MEXC, a big name in the world of cryptocurrency trading, has rolled out some serious upgrades to keep things fair and safe for everyone. They're going all out to stop scams, block sneaky bots, and make sure everyone plays by the rules. Let's talk scams first. MEXC has been on a mission to shut down fake accounts. In just two months, they caught and stopped over 17, ...
Scammers are now pretending to be lawyers to trick people who have already lost money in crypto scams. The FBI has issued a warning about these fake law firms that promise to help recover lost funds but instead steal more money. These scammers are clever. They contact victims out of the blue, claiming to be from real government agencies like the FBI or the Consumer ...
In today's world, technology is everywhere. It helps us stay connected and makes life easier. But it also brings new challenges, especially for older adults. Fraud and cybercrime are big problems. Seniors are often targeted because they may not be as familiar with the latest tech tricks. This puts them at risk. Many older adults rely on technology for daily tasks. T...
The future of DOGE might be unclear, but one thing is for sure: there are ways to tackle waste in Washington. There are already programs in place to fight fraud. These programs have been successful in recovering billions of dollars for the government. The IRS, SEC, and other agencies run these programs. They rely on whistleblowers to come forward with information. ...
The Social Security Administration (SSA) is rolling out stricter identity checks. This means millions of people will need to visit an SSA field office instead of handling things over the phone. Starting March 31st, verifying your identity over the phone will no longer be an option. If you can't verify your identity through the SSA's online system, you'll have to go i...
Imagine this: You walk into a gas station, and there's a shiny new machine promising quick crypto buys. Sounds convenient, right? Well, think again. These crypto ATMs have become hotspots for scams, with victims losing thousands in a single visit. The problem is so bad that Illinois Sen. Dick Durbin has proposed a new bill to put some serious limits on these machines...
If you're a California resident whose home or business was hit by wildfires, hold off on signing any paperwork right away. Insurance Commissioner Ricardo Lara warns that rushing into decisions can lead to missing out on full compensation. After ensuring safety and staying clear of affected areas, homeowners should take advantage of a three-day cooling-off period befo...
Online dating has become a big part of many people's lives, but it's also a playground for scammers. Last year, over 64, 000 Americans were tricked into giving away over $1 billion in romance scams. That's double the amount from just four years ago! A 66-year-old woman named Sue was one of these victims. She had saved $2 million for her retirement and was looking for...
Ever sent money using Zelle? You might want to hear this. The Consumer Financial Protection Bureau (CFPB) is suing the three biggest banks in the US. Why? They say these banks aren't doing enough to protect Zelle users from fraud. Zelle is a payment app that banks like JPMorgan, Bank of America, and Wells Fargo own together. Over the years, people have lost over $87...
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...