Crypto scammers circle back, pose as lawyers, steal an extra $10M in truly devious plan

June 25, 2024 at 02:33PM The FBI reported that scammers posing as helpful lawyers defrauded victims of approximately $10 million in crypto scams within a year. These scammers prey on the vulnerable, claiming to recover lost tokens for a fee, and even impersonate government agencies. Beware of cryptocurrency recovery services and report such scams to … Read more

Fraud researchers impersonated on X to push crypto-stealing sites

November 15, 2023 at 10:04AM Multiple fake accounts on X (former Twitter) are promoting phishing pages to drain cryptocurrency wallets. The scammers impersonate accounts belonging to cryptocurrency experts and security firms to spread fabricated security breach claims. Users are advised to be cautious, verify claims from official sources, and avoid connecting wallets to suspicious platforms. … Read more

Scammers use India’s real-time payment system to siphon off money, send it to China

October 23, 2023 at 11:37PM China-based scammers are using fake loan apps and India’s Unified Payments Interface (UPI) to scam victims out of money, according to a report by CloudSEK. The scammers pose as loan providers, luring victims with promises of easy repayments. Once a fee is paid, the loan never materializes and the fee … Read more