The Waterford Police Department is taking action against cryptocurrency-ATM scams by launching a new alert program to protect potential victims. Police Chief Scott Underwood describes this initiative as a community-focused effort, with warnings now displayed next to 19 crypto-ATMs across the township. The alerts aim to inform residents of threats from scammers who falsely claim ...
Hackers recently hijacked Labour MP Lucy Powell’s X social media account to promote a fake House of Commons cryptocurrency, dubbed the “$HOC” coin. Posts from her account claimed this “official crypto” was live and touted as a community-driven digital currency. Although the misleading posts were quickly deleted, this incident highlights the rising risk of cryptocurrency ...
Cryptocurrency has attracted both innovation and scams, with 2023 seeing over 69,000 reports of fraud resulting in $5.6 billion in losses, a significant increase from the previous year. Fraudsters often use cryptocurrency for familiar scams, exploiting victims through sophisticated methods. Legal experts emphasize the challenges of recovery, as many scams involve untraceable digital wallets and ...
Ed Hayduk, a Pennsylvania resident, fell victim to a cryptocurrency scam that began with a misdirected text. After weeks of friendly conversation, he was persuaded to invest $50,000 based on fake profit statements. Then the scammer vanished. According to the FBI’s 2023 Cryptocurrency Fraud Report, crypto-related scams have led to staggering financial losses, nearing $5.6 ...
Elderly residents in Forest Lake have fallen victim to cryptocurrency scams, losing nearly $1 million. Scammers lured one man into withdrawing cash from his bank and depositing it into a cryptocurrency ATM, leaving him with almost no chance of recovering his funds. Local police have reported multiple victims, particularly among seniors. In response, the Forest ...
A Pennsylvania man, Ed Hayduk, fell victim to a cryptocurrency scam after responding to a wrong text message, ultimately losing $50,000 to a con artist who vanished after gaining his trust. This incident reflects a troubling rise in cryptocurrency investment fraud, which accounted for nearly half of all financial losses reported to the FBI in ...
In a troubling case highlighting rising cryptocurrency scams, Pennsylvania resident Ed Hayduk lost $50,000 after engaging in what he thought were friendly messages about investing in a crypto wallet. After seeing fake statements showing substantial returns, he was eventually left with nothing when the sender vanished. According to the FBI’s latest report, cryptocurrency-related fraud accounts ...
Maryland is looking to regulate over 700 cryptocurrency kiosks in response to growing scams, following a report of 4,400 complaints across the country with losses exceeding $150 million. The proposed law would require kiosk operators to register, disclose transaction fees, and provide detailed receipts. This move is aimed at increasing transparency and accountability, as these ...
Billboard warns the public about a cryptocurrency scam misusing its name and trademark. These fraudulent operations are not linked to Billboard and promise music promotion in exchange for payment, often targeting smaller artists. If you’ve been deceived, it’s advised to report the scam to the Internet Crime Complaint Center. Billboard emphasizes that it never solicits ...
North Korean hackers, linked to the notorious Lazarus Group, are using a new strategy called ClickFix to target job seekers in the cryptocurrency industry. This tactic involves creating fake job interviews to deliver a new form of malware known as GolangGhost on Windows and macOS systems. The campaign, dubbed ClickFake Interview, primarily impersonates major financial ...
