Scam – Dec LM

Coinbase Users Are Losing 0M a Year to Social Scams, ZachXBT Says

Coinbase Users Are Losing $300M a Year to Social Scams, ZachXBT Says

ZachXBT advised Coinbase to enhance security by making phone number inputs optional, creating a restricted account type for new users and improving community education on scam prevention.

Crypto Scammers Are Now Stealing From Other Crypto Thieves

Scammers use a sophisticated type of wallet to trick wannabe thieves, who may lose small amounts of a token.

Money Launderer Who Moved Scam Victims’ Funds Faces Up to Two Decades in U.S. Prison

Daren Li oversaw the transfer of more than $73 million from crypto scam victims to wallets he and his co-conspirators controlled.

UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud

Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.

Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says

Crypto scams accounted for only a tenth of total financial fraud complaints last year – but nearly half of the losses.

Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year

The hustles amounted to about 9% of the total fraudulent platforms taken down in the first year of an investment scam disruption program.

Cambodia’s Huione Guarantee Enables Global Scams Worth $11 Billion: Report

The online platform is said to be linked to the nation's ruling family and allegedly offers services including deepfake scams, money laundering and so-called pig butchering.

U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims

The $2.3 million includes $400,000 tied to a pig butchering scam that targeted a Massachusetts resident.

TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams

The program will trial an apparent küresel first in which Aussie crypto users who activate two-factor authentication on their cryptocurrency accounts will be paid AUD $10 worth of Bitcoin.