has positioned itself as a trailblazing platform in artificial intelligence-powered quantitative trading. Investors are drawn to the platform by the […]