In 2023, Louisiana residents lost a staggering $32 million to cryptocurrency scams, and authorities fear losses may rise this year. The FBI reports that crypto scams have surged dramatically, from around $1.75 billion to $5.75 billion over three years. Scammers exploit digital currencies like Bitcoin, often using kiosks to trick victims, particularly the elderly, into ...
In 2023, Louisiana residents lost $32 million to cryptocurrency scams, with warnings that 2024 could see even higher losses. The FBI reports a significant rise in these scams, escalating from $1.75 billion to $5.75 billion over three years. Con artists are using cryptocurrencies like Bitcoin to quickly transfer stolen money overseas, making recovery difficult. The ...
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The Brooklyn District Attorney’s Office is actively fighting cryptocurrency scams, particularly aiming to protect the Russian-speaking community in Brooklyn. After identifying over 1,200 victims, the office dismantled a fraudulent network by seizing mail servers from scammers, which led to alerts being sent to individuals potentially affected. Many victims were tricked into investing through deceptive ads ...
The U.S. Attorney’s Office of Idaho has issued a public service announcement warning residents about a growing cryptocurrency investment scam, particularly during the holiday season. This initiative is part of a campaign called “Don’t Click December,” launched by the U.S. Attorney, the FBI, and local law enforcement agencies. The campaign highlights the dangerous “pig butchering” ...
The Yavapai County Sheriff’s Office has started putting up signs on cryptocurrency machines to warn people about potential scams. Arizona Attorney General Kris Mayes reached out to local business owners on November 13, asking for their help in combating this issue, as many residents—especially older adults—have lost significant amounts of money to scams over the ...
