FBI warns of fake remote work ads used for cryptocurrency fraud

June 4, 2024 at 04:39PM The FBI warned that scammers are using fake remote job ads to steal cryptocurrency from job seekers, posing as recruiters for legitimate companies. The scammers create work-from-home scams with confusing compensation structures and use fake portals. The FBI advises caution, not sending money to alleged employers, and reporting suspicious activities … Read more

Indian National Pleads Guilty to $37 Million Cryptocurrency Theft Scheme

May 28, 2024 at 09:33AM Chirag Tomar, an Indian national, has pleaded guilty to wire fraud conspiracy in the U.S. for stealing over $37 million by creating a fake cryptocurrency exchange website. The site tricked users into disclosing login details, enabling the theft. The case is part of a wider crackdown on international cybercrime, including … Read more

E-Root Marketplace Admin Sentenced to 42 Months for Selling 350K Stolen Credentials

March 19, 2024 at 01:27AM Moldovan national Sandu Boris Diaconu has been sentenced to 42 months in a US prison for operating the illicit E-Root Marketplace, offering hundreds of thousands of compromised credentials. The DoJ seized the infrastructure associated with E-Root and Perfect Money and said it’s recovering $2.3 million worth of cryptocurrency linked to … Read more

Four U.S. Nationals Charged in $80 Million Pig Butchering Crypto Scam

December 18, 2023 at 07:52AM Four U.S. nationals have been charged with a cryptocurrency investment scam, earning over $80 million through various illicit activities. The scheme involved pig butchering scams and shell companies, resulting in significant financial losses for victims. This reflects a concerning trend of increasing cryptocurrency investment scams, as reported by the FBI. … Read more

Fake Ledger Live app in Microsoft Store steals $768,000 in crypto

November 7, 2023 at 06:07PM Microsoft has removed a fraudulent Ledger Live app from its store after users lost $768,000 worth of cryptocurrency assets. The fake app, called Ledger Live Web3, had been in the store since October 19 and started stealing cryptocurrency a few days ago. Despite obvious red flags, the app managed to … Read more