Daisy Harris, an AI-powered virtual grandmother created by O2, is designed to waste scammers' time by engaging them in long, distracting conversations. While she can’t solve the wider issue of phone fraud, her quirky approach helps to frustrate criminals and protect vulnerable individuals.

Scammers have developed a new tactic to defraud Solana users by burning their tokens seconds after purchase, using a Solana token extension to secretly erase crypto holdings. While the motives vary, the result is consistent: users lose their assets.

The SlowMist security team has noticed that the number of users who have been harmed by this type of scam has increased recently. Therefore, this article will explain the scam routine and analyze the scammers' fund transfer patterns to help users avoid falling into this type of scam.

"Sui is a public chain with a very clear development direction," said a developer.

Warren Buffett’s decision to end his charity lunch auction is linked to the controversies involving Sun Yuchen, which exposed significant flaws in the event’s integrity and effectiveness.

Meta has launched a new initiative called the Fraud Intelligence Reciprocal Exchange (Fire) to combat deepfake scams and fraudulent ads on social media in Australia, resulting in the removal of thousands of scam pages. As Australians reported over $43 million in losses to social media scams in 2024, the government is also proposing new legislation to hold companies accountable for preventing such fraud.

In 2023, cryptocurrency-related fraud surged by 45%, leading to over $5.6 billion in losses, with investment scams being the most significant contributor. The FBI highlighted that elderly individuals are particularly vulnerable, and emerging scams like those involving crypto ATMs and play-to-earn schemes are on the rise, urging increased vigilance and regulatory measures.

David Carmona, the founder of the Icomtech cryptocurrency Ponzi scheme, was sentenced to more than 10 years in prison for deceiving investors with false profits promises.

Meta has expanded its Fraud Intelligence Reciprocal Exchange (FIRE) program to enhance cooperation with UK banks in the fight against scams. This initiative aims to improve fraud detection by sharing important information and data between financial institutions and Meta.

Friend.tech’s decision to relinquish control over its smart contracts marks the end of its development, leaving the platform in a static state. Despite early success, the project struggled to maintain user engagement and saw a significant drop in both activity and token value.