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Fraudsters are using ads featuring a fake Jeremy Clarkson endorsement as part of a Bitcoin scam. Watchdogs are warning social media users about the ads, which urge people to invest in cryptocurrency.
The scammers typically cold-call people who provide the details, urging them to invest larger sums, per the report. They are later unable to get their purported investment back.
This scam relies on hyping a coin and getting more people to buy into it. As the price rises, insiders sell out of the coin, dumping it on the public and traders are left with worthless coins.
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: 杀猪盘), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
In 2023, consumers reported $114 million in losses from scams involving BTMs — a nearly 900% increase over the preceding three years, the FTC said Tuesday in a report. Losses through June of ...
As of Tuesday afternoon, Trump’s meme coin was trading at about $45 while the Melania meme coin was at about $4. Trump named SEC Commissioner Mark Uyeda as the agency's acting chief Tuesday and Uyeda quickly announced he was launching a new crypto task force to set the SEC on a “sensible regulatory path.”
The figure amounts to as much as $5.8 billion in recoverable assets with Bitcoin trading around $61,000. Of course, not all digital assets are recoverable. Corrupted hard drives or those that were ...
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