A Pennsylvania man, Ed Hayduk, found himself caught in a cryptocurrency scam after mistakenly replying to a text meant for someone else. Engaging in friendly chats, he was convinced to invest a total of $50,000, lured by fake high-return promises. Unfortunately, the scammer vanished, highlighting a growing trend in crypto-related investment fraud. According to the ...
The Whitfield County Sheriff’s Office (WCSO) is raising awareness about potential scams occurring at cryptocurrency ATMs. In a recent Facebook post, they highlighted how scammers target these machines to trick victims into sending money to their wallets. These calls usually involve someone pretending to be in a position of authority, urging victims to conduct transactions ...
The Whitfield County Sheriff’s Office is raising awareness about scams related to cryptocurrency ATMs. According to a recent Facebook post, these machines are being targeted by scammers who provide victims with instructions to make transactions, leading them to unknowingly send money to the scammers’ wallets. The WCSO highlights that transactions made this way are challenging ...
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 ...
INTERPOL is advocating for a shift in terminology regarding online scams, urging the use of “romance baiting” instead of the term “pig butchering.” This change aims to reduce the dehumanization of victims, encouraging them to seek help rather than feeling ashamed. Romance baiting refers to scams where victims are manipulated into investing in fake cryptocurrency ...
