Crypto scams rake in $5.6B a year for cyberscum lowlifes, FBI says

September 10, 2024 at 10:33AM The FBI’s annual report on crypto-related cybercrime highlights a grim reality, with over $5.6 billion in losses in the US in 2023, a 45% increase from the previous year. Those aged 60 and over are the most vulnerable, falling victim to investment scams promising huge returns from cryptocurrency. The FBI … Read more

Watchdog warns FBI is sloppy on secure data storage and destruction

August 26, 2024 at 03:20PM The FBI was found to have serious flaws in its handling and disposal of seized electronic storage media. The lack of labeling and tight security measures posed risks of loss or theft of sensitive information. While the FBI is taking steps to address the issue, concerns remain over inventory control … Read more

FTC warns scammers are impersonating its employees to steal money

March 19, 2024 at 03:19PM The FTC warns of scammers posing as its employees to deceive consumers into transferring money, resulting in a median loss of $7,000. Guidelines for identifying these fraudulent activities have been issued, with consumers urged to report any scams. The FBI also provides tips to defend against such scams, as online … 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