Finance News – Global Crypto
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The crypto trap that won’t let you sell — and how to avoid it
Some deceptive schemes in the cryptocurrency market restrict investors from liquidating their assets by using complex smart contracts, thereby potentially causing significant finan...
Read Full Article →DOJ seeks forfeiture of $225m tied to crypto ‘pig butchering’ scams
The U.S. government aims to recover over $225 million in digital assets connected to extensive fraudulent schemes, highlighting efforts to disrupt significant financial crimes invo...
Read Full Article →Washington’s second-biggest city, Spokane, bans crypto ATMs
The decision to eliminate cryptocurrency ATMs in Spokane aims to protect consumers from financial fraud and potential losses, highlighting the city's efforts to maintain economic s...
Read Full Article →Alabama Regulator Recovers $125K in Crypto Lost to Pig Butchering Scams
Alabama authorities successfully retrieved over $125,000 in cryptocurrency previously lost by victims to deceptive romance schemes that resulted in total financial damages approach...
Read Full Article →AI Deepfakes Drove 40% of High-Value Crypto Fraud Last Year: Report
In 2024, a substantial portion of cryptocurrency losses, amounting to billions, was linked to sophisticated AI-generated impersonation techniques used in fraudulent schemes targeti...
Read Full Article →Crypto conferences scale up, so do scams, security experts warn
As cryptocurrency gatherings grow in size and popularity, experts highlight increased risks of fraudulent schemes targeting attendees, potentially leading to significant financial...
Read Full Article →Believe memecoin launchpad rolls out rug protection features
The new security measures implemented by Believe aim to enhance investor confidence by reducing the risk of fraud and unauthorized token transactions, potentially stabilizing marke...
Read Full Article →Australia rolls out new crypto ATM rules as feds flag rising scams
Authorities have introduced updated regulations for cryptocurrency ATMs following reports that fraudulent activities have caused losses exceeding 3.1 million Australian dollars wit...
Read Full Article →AI scammers are now impersonating US government bigwigs, says FBI
If successful, these sophisticated impersonation scams could lead to significant financial losses and compromise sensitive data, potentially disrupting governmental operations and...
Read Full Article →How cybercriminals are exploiting digital twins to scam crypto users
The misuse of digital twin technology in cryptocurrency fraud has caused significant financial losses by enabling cybercriminals to create convincing fake identities and manipulate...
Read Full Article →Crypto to accelerate AI adoption — LONGITUDE panel
Experts at the LONGITUDE event discussed how cryptocurrency can enhance AI adoption by providing incentives for users and developers, while also highlighting concerns over the prol...
Read Full Article →$364 Million Lost in April to Crypto Hacks, Scams: CertiK
In April, significant financial losses of $364 million were attributed to various crypto-related hacks and scams, with a substantial portion resulting from a phishing attack that s...
Read Full Article →Crypto losses spike 1,100% in April with 5th-largest-ever hack: CertiK
In April, the total value lost to crypto hacks, exploits, and scams surged to $364 million, primarily fueled by a significant theft involving an elderly individual's wallet and inc...
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