Trump's push to make the US the "crypto capital" has Australian regulators worried. They fear that if the US eases up on crypto rules, scammers might have a field day. In 2023, Australians lost over $1. 3 billion to investment scams, with crypto playing a big part. The Australian Competition and Consumer Commission (ACCC) is sounding the alarm, warning of potential "...
In a wealthy community in South Carolina, seniors are finding themselves in the crosshairs of a new type of scam. The targets are often retired individuals who have saved up a significant amount of money over the years. The scammers are using a classic trick, pretending to be law enforcement officers. They call their victims and claim that they have missed jury duty ...
In 2024, the world of cryptocurrency saw a troubling surge in scams. Cybercriminals are getting smarter and more organized, using artificial intelligence to their advantage. These scams are becoming more sophisticated and widespread. Blockchain research firm Chainalysis reported that crypto wallets linked to scams received a staggering $9. 9 billion in cryptocurrency...
Ivanka Trump has spoken out against a fraudulent cryptocurrency using her name, "IVANKA. " She clarified her stance on social media, emphasizing that she has no involvement with this coin. This scam coin, she explained, poses a risk to consumers and could lead to financial loss. She found the use of her name and image without permission to be unacceptable and a viola...
For several months, popular fighting game YouTubers have been targets of clever crypto scams. Even the most careful ones have fallen for these tricks. Here's how it works: Scammers take over verified accounts on X (formerly Twitter) and pretend to be marketing managers from real brands. They make these accounts look real by linking to actual brand websites and sharin...
As cryptocurrency becomes more popular, so do crypto influencers sharing investment tips. But are their recommendations worth following? According to a new study, not really. While their tweets might grab attention and initially boost crypto prices, the hype doesn't last long. Prices often drop soon after, suggesting that these influencers might be involved in pump a...
Cryptocurrencies have been a big thing since Bitcoin came on the scene in 2009. Now, there are over 20,000 cryptos out there. But with this growth comes trouble – crypto scams are on the rise. The FBI says these scams went up by more than 50% between 2022 and 2023, reaching almost $4 billion in losses! And now, there's a new kind of scam to watch out for. Scamme...
The rise of cryptocurrency has also led to an increase in crypto scams, with scammers using social media platforms to infiltrate people's lives and steal their money. In 2023, the Federal Trade Commission reported that crypto scams lost Americans $1.41 billion over 47,537 fraud reports. This trend is alarming, and it's crucial to understand how to protect ourselves f...
The world of cryptocurrency is known for its unpredictability, but the latest developments involving Donald Trump's family take the cake. In a shocking turn of events, two Trump family members, Lara and Tiffany, had their Twitter accounts hacked, resulting in them posting links to scam crypto websites. But is this the first instance of the Trumps getting entangled in...
The FBI has released a report highlighting the alarming increase in crypto-investment scams, with Americans losing a staggering $5.6 billion in 2023. For the first six months of 2024, the agency received over 18,000 complaints, resulting in losses of more than $1.9 billion. The scammers' tactics are designed to build trust and confidence, often targeting the elderly ...