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7. Crypto Ponzi: Mining or Staking Pool Scams. In the cryptocurrency space, Ponzi scams often target mining and staking pools, taking advantage of investors eager to engage with blockchain technology.
Unfortunately, scams involving crypto are all too common. In 2023, the FBI received more than 69,000 complaints of financial fraud that involved the use of cryptocurrency.
The Jersey Cyber Security Centre (JCSC) said the latest scams were designed to look like news articles that claimed the reader could make large sums of money through a cryptocurrency service ...
Tech support scammers are regularly targeted by scam baiting, [45] with individuals seeking to raise awareness of these scams by uploading recordings on platforms like YouTube, cause scammers inconvenience by wasting their time and protect potential victims. A good example of this is the YouTube community Scammer Payback [66] [67]
Stephen Findeisen (born 1993 or 1994), [2] [3] better known as Coffeezilla, is an American YouTuber and cryptocurrency journalist who is known primarily for his channel in which he investigates and discusses online scams, usually surrounding cryptocurrency, decentralized finance and internet celebrities. [4]
The primary architects of the scheme were Frazier Kay, who had used several cryptocurrency wallets to potentially hide his tracks, Jordan Galen, a manager and promotion finder for Kay and various other members of the FaZe Clan, and YouTube personality Sam Pepper. Findeisen eventually uncovered that Lucas had changed the anti-whale mechanism on ...
In 2018, around US$1.7 billion in cryptocurrency was lost to scams, theft and fraud. In the first quarter of 2019, such losses rose to US$1.2 billion. [ 6 ] 2022 was a record year for cryptocurrency theft, according to Chainalysis , with US$3.8 billion [ 7 ] stolen worldwide during 125 system hacks, [ 8 ] including US$1.7 billion stolen by ...
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had ...