As cryptocurrency gains popularity in the U.S., the number of ATMs for transactions is rising, but this has also led to a spike in scams, particularly in Colorado. Unsuspecting victims are losing thousands after receiving fake calls and messages, often impersonating law enforcement. One individual lost $15,000 after being pressured to pay a bogus fine ...
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 ...
In 2024, scammers stole an alarming $494 million in cryptocurrency through wallet drainer attacks, impacting over 300,000 wallet addresses. This represents a 67% increase from 2023, with fewer victims but higher average amounts lost. Notably, large-scale thefts exceeded $1 million each, with the biggest hitting $55.4 million early in the year. Ethereum was the most ...
