Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,408,236,890,635.75
  • 24h Vol: $56,245,798,007.57
  • BTC Dominance: 56.46%

Pig butchering

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

CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times

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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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fbi-seizes-$2.5m-in-crypto-from-thailand-based-pig-butchering-scam-targeting-americans

FBI Seizes $2.5M in Crypto From Thailand-Based Pig Butchering Scam Targeting Americans

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The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable. “The rate at which bad actors are using elaborate pig-butchering scams to defraud innocent people is

FBI Seizes $2.5M in Crypto From Thailand-Based Pig Butchering Scam Targeting Americans 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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washington-state-regulator-warns-investors-of-pig-butchering-crypto-scheme

Washington State Regulator Warns Investors of Pig Butchering Crypto Scheme

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The Washington State Department of Financial Institutions (DFI) issued a warning on Thursday after it received a complaint from a Washington investor about Fameex, now offline. The investor, a real estate agent, met scammer “Jackson Qie” via an unsolicited text. Qie convinced him to invest over $113,000 in ether (ETH) and tether (USDT) on Fameex.

Washington State Regulator Warns Investors of Pig Butchering Crypto Scheme Read More »

us-justice-department-seizes-cryptocurrency-worth-$112-million-in-‘pig-butchering’-crackdown

US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown

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The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto Seized by DOJ The

US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown Read More »

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Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’

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Philippine authorities say that they have rescued alleged victims of a “crypto trafficking ring” who were recruited to work in a call center in Cambodia and scam people out of their cryptocurrencies. The authorities are also investigating government employees who may have assisted crypto trafficking syndicates. Alleged Victims of ‘Crypto Trafficking Ring’ Rescued The Philippine

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