FBI initiative saves thousands from crypto scams, recovers $285 million
The Federal Bureau of Investigation (FBI) has announced a new anti-scam initiative, Operation Level Up, stating that it has saved around $285 million for potential victims. The agency disclosed this in a press release on February 13 while acknowledging the prevalence of this type of scam.
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.
FBI Is Calling Crypto Scam Victims in Bid to Stop Further Financial Loss
To avoid tipping off the scammers, the FBI didn't reveal too many details about how it identifies victims. But in general, it's keeping an eye on where fraud proceeds are going.
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.”
FBI launches new program to help curb Crypto scams
She said crypto scams have become more popular because of how difficult the money is to trace. “In crypto trans
An FBI initiative helps cryptocurrency scam victims
Operation Level Up launched last year and according to the FBI, it’s already helped over 4,000 victims of crypto fraud.
FBI tries new tack to thwart crypto crimes: Proactively calling victims
The thousands of investors had different goals for growing their money last year, from paying for cancer treatments to helping loved ones, to just making a good return. But all had one thing in common: they were victims of cryptocurrency scams that totaled an estimated $5 billion in potential losses.
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Scammers Use Financial Grooming, known as ‘Pig Butchering,’ to Steal Victims’ Savings
It’s typically an overseas-based fraud where scammers connect with you online, form a relationship, then lure you into bogus cryptocurrency investments. The criminal may take weeks or months to ...
‘They steal people’s money and their hearts’: Romance scams targeting Mass. seniors on the rise
As more people go online to seek romantic relationships, and transferring money has gotten easier and less traceable, an ...
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3 scams in 2 days: Manitowoc County sheriff issues warning after out-of-state man’s arrest
A 27-year-old out-of-state man was arrested Thursday after trying to scam a Manitowoc resident, the sheriff's office said.
Australian and Philippine police help would-be victims avoid online love scams on Valentine's Day
Australian and Philippine authorities have taken steps on Valentine’s Day to help would-be victims avoid hurting their ...
Crypto scams likely set new record in 2024 helped by AI, Chainalysis says
The rise of "pig butchering" scams and the increasing use of generative artificial intelligence likely lifted revenues from ...
Beware 'AI Valentines': Scammers using latest technology to romance victims
Leaders of USF's Behavioral AI Lab say "generative AI" can create human-like prompts and adapt to responses. It is helping ...
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 ...
Victims lost at least $32.6m to scams since January, police urge vigilance
SINGAPORE – At least $32.6 million were lost to investment scams since January 2025, with police urging members of the public ...
BBB: More than half of romance scams now result in financial loss | Here’s how to protect yourself
The Better Business Bureau and the FBI are warning consumers to remain vigilant, as scammers continue refining their tactics.