Cryptocurrency scams have reportedly been one of the most common cyber offenses in Hong Kong during the first half of 2022, and 25% involved digital assets. The concerning number of such fraudulent schemes could be explained by the growing interest in cryptocurrencies displayed by many Hong Kong residents. A recent research classified the state as
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WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry. The latest bipartisan proposal came Wednesday
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Source: Adobe/agnormarkAn emerging and rather complex form of investment scam known as “pig butchering,” wherein flirtatious strangers convince unsuspecting users to invest in crypto trading platforms that eventually seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars worth of cryptoassets. The term “pig butchering” refers to a sophisticated and
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The Federal Bureau of Investigation (FBI) has warned crypto investors about a scam using an investment strategy called liquidity mining. “This scam has been responsible for over $70 million in combined victim losses,” said the law enforcement agency. FBI Warns of Crypto Liquidity Mining Scam The Federal Bureau of Investigation (FBI) issued an investor alert
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By Mark Hunter23 hours agoFri Jul 15 2022 09:07:21 Reading Time: 3 minutesThis week in crypto we’ve seen headlines about Celsius (yet again), Kucoin, Vauld, Twitter, Coinflex and more! But which stories were the biggest and baddest on the block? Let’s find out No. 3 – You’ve Been Served…With an NFT We thought that Onecoin’s
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