Investor Defrauded by Inauguration Email Scam Federal officials have reported a significant cryptocurrency fraud incident where an investor was defrauded of over $250,000 in USDT.ETH. The elaborate scam involved deceptive emails purporting to be from Donald Trump’s 2025 inaugural committee. The fraudster specifically impersonated Steve Witkoff, who was serving as the co-chair of the committee,…
Artificial intelligence tools, including sophisticated chatbots, advanced deepfake software, and realistic fake ID generators, are now playing a pivotal role in enabling criminals to automate and significantly expand the scope of crypto scams and other related illicit activities. This alarming trend is highlighted in ‘The state of crypto scams 2025’ report, published by Elliptic, a…
Germany Sees Record Crypto Suspicion Despite Drop in Overall Alerts A new report from Germany’s Financial Intelligence Unit (FIU) reveals a record number of crypto-related suspicious activity reports, even as the total volume of suspicious financial alerts has declined across the country. The rise reflects growing concerns over how digital assets are being misused, particularly…
Major Crypto Fraud Bust Unfolds Across New Zealand and the US Authorities in New Zealand have taken a major step in cracking down on international cryptocurrency crime with the arrest of a Wellington man linked to a sprawling $265 million fraud investigation spearheaded by the FBI. The operation has already resulted in 13 arrests across…
FBI: Crypto Fraud Cost Alaskans $11.7 Million Last Year Alaska residents are losing millions to online scams, and cryptocurrency is increasingly at the heart of the damage. According to the FBI’s 2024 Internet Crime Report, Alaskans lost a staggering $26.2 million to internet crimes in 2023. Nearly half of that—over $11.7 million—was linked to crypto-related…
A new report has claimed there is a North Korean cyber operation involving the creation of fake companies within the United States. The strategy was to gain access to the cryptocurrency market by using fake employment opportunities to lure in malware developers. The perpetrators managed to secure corporate shells with legal registrations as well as…
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