Police Issue Warning Against ‘Grandparent Scam’ After Elderly Man Loses $9,500 To Thief Posing As His Grandson: Report

November 23, 2024 The Daily Hodl

Police Issue Warning Against ‘Grandparent Scam’ After Elderly Man Loses ,500 To Thief Posing As His Grandson: Report

Daily Hodl

Law enforcement officers are sounding the alarm over a scam designed to drain the life savings of elderly victims. Pennsylvania police say an 86-year-old resident lost $9,500 to a person pretending to be his grandson, reports The Times-Tribune. Joseph Burke says he received calls from a person claiming to be his direct descendant, saying that […]

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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Crypto needs to increase defenses against 654% spike in deepfake scams

October 29, 2024 Coin Telegraph

Deepfake scams are everywhere, and detecting them with the naked eye is fast becoming impossible. Awareness and education need to be improved.

Opinion by Ilya Brovin, chief growth officer at Sumsub. Ilya is an expert in crypto operations and regulations worldwide and has over 20 years of experience in finance and private quality. He holds a degree in economics and finance and an MBA from Harvard Business School.

Between 2016’s Bitfinex hack, 2018’s Coincheck hack and other controversial incidents in recent years, the crypto industry has faced significant reputational challenges.

In 2024, a new threat emerged: crypto scams featuring celebrity “deepfakes” — highly convincing images of people appearing genuine but who are not. These scams use realistic deepfake images and videos of famous personalities to deceive crypto enthusiasts, leveraging this technology to exploit the unsuspecting, perpetrate fraud and confuse less tech-savvy individuals.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

2,500,000,000 Gmail Users Targeted in Viral AI Hack That Tricks Users Into Accepting ‘Security Alert’: Report

October 26, 2024 The Daily Hodl

A sophisticated new artificial intelligence (AI)-powered scam is targeting billions of users on the world’s largest email service. Microsoft security expert Sam Mitrovic writes in a new blog post about a “super realistic AI scam call” that mimics American-sounding voices to trick Gmail users into giving up their login credentials. The scam works by sending […]

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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bad Actors Selling Deepfake Tool To Bypass Crypto Exchange Security Protocols, According to Cybersecurity Firm

October 13, 2024 The Daily Hodl

Daily Hodl

A network security firm is warning that criminals have developed an artificial intelligence (AI) tool that targets crypto exchange platforms. In a new report, Cato Networks says bad actors are selling a deepfake tool in underground markets that allows users to bypass a crypto exchange’s identity authentication tests. According to the firm, users rely on […]

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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Inside pig butchering scams: Crypto victims share their stories

October 8, 2024 Coin Telegraph

Coin Telegraph

The latest Cointelegraph video explores one of the most dangerous crypto scams, “pig butchering,” by sharing some of the victims’ real stories.

Replying to a stranger’s message online could be the first step toward losing most of your life savings in a “pig butchering scam,” one of the most widespread types of scams involving cryptocurrencies and conventional fiat money.

More than $75 billion was stolen worldwide through this type of scam, according to a recent University of Texas at Austin study.

In our latest video, we dive into this alarming trend, sharing the real-life stories of Daniel and Jose, two individuals who were targeted by scammers and suffered significant financial losses that left lasting impacts on their lives.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Revolut prevents $13.5M of ‘potential fraud transactions’ in crypto

October 8, 2024 Coin Telegraph

Revolut prevents .5M of ‘potential fraud transactions’ in crypto

Bitcoin

Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”

Cryptocurrency-friendly neobank Revolut said it has prevented millions of dollars in potential customer losses from fraudulent crypto transfers over the past three months

Revolut said on Oct. 7 that it blocked up to $13.5 million worth of “potentially fraudulent crypto transfers” between June 1 and Sept. 1, 2024, according to an announcement sent to Cointelegraph.

“The company’s proactive approach has seen it significantly enhance its crypto-specific security measures recently, which has led to an increase in the amount of potential fraud it has prevented,” Revolut said.

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

SEC Flags Risks in Crypto and Emerging Tech Investment Scams

October 8, 2024 Bitcoin.com

The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors are struggling to find reliable advice. The agency is focusing on scams involving cryptocurrencies, financial grooming, […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Dutch Regulator Warns of Crypto Pump-and-Dump, New Regulation to Ban These Schemes

September 30, 2024 Bitcoin.com

AFM

The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. AFM Sounds Alarm on Crypto Pump-and-Dump Schemes The […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

FBI Seizes More Than $6,000,000 in Crypto From Southeast Asian Scammers Preying on US Citizens

September 29, 2024 The Daily Hodl

crypto

The Federal Bureau of Investigation (FBI) has seized millions of dollars worth of crypto assets from entities in Southeast Asia that allegedly targeted US citizens. In a new announcement on the social media platform X, the FBI says that they’ve seized $6 million worth of digital assets from Southeast Asian scammers who prey on people […]

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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

JPMorgan Chase Accused of Refusing To Reimburse Customers, Failing To Terminate Scammer’s Accounts Amid Federal Probe: Report

September 28, 2024 The Daily Hodl

Bank of America

A federal investigation into banking giant JPMorgan Chase is targeting how the bank handles and protects potential victims of fraud, according to a new report. The Consumer Financial Protection Bureau (CFPB) is investigating whether the bank is properly reimbursing customers and effectively eliminating scammer’s bank accounts, reports CNBC, citing sources who requested anonymity while talking […]

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