Articles for tag: cryptocurrency scam, Deepfake, Elon Musk, fraud prevention, Misinformation, Online Safety, viral video

Market News

Crypto Detective Recovers $550K from Scam Using Blockchain Analytics Techniques

Detective Scott Simons recounts a challenging case that began on September 10, 2024, when he received a distressing email about a victim scammed out of $551,000 in a cryptocurrency scheme. The scam unfolded through seemingly harmless social media interactions, where the scammer gained the victim’s trust before introducing a misleading cryptocurrency investment. As the investigation ...

Market News

Crypto Detective Recovers $550K from Scam Using Blockchain Analytics Techniques

Detective Scott Simons recounts a pivotal moment in his career when he was alerted to a $551,000 cryptocurrency scam. It all began with a victim who fell for a “pig butchering” scheme, where they were tricked into investing in a fake cryptocurrency after gaining trust through seemingly harmless social media interactions. As the investigation unfolded, ...

Market News

Wolcott Police Arrest NY Man for $60K Cryptocurrency Scam Victim’s Loss

A 28-year-old man from Flushing, NY, named Xiallong Wang, has been arrested in Wolcott, CT, for his involvement in a cryptocurrency scam that cost a victim $60,000. The scam involved a fake website called “BingX,” where the victim was lured into investing in gold through a fraudulent account. The police began their investigation after the ...

Market News

Six South Koreans Arrested in Major Cryptocurrency Scam and Larceny Investigation

In the Philippines, six South Korean nationals were arrested for their alleged involvement in a cryptocurrency investment scam that has swindled multiple victims out of nearly 2.9 million US dollars. The arrests took place during separate operations in Muntinlupa City, where authorities claimed the group was running a fraudulent scheme through a fake cryptocurrency website. ...

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