Search results
Results from the WOW.Com Content Network
Prosecutors said the scammers spent about three months persuading a 66-year-old man to invest in cryptocurrency. The man, prosecutors said, invested $170,000 but became suspicious when the ...
Soaring retail and institutional interest in cryptocurrency last year also led to a boom criminal activity that cost investors billions. Data: Crypto scams, hacks cost investors $14 billion in ...
BOSTON (Reuters) -Three cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation following an investigation in which the FBI for the first ...
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 ...
Crypto scammers pull in $155 million on latest Trump coin rumors. Niamh Rowe. August 9, 2024 at 12:16 PM. Peter Summers—Getty. A cryptocurrency called Restore the Republic (RTR) has witnessed a ...
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had ...
It became apparent that the developers of Squid Coin had quickly cashed out their holdings, draining liquidity from the exchange. [3] [4] 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.
Save the Kids was additionally credited as one of the focus examples for the growing trend of cryptocurrency scams, to which more than $80 million has been lost so far mostly from younger audiences buying into the currencies simply from the hype. [5] [10]