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A Guardian Australia investigation traced the source of a major crypto scam using Google ads to addresses in Moscow. Bitcoin Scam Using Unauthorized Celebrity Images in Ads Traced to Moscow ...
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 ...
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.
As the scam unraveled, investors were left with substantial losses, while the developers of Squid Coin disappeared from the public eye, taking an estimated $3.38 million with them. [3] [12] The project's website, which had previously been active, disappeared along with its social media accounts, further erasing any trace of its existence. [13]
The FTC said reported losses from Bitcoin ATM fraud topped $110 million last year, as scammers lure victims to send them large sums through the crypto kiosks.
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
Bitcoin ATMs have become an easy way to steal for scammers. One is seen here at the Clark Street subway station on June 13, 2022, in the Brooklyn Heights neighborhood of Brooklyn, New York.
Jon Montroll, the man behind BitFunder and WeExchange, was charged with fraud last February. He pleaded guilty last July, and will be sentenced in April. Montroll reportedly hid the theft of over ...