#Crypto Scams

Highlights: CFTC partners with federal and private agencies to fight pig butchering scams. The new infographic highlights scam tactics and offers protection tips for consumers. The rise in crypto scams costing billions prompts increased multi-agency fraud prevention efforts. According to […]

Highlights: Cryptocurrency fraud surged 45% in 2023, with losses totaling $5.6 billion. Senior victims lost more than $1.6 billion to crypto scams, while younger individuals faced losses totaling $168 million. FBI warns of rising scams involving crypto ATMs and fraudulent […]

Highlights: August’s phishing attacks led to a staggering $63 million loss, a 215% increase from July. A single incident on August 20 resulted in a $55 million loss due to a DeFi protocol hack. Despite fewer victims, the effectiveness of […]

Highlights: Australians have lost $122 million to crypto scams in the last 12 months, with most victims now under 50 years old. The AFP identifies pig butchering and deepfakes as primary tactics used by scammers to deceive victims. The AFP […]

Highlights: Since 2023, Australia’s ASIC has shut down 7,300 websites, including crypto investment scams. Australians lost $2.77 billion to scams over the past year. Chainalysis reports a 20% drop in global illicit blockchain activity in early 2024. In an Aug. […]

Highlights: HSBC blocks crypto payments to prevent scams, reflecting stricter regulations. DECA emphasizes the need for dialogue and fair regulations to balance crypto innovation and safety. Australia enhances crypto regulations, convicting BitConnect promoters and approving new products like Bitcoin ETFs. […]

North Carolina Attorney General (AG) Josh Stein issues a public warning about escalating BTC ATM scams in the state, advising residents to stay vigilant of fraudulent schemes. Josh highlighted cautions to avoid scams, including unsolicited requests for cryptocurrency payments, online […]