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Scammers on Truth Social con victim out of $500,000 with Cryptocurrency trading scam
A recent investigation by Gizmodo, launched through a Freedom of Information Act (FOIA) request, revealed a concerning trend: Truth Social users are increasingly falling victim to scams that have cost some victims staggering amounts. In particular, one Minnesota user lost over $500,000 in a cryptocurrency trading scam, and…
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Over $110 Million lost to Bitcoin ATM scams in 2023, FTC warns
The rise of cryptocurrency has led to a surge in criminal activities, with scammers exploiting the relative anonymity and irreversible nature of these transactions. In 2023, Americans lost over $110 million to Bitcoin ATM scams, according to the Federal Trade Commission (FTC). These scams are becoming increasingly…
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Decoding the Rise of Social Media Frauds
"One major difference between scams before social media and after is that criminals had to look for victims; now, victims find the scammers online." What are the most popular social media scams and how do fraudsters operate online? Here's an interesting article on their evolution: Have you identified or experienced a…
