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Bitcoin scammers impersonate police, Sunray Finance $2.7M drain: Crypto-Sec

Scammers pretended to be police and demanded BTC for missing court dates, while an attacker minted a huge number of SUN tokens and dumped them.

Some residents of the state of Colorado in the United States have fallen victim to a new police impersonation scam.

According to an Oct. 31 report from local news site Summit Daily, a scammer called residents and claimed to be a representative of the local government. They told the victim that they had to pay a $10,000 fine for missing jury duty, which must be paid in Bitcoin.

In response, the victim transferred $6,000 of Bitcoin (BTC), but the real authorities stopped the victim from transferring the remaining $4,000, saving it from the attacker’s hands.

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Police Seize $225,000 From 70-Year-Old Man Despite No Crime Committed, Triggering Years-Long Lawsuit: Report

Police Seize 5,000 From 70-Year-Old Man Despite No Crime Committed, Triggering Years-Long Lawsuit: Report

A Mississippi trucker is reportedly fighting to get his life savings back after police seized it during a traffic stop. In September of 2020, Rae Young Chung was in his truck delivering auto parts to a business in Georgia when he was pulled over by a narcotics officer. According to court documents, Chung was pulled […]

The post Police Seize $225,000 From 70-Year-Old Man Despite No Crime Committed, Triggering Years-Long Lawsuit: Report appeared first on The Daily Hodl.

Is It Too Late to Buy Bitcoin? Robert Kiyosaki Says No—Warns of Looming Financial Crash

Hong Kong’s Fraud Empire Collapses: How Triads, AI, and Fake Love Fuel Massive Crypto Heist

Hong Kong’s Fraud Empire Collapses: How Triads, AI, and Fake Love Fuel Massive Crypto HeistHong Kong police have dismantled a notorious fraud syndicate responsible for defrauding victims of HK$360 million using romance scams tied to fake cryptocurrency platforms. Arresting 27 individuals, some linked to triads, they revealed the sophisticated use of deepfake technology and digital media expertise to deceive victims across Asia. Massive Fraud Syndicate Busted: Deepfake Romance Scams, […]

Is It Too Late to Buy Bitcoin? Robert Kiyosaki Says No—Warns of Looming Financial Crash

Maryland Police Warn Gmail Users of Phishing Scam Demanding Bitcoin

Maryland Police Warn Gmail Users of Phishing Scam Demanding BitcoinMaryland State Police have warned of a scam targeting Gmail users, using phishing tactics to extort money through unsettling threats. Scammers are sending victims emails with Google Maps photos of their homes and demanding bitcoin payments, falsely claiming they possess incriminating evidence. The police are investigating, urging caution and providing resources for reporting these incidents. […]

Is It Too Late to Buy Bitcoin? Robert Kiyosaki Says No—Warns of Looming Financial Crash

Police Warn of Bitcoin Scam Threatening to Expose Private Information

Police Warn of Bitcoin Scam Threatening to Expose Private InformationHillsborough and Campbell, California, residents have been alerted to a new email scam, according to local police departments. Scammers are sending emails containing personal details and photos of victims’ homes, threatening to release private information unless they pay $2,000 in bitcoin. The email warns recipients to pay “confidentiality charges” or risk having personal footage shared […]

Is It Too Late to Buy Bitcoin? Robert Kiyosaki Says No—Warns of Looming Financial Crash

Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months

Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 MonthsSouth Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […]

Is It Too Late to Buy Bitcoin? Robert Kiyosaki Says No—Warns of Looming Financial Crash

How DePin Networks can decentralize law enforcement

Everything from radar arrays to acoustic networks that triangulate active shooters can be decentralized and community-owned.

A new report from venture capital firm Zee Prime Capital highlighted the decentralized physical infrastructure networks (DePin) can potentially transform law enforcement from a collection of centralized structures monopolized by the state to community-based enterprises that maximize transparency. 

Decentralized security (DeSec) is a nascent subsector of distributed infrastructure that involves building distributed surveillance and law enforcement architecture, like ballistic triangulation systems, radar arrays, and community patrol decentralized autonomous organizations (DAOs).

According to an article from Luffistotle, a writer at Zee Prime, blockchain and decentralized architecture can excel in these areas because of the tendency to build security redundancies in these systems.

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Is It Too Late to Buy Bitcoin? Robert Kiyosaki Says No—Warns of Looming Financial Crash

Interpol Disrupts Scam Networks: 6,745 Bank Accounts Frozen, $2M Crypto Seized, 3,950 Arrested

Interpol Disrupts Scam Networks: 6,745 Bank Accounts Frozen, M Crypto Seized, 3,950 ArrestedInterpol’s Operation First Light, a global initiative involving 61 countries, has disrupted online scam networks by freezing 6,745 bank accounts and seizing assets worth $257 million, including $2 million in cryptocurrency. The operation targeted phishing, investment fraud, fake online shopping sites, romance, and impersonation scams, leading to the arrest of 3,950 suspects and identifying 14,643 […]

Is It Too Late to Buy Bitcoin? Robert Kiyosaki Says No—Warns of Looming Financial Crash

Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime

Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked CrimeThe Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost $550 million was involved in digital asset crimes during 2023, with 90% of these cases involving […]

Is It Too Late to Buy Bitcoin? Robert Kiyosaki Says No—Warns of Looming Financial Crash