The Federal Bureau of Investigation (FBI) Baltimore office has issued a warning about the increasing prevalence of cryptocurrency investment fraud in Maryland. Known as “pig butchering,” scammers trick victims into fake crypto investments, leading to massive financial losses. FBI Warns of Surge in Cryptocurrency Investment Scams in Maryland The Federal Bureau of Investigation (FBI) Baltimore…
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A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment card data, using cryptocurrencies like…
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Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web. Now, the Federal Bureau of Investigation (FBI) is involved, and the airport refuses…
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The Federal Bureau of Investigation’s San Diego office has seized websites linked to three fraudulent cryptocurrency recovery services. The scam preys on victims of crypto fraud by promising recovery of lost funds, often charging significant fees without delivering results. The FBI advises the public to be cautious, avoid upfront payments, and verify any claims of…
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Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs. The senators urged companies to implement stronger measures to combat the…
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The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency…
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The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong Kong, China, Mexico, and the United Arab…
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Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered full restitution and penalties, enabling the Attorney…
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The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware and steal digital assets. North Korean hackers are reportedly focusing on decentralized finance (defi) platforms and cryptocurrency exchange-traded funds (ETFs). FBI Warns of North Korean…
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Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to deceive victims into investing in fraudulent cryptocurrency platforms. Victims lost their life savings, with one losing an entire retirement account. $5 Million in Cryptocurrency Seized…
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