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5. Romance Scams. Cryptocurrency romance scams have become a prevalent form of deception where fraudsters forge romantic ties to trick individuals into giving up their crypto assets.
The cryptocurrency ecosystem is a dynamic world, and with the growth that we are experiencing in this space by the day, so also are bad actors boosting their fraudulent tactics. Identifying Crypto ...
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 ...
NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to U.S. criminal ...
These earned tokens were purportedly exchangeable for other cryptocurrencies or national currencies, further fueling the excitement around Squid Coin. [3] However, as the value of Squid Coin skyrocketed, [8] [9] concerns began to surface. Investors who had bought into the cryptocurrency soon discovered that they were unable to sell their tokens.
A cryptocurrency, crypto-currency, or colloquially, crypto, is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
“For example, across scam types, cyber crooks create fake websites and social media accounts, as well as fraudulent accounts on messaging platforms like Telegram, and even post AI-generated ...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.