Losses from crypto fraud rose 45% to $5.6 bn in 2023, Indians lose $44 mn:
Total losses of $5.6 billion were reported, experiencing a 45 percent increase in ...
business-standard.com/finance/personal-finance/losses-from-crypto-fraud-rose-45-to-5-6-bn-in-2023-124091000249_1.html
Quick Glance: Crypto Fraud Losses Surge 45% in 2023
- Losses from cryptocurrency fraud increased by 45% in 2023, totaling $5.6 billion.
- Investment fraud accounted for the majority of losses, with approximately $3.9 billion reported.
- India ranked fifth globally in cryptocurrency-related complaints, with losses exceeding $44 million.
- The FBI emphasized the rise in scams and increased efforts through the Virtual Assets Unit to combat these crimes.
Story Details
| Last Updated | Sep 21 |
| Total Articles | 9 |
Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says: Crypto scams accounted for only a tenth of total financial fraud complaints last year – but ...
coindesk.com/policy/2024/09/09/investors-lost-record-high-56b-to-crypto-scams-in-2023-fbi-says/
Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says
apnews.com/article/cryptocurrency-fraud-fbi-report-29b412330ccebce946dec895f5060fd7
FBI statistics for 2023: Scammers stole 5.6 billion dollars with crypto scams: It is often about supposedly highly lucrative investments: scams in which ...
spiegel.de/netzwelt/web/fbi-kriminelle-erbeuteten-mit-krypto-scams-2023-rund-5-6-milliarden-dollar-a-1fe007ab-d7cc-4571-bc3a-f0f16b94337c
Crypto Fraud Increased 45% Last Year to $5.6 Billion, FBI Says: Consumers lost more than $5.6 billion last year through cryptocurrency-related fraud ...
bloomberg.com/news/articles/2024-09-09/crypto-fraud-increased-45-last-year-to-5-6-billion-fbi-says
More articles on this subject
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Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says: Crypto scams accounted for only a tenth of total financial fraud complaints last year – but ...
coindesk.com/policy/2024/09/09/investors-lost-record-high-56b-to-crypto-scams-in-2023-fbi-says/
Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says
apnews.com/article/cryptocurrency-fraud-fbi-report-29b412330ccebce946dec895f5060fd7
FBI statistics for 2023: Scammers stole 5.6 billion dollars with crypto scams: It is often about supposedly highly lucrative investments: scams in which ...
spiegel.de/netzwelt/web/fbi-kriminelle-erbeuteten-mit-krypto-scams-2023-rund-5-6-milliarden-dollar-a-1fe007ab-d7cc-4571-bc3a-f0f16b94337c
Crypto Fraud Increased 45% Last Year to $5.6 Billion, FBI Says: Consumers lost more than $5.6 billion last year through cryptocurrency-related fraud ...
bloomberg.com/news/articles/2024-09-09/crypto-fraud-increased-45-last-year-to-5-6-billion-fbi-says
Elon Musk’s Mom Goes ‘Dark MAGA’ Too With Wild Illegal Voting Rant: Maye Musk’s social media post garnered more than 3.7 million views and received massive ...
thedailybeast.com/elon-musks-mom-goes-dark-maga-too-with-wild-illegal-voting-rant
Paid articlePaywall
FBI creates its own crypto token to nab suspects in alleged fraud scheme: Sting operation has already led to three arrests for ‘on-demand market manipulation’ on ...
ft.com/content/fca21775-f94d-4af4-b778-c1b72cc119f4
UN Report Warns of Increased Crypto Crime Wave in Southeast Asia: A new report from the United Nations has sounded the alarm over the sophistication of ...
coinmarketcap.com/academy/article/un-report-warns-of-increased-crypto-crime-wave-in-southeast-asia
Cointelegraph Oct 05
Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison: Founder David Carmona of crypto “Ponzi” scheme IcomTech has been sentenced to 121 ...
cointelegraph.com/news/founder-of-crypto-ponzi-icomtech-receives-10-year-prison-sentence
Crypto Firms Charged With Market Manipulation in US Sting: Three cryptocurrency companies and about a dozen individuals were charged with market manipulation and ...
bloomberg.com/news/articles/2024-10-09/crypto-firms-charged-with-market-manipulation-in-us-sting
Paid articlePaywall
Nevada official found guilty of misusing $70K from slain officer statue: A jury found Michele Fiore guilty of misusing over $70,000 meant for a statue honoring a ...
businessinsider.com/nevada-official-found-guilty-misusing-70k-slain-police-officer-statue-2024-10
Quick Glance: Former gubernatorial candidate convicted of wire fraud
- Michele Fiore, a former Nevada gubernatorial candidate, was convicted in a federal wire fraud case.
- She was found guilty of misusing donations intended for a memorial for a deceased police officer for personal gain.
- Fiore faces six counts of wire fraud and one count of conspiracy, each potentially resulting in up to 20 years in prison.
- Sentencing is scheduled for January 6, following testimonies from multiple witnesses, including Nevada's current governor.
t3n.de Oct 07
Crypto scammers hack Lego - and advertise alleged Lego coin: Crypto scammers have hacked the Lego shop and advertised an alleged new Lego coin. D
t3n.de/news/krypto-scammer-lego-coin-1650060/
US charges 18 people, companies with cryptocurrency fraud: Three cryptocurrency companies and 15 individuals have been charged in what U.S ...
reuters.com/legal/us-charges-18-people-companies-cryptocurrency-fraud-2024-10-09/
Asian crime gangs are growing – fast – thanks to AI and other tech: UN report finds Telegram, cryptocurrency are tools of a growing 'criminal service ...
theregister.com/2024/10/09/the_criminals_are_gaining_efficiencies/
Some of the Carbon Credits Were Fake: Also FTX recoveries, ETF taxation, a big estate tax and Costco gold.
bloomberg.com/opinion/articles/2024-10-08/some-of-the-carbon-credits-were-fake
Gizmodo 2h
FBI Created a Crypto Token to Bait Pump-and-Dump Scammers: The fraudsters allegedly used multiple trading bots for the wash trades.
gizmodo.com/fbi-created-a-crypto-token-to-bait-pump-and-dump-scammers-2000510208
Hyderabad man arrested in Ahmedabad for cyber fraud of Rs 86 lakh: The residence of the accused Swami Ayyappa Naravula, 42, was raided. Four mobile phones ...
indianexpress.com/article/cities/ahmedabad/hyderabad-man-arrested-for-cyber-fraud-9613729/
Crypto platform suspends payments in Argentina amid pyramid scheme claims: Two alleged executives were actually paid actors.
batimes.com.ar/news/argentina/crypto-platform-suspends-payments-amid-suspicion-of-pyramid-scheme-in-argentina.phtml
Crypto relationship scams pose 'catastrophic harm,' SEC official says. Here's how to avoid them
cnbc.com/2024/10/07/crypto-bitcoin-relationship-scams-sec-catastrophic-harm.html
81-year-old Carinthian was ripped off several times by fraudsters: As we all know, we learn from our mistakes, but an 81-year-old fell victim to fraudsters again ...
kleinezeitung.at/kaernten/18941071/81-jaehriger-kaerntner-wurde-mehrmals-von-betruegern-abgezockt
t.me Oct 08
SEC vows to tackle crypto fraud: Securities and Exchange Commission vowed to combat fraud, money laundering, and market manipulation in the country’s ...
punchng.com/sec-vows-to-tackle-crypto-fraud/
LEGO's website hacked to push cryptocurrency scam: On Friday night, cryptocurrency scammers briefly hacked the LEGO website to promote a fake Lego token ...
bleepingcomputer.com/news/security/legos-website-hacked-to-push-cryptocurrency-scam/
Australians targeted for cryptocurrency scams by overseas call centres because they are 'easy prey', former worker says
abc.net.au/news/2024-10-07/scammers-are-targeting-australians-in-offshore-call-centres/104406170
Think twice before swiping right: Arizonans lost $325 million to romance fraud last year
azcentral.com/story/news/local/arizona/2024/10/03/arizona-ranked-8th-for-most-money-lost-to-romance-fraud-in-2023/75502110007/
A victim of a crypto ‘pig butchering’ scam just got his $140,000 back: NPR investigated a crypto scam company known as SpireBit, which stole hundreds of ...
npr.org/2024/10/04/g-s1-26505/spirebit-crypto-pig-butchering-scam-victim-gets-money-back
"Trading scam": Woman falls for fraudster: "Trading scam": Woman falls for fraudster - | Landau - | DIE RHEINPFALZ
rheinpfalz.de/lokal/landau_artikel,-trading-scam-frau-f%C3%A4llt-auf-betr%C3%BCger-herein-_arid,5698888.html
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