Hong Kong police dismantled a fraud syndicate that used deepfake technology to scam individuals out of approximately HK$360 million (around $46 million) through romance scams. A total of 27 suspects were arrested, including five believed to have ties to organised crime, highlighting the growing threat of sophisticated online scams.
JoyA scam targeting cryptocurrency investors in Hong Kong has led to losses of HK$14.8 million, with victims tricked into making transactions at fake exchange shops. One businessman lost HK$4 million after realizing he was locked inside a shop while scammers escaped with his money.
WeatherlyWisconsin's DFI has launched a scam tracker to help residents avoid falling victim to financial fraud, particularly in cryptocurrency.
Cheng YuanHong Kong SFC warns against HKCEXP, a fraudulent crypto exchange. Regulatory deadline looms for exchange licenses. SFC to maintain public list of licensed platforms for investor safety.
Huang Bo45-year-old Mr. Hsu led a fraudulent pyramid scheme exploiting the elderly, establishing a fake investment platform and app named "DuoDuo Blind Boxes." They conducted investment seminars across Taiwan, enticing people to join by promising a 3% profit on reselling these blind boxes, pressuring them to become members and purchase USDT for deposit.
JoyCrypto tax fraud, a shadowy threat, demands investor vigilance. Navigating legal complexities is crucial to safeguard against severe consequences and ensure a compliant, ethical crypto investment landscape.
SanyaIn a move to combat telephone fraud, a law enforcement agency recently executed an operation that led to the apprehension of two individuals, aged 20 and 33. The arrests took place in a public facility, and the suspects are currently under investigation for their involvement in a series of fraudulent activities.
JoyHong Kong police has issued an advisory to the public regarding a growing threat posed by scammers masquerading as representatives of Binance and disseminating deceptive messages.
KikyoMany reactions have emerged in the crypto space due to the FTX fiasco, the latest one is from the Ripple CTO, David Schwartz.
BitcoinistCryptocurrency has secured immense popularity across the globe. The increase in popularity of crypto, however, cannot be interpreted as increase ...
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