Scams

U.S. Senator Dick Durbin introduces new legislation targeting cryptocurrency ATM fraud prevention. A constituent lost $15,000 through a crypto ATM scam involving fake arrest warrant...

Cryptocurrency industry leaders propose social ostracism as a deterrent against memecoin scam operators. Paradigm researcher suggests community-driven accountability could discourage insider trading in meme tokens. Trader...

The FBI has initiated Operation Level Up to combat the rising tide of cryptocurrency investment Scams across the United States. Federal investigators are...

Cryptocurrency scam revenues hit a record $12.4 billion in 2023, with pig-butchering schemes accounting for $9.9 billion. Scammers are leveraging Artificial Intelligence and expanding operations...

Memecoin-related scams and rug pulls resulted in losses exceeding $500 million in 2024, according to Merkle Science. Social engineering attacks predominantly occurred on X (75%)...

Over $65 million lost to social engineering attacks on Coinbase users in just two months. Annual losses estimated at $300 million, with potential for higher...

Nebraska's Banking Committee scheduled hearing on cryptocurrency kiosk regulations to combat rising fraud cases. Proposed bill LB 609 aims to implement licensing requirements, transaction limits,...

Nebraska Legislature considering new regulations for cryptocurrency kiosks to combat rising fraud cases. FBI reported over 5,500 crypto kiosk-related complaints in 2023, with losses exceeding...