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FBI officials, in an effort to prevent fraudsters from taking money from victims, are training state and local law enforcement to better see the warning signs of crypto scams, and they are asking ...
People in the U.S. reported losing $5.6 billion to cryptocurrency scams in 2023, with older people hit the hardest, according to the FBI. Crypto scams stole $5.6B from Americans last year, mostly ...
FBI says that’s 45% more than in 2022. Pig butchering cost Americans $5.6 billion last year. The term, used by scammers to describe crypto investment schemes, was especially apt in 2023, as ...
A pig butchering scam, a.k.a. "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. [4]
Ruja Plamenova Ignatova (Bulgarian: Ружа Пламенова Игнатова, romanized: Ruža Plamenova Ignatova, occasionally transliterated as "Ruga Ignatova"; born May 30, 1980 – disappeared October 25, 2017) [2] is a Bulgarian-born German entrepreneur best known as the founder of a fraudulent cryptocurrency scheme known as OneCoin, which The Times described as "one of the biggest ...
Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed and irreversibility of ...
The homes of several other individuals were raided that night, later being referred to as "the Crypto Six." [142] While the FBI's main justification for this raid was that scammers were using the Bitcoin vending machines to scam people, Ian Freeman counters saying that he frequently warned ATM users of scams and used his Bitcoin vending ...
Victims reported more than $5.6 billion in fraud related to cryptocurrency in 2023, a 45% increase from losses reported in 2022, the FBI said Monday in a new report. Crypto-related fraud jumped by ...