Cryptocurrency scams are rising - here’s how to avoid them
3 years, 4 months ago

Cryptocurrency scams are rising - here’s how to avoid them

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. If you don’t, you risk simply never seeing it again Chris Ainsley, Santander After the victim has opened cryptocurrency accounts and deposited money, the fraudster takes over and freezes the customer out of their account. Chris Ainsley, head of fraud control at Santander UK, said: “We’re seeing more and more cases where fraudsters use complex cryptocurrency jargon, high pressured sales tactics and fake celebrity endorsements, along with the promise of significant rewards, to lull people into a false sense of security. If you don’t, you risk simply never seeing it again.” In one case, a customer named Ms C had been following someone on social media who dealt with crypto investments. Here are Santander’s tips to avoid cryptocurrency scams: – A “celebrity endorsed” investment does not mean it is genuine.

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History of this topic

Martin Lewis's 'trusted' face most commonly misused on scam adverts - as it is revealed £20 million has been lost to fraudsters impersonating money saving expert
1 week, 3 days ago

Martin Lewis's 'trusted' face most commonly misused on scam adverts - as it is revealed £20 million has been lost to fraudsters impersonating money saving expert

Daily Mail  

New research has revealed which celebrities are most commonly used by fraudsters to con unsuspecting Britons out of their life savings - and 'one of TV's most trusted faces' tops the list. An analysis of data from Action Fraud, the UK's national reporting centre for fraud and cybercrime, found Martin Lewis was most commonly featured in scam adverts It has …

Scammers exploit Ramadan: Surge in fraudulent Crypto giveaways, fake charities, says report
1 week, 3 days ago

Scammers exploit Ramadan: Surge in fraudulent Crypto giveaways, fake charities, says report

Live Mint  

Cybercriminals are on the prowl as Muslims observe fasting during Ramadan, with an alarming rise in cryptocurrency and e-commerce scams, according to the latest report. Cybercriminals are leveraging religious sentiments to trick unsuspecting donors and investors into fraudulent schemes, draining digital wallets, and stealing sensitive financial information,” the report by CloudSEK, an AI-driven cybersecurity firm, said. Here are the key …

Scammers steal $2 million in cryptocurrency from remote work seekers in New York, Florida
2 months, 1 week ago

Scammers steal $2 million in cryptocurrency from remote work seekers in New York, Florida

India Today  

Scammers stole millions of dollars in cryptocurrency from remote job seekers in an elaborate scheme. New York Attorney General Letitia James has filed a lawsuit to recover over $2 million that she said was stolen from New Yorkers and others nationwide. Scammers used unsolicited text messages to lure victims with promises of flexible, well-paying remote work opportunities. James’ office, working …

Cynical scammers set to strike during Christmas week, Santander UK warns
3 months ago

Cynical scammers set to strike during Christmas week, Santander UK warns

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Meta cracks down on ‘pig butchering’ scams, claims to have removed over 2 million accounts
4 months ago

Meta cracks down on ‘pig butchering’ scams, claims to have removed over 2 million accounts

Firstpost  

Pg butchering scams involves fraudsters tricking victims — often found on social media or dating platforms — into fake cryptocurrency investments or financial schemes. Such scams have siphoned off more than $75 billion globally since 2020 Meta has been actively tracking the criminal networks behind pig butchering scams for the past two years, noting their increasing global spread. Described as …

9m people caught out by financial scams in past year, Citizens Advice estimates
5 months ago

9m people caught out by financial scams in past year, Citizens Advice estimates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. As part of its Scams Awareness campaign, Citizens Advice …

Romance scams surge despite 65% thinking they would never fall victim, says bank
5 months, 3 weeks ago

Romance scams surge despite 65% thinking they would never fall victim, says bank

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy More than £3.8 million was …

Cryptocurrency scam using AI deepfake videos of Keir Starmer and Prince William
7 months, 1 week ago

Cryptocurrency scam using AI deepfake videos of Keir Starmer and Prince William

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Deepfake videos of Sir Keir Starmer and Prince William are …

Scammers are targeting Trump supporters after Republican announced he’d take crypto donations
9 months ago

Scammers are targeting Trump supporters after Republican announced he’d take crypto donations

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Scammers …

Social media platforms and search engines still littered with scam ads – Which?
1 year, 1 month ago

Social media platforms and search engines still littered with scam ads – Which?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Social media platforms and search …

Police recover ₹12 lakh invested by techie in fake cryptocurrency scam
1 year, 6 months ago

Police recover ₹12 lakh invested by techie in fake cryptocurrency scam

The Hindu  

The Mysuru city police have helped a techie recover ₹12 lakh that he had invested in a fake cryptocurrency scam. According to Mysuru City Police Commissioner Ramesh B., the victim, who is also incidentally an ex-employee of a software company, had fallen victim to one such cryptocurrency scam to which he had received an invitation on a social media messaging …

Social media firms should reimburse online purchase scam victims – Barclays
1 year, 7 months ago

Social media firms should reimburse online purchase scam victims – Barclays

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tech companies should help to reimburse the victims of social media purchase scams, …

Investment scams are everywhere on social media. Here’s how to spot one
1 year, 7 months ago

Investment scams are everywhere on social media. Here’s how to spot one

LA Times  

Social media is full of scammers promising guaranteed returns on investment, and consumers lost $3.8 billion to them last year just in the U.S., the FTC said. Because someone may be spoofing them.” Offers also tend to come with time pressure: “Make big money fast!” “Once-in-a-lifetime offer, gone tomorrow!” Or elaborate steps that require infusions of more money at each …

Investment scams are everywhere on social media. Here’s how to spot one
1 year, 7 months ago

Investment scams are everywhere on social media. Here’s how to spot one

Associated Press  

NEW YORK — Social media is full of scammers promising guaranteed returns on investment, and consumers lost billions of dollars to them last year. Because someone may be spoofing them.” Offers also tend to come with time pressure: “Make big money fast!” “Once-in-a-lifetime offer, gone tomorrow!” Or elaborate steps that require infusions of more money at each stage, such as …

Martin Lewis cryptocurrency scams ads continue to be shared on Facebook
2 years, 10 months ago

Martin Lewis cryptocurrency scams ads continue to be shared on Facebook

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Numerous adverts have been uploaded to Facebook’s Ad Library claiming that if people invest a small amount …

Crypto scammers find social media a rich hunting ground
2 years, 10 months ago

Crypto scammers find social media a rich hunting ground

LA Times  

The patio at Bored and Hungry, which bills itself as the “world’s first NFT restaurant.” Scammers used the Bored Ape Yacht Club’s Instagram account to steal millions of dollars’ worth of NFTs in late April. The escalating social media cyberthreat combines with crypto-based crime hitting an all-time high last year, according to blockchain security company Chainalysis’ 2022 Crypto Crime Report. …

Australian cryptocurrency investors targeted in fake crypto app scam, but Google says it 'takes action' when 'violations found'
3 years, 1 month ago

Australian cryptocurrency investors targeted in fake crypto app scam, but Google says it 'takes action' when 'violations found'

ABC  

Scammers are exploiting the popularity of cryptocurrency by setting up fake apps to steal hundreds of thousands of dollars from would-be Australian crypto investors. Key points: The Australian Tax Office estimates up to 600,000 Australians have invested in "crypto-assets" Experts say scammers are using the popularity of crypto, and work too fast for tech companies to act The latest scam …

Inside the cryptocurrency scam: 'Frank' explains how European scammers target Australians for millions
3 years, 3 months ago

Inside the cryptocurrency scam: 'Frank' explains how European scammers target Australians for millions

ABC  

If you answer your phone and Frank* is on the other end of the line, he'll keep you talking for as long as he can. Three cryptocurrency scams, $600,000 gone forever Photo shows Three headshots, one non-identifyable, and the other two of a young woman and an older woman Australian police say cryptocurrency scams have "exploded" during the pandemic. Cryptocurrency, …

Cryptocurrency scams targeting Australians as scammers bank more than $100 million
3 years, 3 months ago

Cryptocurrency scams targeting Australians as scammers bank more than $100 million

ABC  

They're three families, all from different parts of Australia. Cryptocurrency, or "crypto", is decentralised "digital money" There are more than 10,000 cryptocurrencies in use around the world The Australian Tax Office estimates up to 600,000 Australians have invested in "crypto-assets" Some cryptocurrencies have exploded it value over the past two years The technology has been praised for its portability, inflation …

Cryptocurrency scam losses are rising - fuelled by social media
3 years, 5 months ago

Cryptocurrency scam losses are rising - fuelled by social media

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Online scams through fake Elon Musk accounts have stolen over $2 million in cryptocurrency since October
3 years, 10 months ago

Online scams through fake Elon Musk accounts have stolen over $2 million in cryptocurrency since October

India Today  

Just scrolling through Twitter one fine morning, I observed one of my tweets had received a like by none other than Elon Musk. Since the account closely resembled that of Elon Musk after the hack, there was a chance that people visiting it online would have fallen for the deception. In figures, such social media accounts impersonating Musk have helped …

Bitcoin scam sees man lose nearly half a million dollars, calling banks and exchanges to account
3 years, 11 months ago

Bitcoin scam sees man lose nearly half a million dollars, calling banks and exchanges to account

ABC  

The brother of a man scammed out of more than $400,000 has issued a warning to people to be more aware of bogus bitcoin traders. Key points: Mr Barraclough lost nearly half a million dollars when he signed up to a scam without understanding what he was doing Westpac initially put a hold in his account used to make the …

Fake account launches Twitter cryptocurrency scam in Trump's replies
4 years, 4 months ago

Fake account launches Twitter cryptocurrency scam in Trump's replies

Daily Mail  

A scammer portraying Elon Musk was attempting to trick users into handing over cryptocurrency in the reply section of Donald Trump's tweets. The verified account surfaced online Wednesday with the display name ‘Elon Musk,’ and replied to Trump’s tweets discussing the presidential election. The verified account surfaced online Wednesday with the display name ‘Elon Musk,’ and replied to Trump’s tweets …

Elon Musk calls out cryptocurrency scam epidemic on Twitter after being caught up in it
6 years, 8 months ago

Elon Musk calls out cryptocurrency scam epidemic on Twitter after being caught up in it

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon musk is the latest tech figure to speak out against a cryptocurrency …

Elon Musk and other high-profile Twitter users hit by cryptocurrency scam
7 years ago

Elon Musk and other high-profile Twitter users hit by cryptocurrency scam

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Scammers are tricking followers of Elon Musk and other celebrities into losing cryptocurrency. …

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