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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.
Here are some of the common elements of such cryptocurrency scam emails. Unsolicited contact: Legitimate crypto services don’t randomly reach out offering free money.
Between February 2023 and February 2024, cryptocurrency scam victims who were further exploited by bogus law firms reported losses totaling over $9.9 million, according to the FBI Internet Crime ...
In December 2022, Stephen Findeisen, better known as Coffeezilla, a YouTuber who exposes cryptocurrency scams, [11] ran a three-part docuseries on his YouTube channel about how the game was not functional despite the fact that millions of dollars of funding had been raised from investors. [12]
The POGO hub is situated in the property which is owned by Baofu Land Development, Inc. and is located behind the municipal building in Barangay Anupul, Bamban, [98] was twice raided by the authorities: in February 2023, for alleged involvement in cryptocurrency investment scams; [102] and in March 2024, due to allegations of human trafficking ...
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: ĉçŞç), 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.
A Colorado pastor accused of running a $3m cryptocurrency scam with his wife has claimed that “the Lord” advised him to carry out the venture.. Eligio “Eli” Regalado and his wife Kaitlyn ...
By far the most common cryptocurrency scam was investment fraud, which happens when bad actors persuade people to purchase cryptocurrency, promising they will reap profits at low risks. According ...