Crypto scammers orchestrate massive hack on X but barely made $8K

September 19, 2024 Coin Telegraph

Crypto scammers orchestrate massive hack on X but barely made K

The scammers breached countless X accounts to shill the memecoin, but they didn’t even make enough to buy a Toyota Corolla.

An unknown group of crypto scammers has seemingly missed their payday after hacking their way into several high-profile social media accounts on Sept. 18 — only to end up with a few thousand bucks.

On Sept. 18, blockchain sleuth “ZachXBT” alerted the crypto community that several “large accounts on X” were compromised, all posting a Solana memecoin called HACKED.

Some of the infiltrated accounts included Lenovo India, Yahoo News UK, MoneyControl, Oliver Stone, People, and Krystal DeFi.

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CFTC Teams up With SEC to Fight Cryptocurrency Scams

September 14, 2024 Bitcoin.com

awareness

The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

US Treasury Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links

September 13, 2024 Bitcoin.com

bitcoin.com

The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam centers, and trafficked workers were forced into labor for these schemes. The sanctions freeze U.S.-based assets and prohibit transactions, […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Trump to launch World Liberty Financial crypto platform on Sept. 16

September 13, 2024 Coin Telegraph

Aave

In a video posted on X, Donald Trump announced that his World Liberty Financial crypto project would launch on Sept. 16.

Donald Trump’s crypto project World Liberty Financial will launch on Sept. 16, the former President and Republican presidential bidder announced.

In a Sept. 12 video posted on X, Trump said he would go live on the platform to launch the project controlled by his sons, Donald Jr. and Eric Trump.

“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” he said.

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

FBI Says Scams Targeting Crypto Users Skyrocketing in Severity and Complexity After $5,600,000,000 Lost in 2023

September 11, 2024 The Daily Hodl

FBI Says Scams Targeting Crypto Users Skyrocketing in Severity and Complexity After ,600,000,000 Lost in 2023

Crypto Scams

The U.S. Federal Bureau of Investigation (FBI) is detailing the rising scale and complexity of cryptocurrency fraud schemes. In its newly released Cryptocurrency Fraud Report for 2023, the FBI says its Internet Crime Complaint Center received 69,468 complaints involving crypto assets last year. According to the FBI, the reported losses amounted to more than $5.6 […]

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket

September 6, 2024 Bitcoin.com

atm fraud

The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Banking Giant Says Tens of Thousands of Customers Are Spending Millions on Products That Never Arrive: Report

September 1, 2024 The Daily Hodl

Bank Fraud

Lloyds Bank says tens of thousands of customers in the UK are falling for fake websites while shopping. The bank says credit and debit card customers have been fooled into buying items that never arrive, pouring a total of $8 million (£6 million) into the hands of scammers in the last year alone, reports Yahoo […]

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Crypto ATMs surge 17X in Australia amid concerns over use by bad actors

August 30, 2024 Coin Telegraph

ATM

The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime.

Australia has seen the number of new crypto ATMs swell by 17 times in the past two years, making it one of the world’s fastest-growing markets for the kiosks, despite rising concerns over their use by malicious actors.

The country is now the world’s third-largest market for crypto ATMs with 1,162 machines — up from just 67 in August 2022, data from Coin ATM Radar shows.

This means that 160 ATMs have been added since the end of April, when Australia just crossed the milestone of having over 1,000 active machines in operation.

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Australian Regulator Issues Warning on Rise of Online Crypto Scams

August 20, 2024 The Daily Hodl

Australia

The Australian Securities and Investment Commission (ASIC) is warning about widespread online investment scams, including those involving cryptocurrencies. In a new announcement, the ASIC says it is constantly shutting down malicious websites that are targeting Australians through various means and trying to make off with their funds. “Since July 2023, ASIC has coordinated the removal […]

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud

August 19, 2024 Bitcoin.com

Binance

The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses. A retired New Hampshire resident, persuaded via Facebook to invest $3,526 in cryptocurrency with Finstate, […]

Scams

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