Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,405,003,212,360.21
  • 24h Vol: $54,332,229,412.15
  • BTC Dominance: 56.55%

Crypto Scams

cftc-warns-of-follow-on-frauds-targeting-victims-multiple-times

CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times

Leave a Comment / Bitcoin, CFTC, Crypto, Crypto Hacked, Crypto Scams, Cryptocurrency, cryptocurrency fraud, Ethereum, News Bytes, News Bytes - 2, Pig butchering / / / , , , , , , ,

The Commodity Futures Trading Commission (CFTC) warns about repeated fraud targeting victims multiple times, often by the same criminals. Common fraud types include relationship crypto frauds, also known as “pig butchering,” where scammers form online relationships, encourage investments in bogus crypto trading schemes, and then steal funds. Victims often face additional scams, such as fraud-recovery […]

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washington-regulator-warns-of-miami-equity-fund-005-crypto-fraud

Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud

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The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark”

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chinese-billionaire-convicted-of-racketeering-and-wire-fraud-in-us

Chinese Billionaire Convicted of Racketeering and Wire Fraud in US

Leave a Comment / Bitcoin, Chinese billionaires, court cases, Crypto, Crypto Hacked, Crypto Scams, Cryptocurrency, Ethereum, Guo Wengui, H-Coin, Himalaya Exchange, Miles Guo, News Bytes, News Bytes - 2 / / / , , , , , , , , , ,

Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S. Attorney Damian Williams stated that Guo faces decades in prison. His fraudulent activities funded a

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philippine-central-bank-warns-of-ai-driven-crypto-scams-—-governor-denies-endorsing-cryptocurrency-projects

Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects

Leave a Comment / Bitcoin, BSP, Central Banks, Crypto, Crypto Hacked, Crypto Scams, Cryptocurrency, cryptocurrency scams, Ethereum, News Bytes, News Bytes - 2, Philippines / / / , , , , , , , ,

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the purported cryptocurrency project “Tesler Code” or any other

Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects Read More »

man-pleads-guilty-in-meijer-loyalty-program-fraud-case,-forfeits-crypto

Man Pleads Guilty in Meijer Loyalty Program Fraud Case, Forfeits Crypto

Leave a Comment / Bitcoin, Crypto, Crypto Fraud, Crypto Hacked, Crypto Scams, Cryptocurrency, Ethereum, grocery chain, grocery stores, Hacks, Meijer, Mperks, News Bytes, News Bytes - 2 / / / , , , , , , , , , ,

Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program

Man Pleads Guilty in Meijer Loyalty Program Fraud Case, Forfeits Crypto Read More »

bitcoin-atm-scams-on-the-rise:-north-carolina-ag-issues-warning-and-tips-to-stay-safe

Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe

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North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and

Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe Read More »

federal-agencies-join-forces-to-fight-crypto-scams

Federal Agencies Join Forces to Fight Crypto Scams

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Several federal agencies, including the Federal Bureau of Investigation (FBI) and the U.S. Securities and Exchange Commission (SEC), convened at a Fraud Disruption Conference to combat crypto scams, particularly the “pig butchering” fraud that siphons billions from Americans annually. The meeting brought together over 300 officials from 15 federal agencies to strategize against this pervasive

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surge-in-crypto-scams:-fsma-sees-significant-spike-in-recovery-room-fraud

Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud

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The Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and cryptocurrency scams. Nearly half of the 1,332 consumer reports received in the first half of 2024 pertained to these scams, reflecting a 44% increase from the same

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ftc-warns:-social-media-investment-scams-on-the-rise

FTC Warns: Social Media Investment Scams on the Rise

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The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers that all investments carry inherent risks. FTC Issues Warning on Social Media

FTC Warns: Social Media Investment Scams on the Rise Read More »

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Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges

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The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an unauthorized access device. Sklyuev is accused of submitting a malicious cryptocurrency wallet app, “EOSIO Wallet Explorer,” to

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