Pig Butchering Scam
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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
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Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
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How A 75-Year-Old US Man Lost His Life's Savings To Online Romance Scam
A 75-year-old professional from the Midwest fell victim to an online scam after connecting with a woman on LinkedIn.
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Explained: The "Pig Butchering Scam" Zerodha CEO Is Warning You About
Zerodha CEO Nikhil Kamath has shared details about a new scam that is responsible for losses amounting to several thousands of crore rupees.Speaking on his podcast and then in a tweet,the entrepreneur referred to the scam.
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Crypto Criminals Not on Holiday, Scams Like 3Commas and ‘Pig Butchering’ Continue to Strike
Even a couple of days before the industrially quaky year of 2022 ends, news and warning around crypto crimes have made it to the headlines. This week, the private API details of around 100,000 users of 3Commas were leaked online leading to millions in loss. The attack was in operation since October.
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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
-
Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
-
How A 75-Year-Old US Man Lost His Life's Savings To Online Romance Scam
A 75-year-old professional from the Midwest fell victim to an online scam after connecting with a woman on LinkedIn.
-
Explained: The "Pig Butchering Scam" Zerodha CEO Is Warning You About
Zerodha CEO Nikhil Kamath has shared details about a new scam that is responsible for losses amounting to several thousands of crore rupees.Speaking on his podcast and then in a tweet,the entrepreneur referred to the scam.
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Crypto Criminals Not on Holiday, Scams Like 3Commas and ‘Pig Butchering’ Continue to Strike
Even a couple of days before the industrially quaky year of 2022 ends, news and warning around crypto crimes have made it to the headlines. This week, the private API details of around 100,000 users of 3Commas were leaked online leading to millions in loss. The attack was in operation since October.
