FBI Saves 4,300 Crypto Victims, Stopping $285M in Devastating Losses

February 16, 2025 Bitcoin.com

FBI Saves 4,300 Crypto Victims, Stopping 5M in Devastating Losses

bitcoin.com

The FBI’s Operation Level Up has saved over 4,300 potential victims from losing $285 million to cryptocurrency scams, preventing life-altering financial losses and exposing fraudulent platforms. Operation Level Up: Inside the FBI’s Mission to Protect 4,300 From Crypto Fraud The FBI announced on Feb. 13 that Operation Level Up has successfully prevented victims from losing […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse ,000, and Bank of America Customer Battles False Report of His Demise

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Pig Butchering Just Got Smarter: 40% Surge Shows Scammers Moving Faster and Hitting Harder

February 15, 2025 Bitcoin.com

bitcoin.com

Pig butchering scams exploded in 2024, with fraudsters stealing billions through AI-driven deepfakes and rapid-fire scams, overwhelming victims and outpacing law enforcement crackdowns worldwide. Pig Butchering Scams Surge as AI Fuels New Fraud Tactics Blockchain intelligence firm Chainalysis released a report on Feb. 13 detailing the rapid growth of pig butchering scams in 2024. These […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Florida Man Ordered To Pay $7,600,000 in Restitution After Promoting Supposed ‘Gold-Backed’ Cryptocurrency Scam

February 12, 2025 The Daily Hodl

Florida Man Ordered To Pay ,600,000 in Restitution After Promoting Supposed ‘Gold-Backed’ Cryptocurrency Scam

Crypto Scams

A federal court has ordered a Florida resident who operated a digital asset fraud scheme years ago to pay millions of dollars in restitution, according to the U.S. Commodity Futures Trading Commission (CFTC). The CFTC says that the U.S. District Court for the District of Massachusetts has imposed a consent order on Randall Crater, requiring […]

The post Florida Man Ordered To Pay $7,600,000 in Restitution After Promoting Supposed ‘Gold-Backed’ Cryptocurrency Scam appeared first on The Daily Hodl.

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

FBI Warns: Valentine’s Day to Bring a Surge in Crypto Fraud—Don’t Get Trapped

February 8, 2025 Bitcoin.com

bitcoin.com

The FBI warns that scammers are exploiting Valentine’s Day to lure victims into fraudulent cryptocurrency investments, using fake identities and deceptive websites to steal funds. FBI Alert: Crypto Con Artists Are Using Valentine’s Day to Lure in Victims The FBI Philadelphia Field Office is warning the public about a rising trend in crypto-related scams, particularly […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Social Engineering Scams Costing Coinbase Users $300,000,000+ per Year: On-Chain Analyst

February 5, 2025 The Daily Hodl

coinbase

A pseudonymous on-chain investigator is saying that Coinbase users lose millions of dollars annually to social engineering scams on the crypto exchange. The on-chain sleuth pseudonymously known as ZachXBT tells his 755,200 followers on the social media platform X that users of Coinbase are losing more than $300 million annually to social engineering scams. According […]

The post Social Engineering Scams Costing Coinbase Users $300,000,000+ per Year: On-Chain Analyst appeared first on The Daily Hodl.

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Scammer Drains $109,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant

January 26, 2025 The Daily Hodl

bank

The elderly are being disproportionately targeted by scammers and con artists while facing little to no protection. 91-year-old Loris Sinanian from Blairsville, Georgia has reportedly lost over six figures after being conned by someone posing as an old friend who wanted to repay a $100 debt, Atlanta News First reports. After establishing contact with Sinanian, […]

The post Scammer Drains $109,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant appeared first on The Daily Hodl.

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic

January 15, 2025 Coin Telegraph

Coin Telegraph

The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.

Huione Guarantee, which has been labeled as “the largest online illicit marketplace to have ever operated” by crypto compliance firm Elliptic, has grown its monthly inflows by 51% in just half a year — boosted by its own USD stablecoin launch in September.

“Our analysis shows that Huione Guarantee’s growth is accelerating, with over $24 billion in transactions to date,” reported Elliptic on Jan. 14.

In July, Elliptic alleged that Huione Guarantee operated an online marketplace with a substantial portion linked to money laundering and cyber scams.

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Losses From Crypto Hacks and Scams Soar in 2024, Exceeding $3,010,000,000: Blockchain Security Firm

January 10, 2025 The Daily Hodl

crypto

Losses from crypto hacks and scams surged in 2024, according to the blockchain security firm PeckShield. The firm says the total value loss in the crypto sector last year exceeded $3.01 billion, a 15% increase from the 2023 total. That number includes $2.15 billion stolen in hacks and $834.5 million purloined via scams. PeckShield also […]

The post Losses From Crypto Hacks and Scams Soar in 2024, Exceeding $3,010,000,000: Blockchain Security Firm appeared first on The Daily Hodl.

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

CFPB proposes crypto firms refund users for funds lost to hacks

January 10, 2025 Coin Telegraph

Banking

A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”

The US Consumer Financial Protection Bureau (CFPB) has proposed a rule that could require crypto asset service providers to reimburse users for funds stolen through illicit activities, including hacks.

In a Jan. 10 notice, the CFPB proposed a rule that could allow accounts or wallets using “emerging payment mechanisms” set up for personal use to be subject to similar protections as fiat bank accounts.

The US regulator suggested that the same rights that “guard against error and fraud” under the Electronic Fund Transfer Act (EFTA) could protect consumers transacting in stablecoins or “any other similarly-situated fungible assets that either operate as a medium of exchange or as a means of paying for goods or services.”

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Fake OKX plugins found on the Firefox browser store

January 8, 2025 Coin Telegraph

Coin Telegraph

According to cybersecurity firm CertiK, the number of crypto hacks and exploits rose to 303 incidents in 2024, up from 282 in 2023.

Crypto exchange OKX has warned users of fraudulent OKX browser extension that have appeared on the Firefox browser plugin store. Extensions integrate third-party functionality within a web browser interface.

According to OKX, the company has not released any Firefox browser plugins and has advised users who mistakenly downloaded the plugin to transfer any funds in wallets connected to the fraudulent extension.

OKX contacted Firefox to remove the applications and reminded users never to download OKX-specific software from third parties.

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

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