The U.S. Department of Justice has seized over $8.2 million in USDT cryptocurrency from scammers involved in “romance baiting” schemes. These scams, which previously used a term called “pig butchering,” trick victims into investing money on fake platforms by promising high returns. Once victims try to withdraw their funds, they face obstacles and realize they’ve ...
The FBI has accused North Korea’s Lazarus Group of stealing $1.5 billion in Ethereum from the cryptocurrency exchange Bybit. The agency released wallet addresses linked to the hackers to help track the stolen funds. The group, referred to as TraderTraitor by the FBI, has moved some assets into Bitcoin and other cryptocurrencies, complicating recovery efforts. ...
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 ...
In Houston, there’s a growing concern as more people are rushing to invest in cryptocurrencies, leading to an increase in scam cases, according to the FBI. With the allure of quick profits, unsuspecting individuals are falling victim to sophisticated schemes, prompting warnings from authorities. The FBI’s alert highlights the importance of being vigilant and conducting ...
