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
The FBI's latest report highlights a startling 45% increase in crypto-related fraud in 2023, with victims reporting losses totaling over $5.6 billion. This surge is largely driven by a jump in investment scams, with nearly $4 billion in losses reported compared to $2.57 billion in 2022. The report u
The FBI's recent Cryptocurrency Fraud Report for 2023 has sent shockwaves through the crypto community, revealing a staggering $5.6 billion in losses due to fraudulent schemes – a 45% increase from the previous year. While only 10% of the complaints received by the Internet Crime Complaint Center (I
The CEO of Coinbase Global, Brian Armstrong, recently emphasized the need for clear regulation in the crypto universe. He believes that such legislation would provide a level playing field, subsequently attracting a massive influx of capital into the crypto space. Armstrong's assertion is that the U
The FBI's 2023 Cryptocurrency Fraud Report reveals a staggering $5.6 billion in reported losses to cryptocurrency scams, with older Americans bearing the brunt of the damage. The majority of these scams, a whopping 53% increase from 2022, are pig butchering scams, where fraudsters build fake relatio
The Stand With Crypto Alliance, backed by Coinbase, is on a mission to get presidential candidates talking about cryptocurrencies. The group's bus tour through five battleground states kicked off in Phoenix and Las Vegas, with a goal of registering voters and getting elected officials to support the
In a surprise move, Flowcarbon, a climate tech startup founded by Adam Neumann, has been issuing refunds to investors who purchased its "Goddess Nature Token" – a move that raises questions about the viability of carbon credits and the blockchain's role in the climate market. Flowcarbon, which secur
In the world of cryptocurrency, the stakes are always high, and the market is always watching for any signs of turbulence. But when Vice President Kamala Harris delivered a strong performance in the recent presidential debate, it sent shockwaves through the crypto community. The market reacted swift
The FBI has issued a stark warning: fraudsters have swindled Americans out of a staggering $5.6 billion in the last year alone, with investment fraud being the top culprit. But what's behind these mind-boggling losses, and how can you protect yourself from falling prey to these scammers? The FBI re
As Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, awaits her sentencing, her lawyers are pushing for a lenient punishment. In a recent court filing, they argue that Ellison should receive no prison time for her role in the crypto empire's implosion. But is th
