Scammers Use Google Ads to Promote Phishing Site – Report
According to a report by BleepingComputer, scammers are advertising fraudulent crypto websites using Google’s Ads platform. Google seems to be endorsing a malevolent cryptocurrency website that redirects users to a cloned fraudulent website, which exploits users’ cryptocurrency using Google Ads, an online advertising platform that allows companies to display advertisements on Google’s search engine results […]
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 […]
IRS Investigations List 4 Crypto Crimes on Top of Cases in 2023
For the year 2023, the “most prominent and high-profile investigations” of the United States Internal Revenue Service (IRS) criminal investigation unit have included four cases about cryptocurrencies in its top ten. The IRS unit announced on December 11 that four significant cases involving confiscating cryptocurrencies, fraudulent practices, money laundering, and other schemes occurred in 2023. […]
TRM Labs Partners with Swyftx to Combat Scams
Australian cryptocurrency exchange Swyftx called on TRM Labs to crack down on scammers as losses from cryptocurrency keep rising. In an effort to combat cryptocurrency fraud, Australian cryptocurrency exchange Swyftx has partnered with blockchain forensic company TRM Labs. This comes after fresh government data revealed a roughly $146 million cryptocurrency loss. In a blog post […]
Hong Kong Authorities Investigate Hounax in Alleged Scam
The SFC and Hong Kong Police are looking into Hounax, an unlicensed cryptocurrency exchange, following 145 fraud claims. After multiple people connected to the JPEX cryptocurrency scam were taken into custody, Hounax, a different virtual asset trading site situated in Hong Kong, was shut down. Local media state that 145 victims had notified the Hong […]