Scammers are increasingly using cryptocurrency because it’s fast and hard to track. However, the Scottsdale Police Department has set up a special unit to combat these crimes. ABC15 recently took a closer look at this crypto crimes unit, which aims to catch scammers and prevent future incidents. For instance, they helped apprehend a fraudster who ...
In 2024, investment scams, especially involving cryptocurrency, were identified as the riskiest scams, with a staggering 80% of victims reporting financial losses. A new report from the Better Business Bureau reveals that these scams often begin with scammers building trust through financial grooming techniques. Romance scams have also surged, now ranking as the third most ...
In Beaufort County, an older couple fell victim to a scam that drained their $320,000 savings. It started with a phone call from someone pretending to be an FBI agent, warning that their bank account was compromised and urging them to transfer money to a cryptocurrency account. Over several months, they made 22 deposits through ...
The FBI’s Operation Level Up aims to combat cryptocurrency investment fraud by proactively reaching out to victims. Scammers often build fake relationships online, leading to devastating financial losses. Many victims, unaware they are being scammed, were saved from significant financial harm after the FBI intervened, recovering an estimated $285 million since January 2025. The initiative ...
The FBI’s Operation Level Up aims to combat cryptocurrency investment fraud by proactively identifying and alerting victims of scams. Many people fall for fraudulent online relationships that lead to fake investment opportunities, risking their life savings and assets. The FBI’s initiative has successfully contacted over 4,300 potential victims, saving an estimated $285 million. They emphasize ...
Hampton police are addressing a rise in cryptocurrency scams that have cost local residents over $2 million in losses over the past two years. During a recent forum, authorities expressed concerns about the sophistication and organization of these scammers. Detective Chris Keyser urged everyone to be cautious, especially if approached by unfamiliar individuals asking for ...
Cybersecurity experts have raised alarms about a campaign called GitVenom, which is preying on gamers and cryptocurrency enthusiasts by disguising malicious projects as legitimate open-source software on GitHub. This ongoing threat, active for over two years, involves hundreds of fake project repositories designed to steal personal and banking information, including hijacking cryptocurrency wallet addresses. Notably, ...
In 2023, Chinese police issued an official warning about the Pi Network, labeling it a scam that specifically targets elderly individuals. Users, lured by promises of free tokens, were tricked into sharing personal information and financial details. The Wuxi police reported that victims often gathered under false pretenses to invest, only to find themselves defrauded. ...
Recent reports reveal that online fraudsters have scammed Hong Kong residents out of over HK$200 million in just one week, with a case involving a merchant losing HK$145 million. The victim thought they were purchasing cryptocurrency mining equipment from a legitimate company through WhatsApp but was deceived by scammers using AI to imitate the company’s ...
Online scams are on the rise in Hong Kong, with fraudsters tricking residents out of over HK$200 million recently. One merchant lost HK$145 million while trying to buy cryptocurrency mining equipment after being misled by a fake WhatsApp account that used AI to mimic a voice. Police are warning the public about increasing investment scams ...
