In 2023, Americans aged 60 and older faced a staggering loss of over $1.6 billion due to cryptocurrency scams, according to the FBI. This statistic highlights the growing risk for older adults, as digital currency scams accounted for thousands of complaints. To protect retirement savings, it’s crucial to recognize these scams and seek advice from ...
The Secretary of State, Michael Watson, is alerting residents of Mississippi about a rise in investment scams. Criminals are trying various tactics to trick people into losing money, particularly through affinity fraud, gift card schemes, and cryptocurrency scams. Watson emphasizes the need for vigilance, listing warning signs such as unexpected messages from unknown numbers, building ...
AARP Nebraska is supporting a crucial bill, LB609, which will be discussed in a legislative hearing on February 3. This bill aims to protect residents from scams involving cryptocurrency kiosks and gift cards by enforcing regulations on these digital currency ATMs. Introduced by State Senator Eliot Bostar, LB609 proposes licensing operators, setting daily transaction limits, ...
Cryptocurrency scams are becoming more frequent, with criminals exploiting unsuspecting individuals through tactics such as romance scams. Experts warn that these scams often involve fake dating profiles, where victims are lured into investing in seemingly legitimate cryptocurrency exchanges. Despite the digital currency’s appeal, the security surrounding it is not enough to prevent fraud. Research shows ...
Cryptocurrency scams are increasingly targeting individuals, often combining romance with false promises of easy profits. Experts warn that the decentralized nature of cryptocurrencies like Bitcoin makes them appealing to criminals, allowing scams to flourish. A significant rise in fraud cases has been observed, with one in three Americans reportedly falling victim to some form of ...
North Dakota lawmakers are discussing House Bill 1447, which aims to protect residents from cryptocurrency scams as the number of fraud reports rises. The bill proposes new regulations for crypto kiosks, including daily withdrawal limits of $1,000, fraud warnings, and fee caps of $5 or 3% of the transaction, whichever is higher. Supporters argue these ...
Bitcoin ATMs are becoming more common in places like gas stations and grocery stores, with nearly 4,000 in Texas today, up from about 1,000 five years ago. While these machines provide an easy way to buy cryptocurrency, they also attract scams. The FBI reports that losses from Bitcoin ATM scams have surged to $114 million ...
Cold Wallet is an exciting heist thriller that flips the traditional narrative by focusing on revenge instead of a big payday. After falling victim to a cryptocurrency scam, a group of Redditors bands together to kidnap the scam’s mastermind, hoping to reclaim their lost fortunes. However, their plan quickly spirals out of control as they ...
HuiOne Guarantee, a Telegram-based online marketplace, has emerged as the largest illicit marketplace in history, amassing over $24 billion in cryptocurrency since its inception in 2021. Known for facilitating scams, money laundering, and even offering services for human trafficking, it eclipses the defunct Hydra marketplace’s total transactions. The marketplace has seen a 51% rise in ...
Lori Fulbright from News On 6 emphasizes the growing problem of cryptocurrency scams. She alerts viewers about various fraudulent tactics, such as scammers posing as investment managers with alluring promises of high returns, and others using fake celebrity endorsements or romantic claims to gain trust. Many victims find themselves unable to retrieve their funds, as ...
