1. Home
  2. warnings

warnings

FTC Warns: Social Media Investment Scams on the Rise

FTC Warns: Social Media Investment Scams on the RiseThe U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers that all investments carry inherent risks. FTC Issues Warning on Social Media […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Washington State Regulator Warns Investors of Pig Butchering Crypto Scheme

Washington State Regulator Warns Investors of Pig Butchering Crypto SchemeThe Washington State Department of Financial Institutions (DFI) issued a warning on Thursday after it received a complaint from a Washington investor about Fameex, now offline. The investor, a real estate agent, met scammer “Jackson Qie” via an unsolicited text. Qie convinced him to invest over $113,000 in ether (ETH) and tether (USDT) on Fameex. […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Report: Only 5.3% of Spanish Crypto Investors Have Received a Warning to Declare Income Taxes

Report: Only 5.3% of Spanish Crypto Investors Have Received a Warning to Declare Income TaxesOnly 5.3% of Spanish crypto investors have received a warning to declare income taxes, according to a report in local media. If accurate, this would mean that only 233,000 investors, a minuscule portion of the estimated 4.4 million Spanish citizens that have delved into the crypto world with investment ideas in mind, were contacted by […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists

Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia InsistsThe spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as the government prepares to regulate the Russian crypto space. Central Bank of Russia Issues Warnings […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule

Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel RuleBinance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. The exchange would be among the first wave of exchanges implementing this automatic Travel Rule compliance system. Binance Implements Ciphertrace’s […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

South Koreans File Online Petitions Seeking to Remove a Chief Regulator After Harsh Crypto Comments

South Koreans File Online Petitions Seeking to Remove a Chief Regulator After Harsh Crypto CommentsAs the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities. Over the weekend, petitions started to appear on the web, seeking the removal of the head of the country’s Financial Services Commission (FSC). Over 141,000 Signatures Collected in One Petition […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets