According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half of the $407.7 million that was lost to…
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“I never thought it could happen to me because I use tech. I’ve written software,” a victim of the pig slaughtering scam noted. Lonely hearts in Silicon Valley are reportedly falling prey to a wave of “pig slaughtering” crypto scams via dating applications. An investigator for cybersecurity company Sift found that one in 20 people…
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The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than 25 times those reported in 2019,” said the FTC. FTC Warns…
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