Crypto scams likely hit a new record in 2024, driven by ‘pig butchering' and AI, says Chainalysis
Crypto scam revenue is estimated to have hit record levels last year as cybercriminals leverage new technologies like AI and become more organized.
FBI says ‘pig butchering’ cryptocurrency scams hit victims in all 50 states
Thousands of people are falling victim to a con that has become an intense focus of the FBI – cryptocurrency investment scams sometimes called “pig butchering.”
Cryptocurrency scam losses likely hit record in 2024, research says
Losses from cryptocurrency scams are on track to hit record levels in 2024 after scammers have increasingly used generative AI to trick victims. Cryptoc
AI-driven crypto scams could reach $15 billion in 2025, Chainalysis warns
Taking into consideration an average annual increase of 24% in scam revenue between reporting periods, Chainalysis predicts that total scam losses could surpass $15 billion in 2025.
FBI notified over 4,300 victims of ‘pig butchering’ crypto scams in past year
After victims are tricked into buying crypto, they are shown fake online accounts with fictitious returns while the stolen funds are moved offshore, an FBI official said.
Chainalysis: 2024 was a record year for scammers, with more sophisticated tactics
Scammers became more active in 2024, ending up with an estimated haul between $9.9B and $12.4B. Chainalysis discovered high yield scams were the most active, followed by personalized confidence or job scams.
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Woman loses Rs 1.2 crore in investment scam, says I had no option but to deposit money
A 61-year-old government official from Shahdara fell victim to a large-scale investment scam, losing Rs 1.2 crore to ...
MPD searching for suspect involved in $100K investment scam
Midland Crime Stoppers and the Midland Police Department has asked for help from the community to identify a fraud suspect.
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Real Estate Executive Elie Schwartz Pleads Guilty to $62.8M Investment Fraud Scheme in Atlanta and Miami Beach
Elie Schwartz pleaded guilty to wire fraud for a $62.8 million investment fraud scheme, defrauding over 800 investors through ...
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Crypto investment fraud on rise, FBI Jacksonville warns
Here’s a warning about cryptocurrency investment fraud. FBI Jacksonville says it’s one of the most common and damaging fraud ...
Cryptocurrency scams on the rise: Beware of social media investment traps
(WJAR) — Investing in cryptocurrency could yield huge returns. But it's also a huge gamble. Bentley University professor and ...
Romance scams surge as fraudsters exploit love and cryptocurrency
Romance scams cost US victims over $1 billion in 2023. Authorities warn of rising online fraud, as tech firms crack down on ...
Investment fraud case tied to DUI booklet ends with prison for former Thousand Oaks man
A former Thousand Oaks resident has paid $600,000 in restitution and must serve a little over a year in prison for a $1.1 ...
Everything you need to know about common scams targeting the elderly
Midland Crime Stoppers has issued a warning to the community about a rise in scams targeting the elderly population. The warning came after one victim was defrauded out of $100,000 in an investment ...