Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, pleaded guilty to operating a $577 million cryptocurrency Ponzi scheme through their fraudulent mining service, Hashflare. The
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FBI Saves 4,300 Crypto Victims, Stopping $285M in Devastating Losses
The FBI’s Operation Level Up has saved over 4,300 potential victims from losing $285 million to cryptocurrency scams, preventing life-altering financial losses and exposing fraudulent
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Pig Butchering Just Got Smarter: 40% Surge Shows Scammers Moving Faster and Hitting Harder
Pig butchering scams exploded in 2024, with fraudsters stealing billions through AI-driven deepfakes and rapid-fire scams, overwhelming victims and outpacing law enforcement crackdowns worldwide. Pig
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FBI Warns: Valentine’s Day to Bring a Surge in Crypto Fraud—Don’t Get Trapped
The FBI warns that scammers are exploiting Valentine’s Day to lure victims into fraudulent cryptocurrency investments, using fake identities and deceptive websites to steal funds.
Read moreLargest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic
The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.
Read moreCFPB proposes crypto firms refund users for funds lost to hacks
A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”
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