#CryptocurrencyFraud

[usa-town-talks]

Ukrainians Use Fake Dating Profiles to Scam Russians for War Funds

Ukrainian scammers are reportedly exploiting fake dating profiles to defraud Russian men out of thousands of pounds, using the funds to support their nation's ongoing war effort. The operation, identified as the "Monetary Army," has been successfully deceiving Russian soldiers, police officers, and military academy students, among others, with tactics designed to extract up to £19,000 from individual victims.

The scammers, who operate under the guise of attractive women on the popular Russian dating app Divinchik, employ a variety of deceptive strategies to target their victims. Arthur, a member of the Monetary Army, detailed their approach to the Telegraph, explaining that the primary goal is to lure men into purchasing tickets for fictitious events, such as theater performances, stand-up comedy shows, or cinema screenings. These tickets are priced at around £35 and are paid for using cryptocurrencies to avoid detection.

Once the transaction is complete, the scammers inform the victims that the event cannot proceed and instruct them to seek a refund. The refund process is facilitated through a fake customer support channel, often operated by the same scammer under a different identity. Victims are then coerced into purchasing additional tickets as a deposit for the refund, further entrenching them in the scam.

Arthur disclosed that while the Monetary Army typically earns around £100 per scam, the most significant amount extracted from a single individual was £19,000. Though a portion of the funds is directed to support the Ukrainian army, the majority is used to compensate staff, with Arthur himself earning approximately £1,600 per month from the operation.

The Ukrainian military's need for financial support comes amid an intensifying conflict that has now persisted for 28 months. Recent hostilities saw Russian shelling in Ukraine resulting in the deaths of four individuals, while drone attacks by Ukrainian forces targeted a Russian oil depot in Rostov, igniting significant damage. Ukrainian officials reported casualties and injuries in both the Kherson and Kharkiv regions as the conflict continues to escalate.

In summary, the Monetary Army’s fraudulent schemes highlight a grim facet of the ongoing war, where the exploitation of digital platforms and personal interactions is used to fund the conflict. As the war rages on, both the psychological and financial toll on individuals continues to grow, with the deceptive practices of the Monetary Army representing a troubling intersection of technology and warfare.

[cpapartners]

Cryptocurrency fraud costs $1.56B

By Chris Gaetano

Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.

[usnewsper-business]

Billionaire Cryptocurrency CEO Arrested for Fraud: A Lesson in Accountability for the Wealthy #cryptocurrencyfraud #cryptocurrencyregulation #FTXvaluation #SamBankmanFried #wealthyindividualsinprison

[ladookhotnikov]

Another story with scammers

In the United States, authorities captured about $9M in the USDT, belonging to the organized scammers. Recently, a significant amount of scammers' funds have been confiscated, and this case has only caught my attention because it has been used, in my opinion, one of the most heinous criminal techniques.

The attackers created several dozens of sites simulating the operation of crypto-currency exchanges. Such crypto exchange attracted clients who invested significant amounts. In order to keep customers on the exchange for as long as possible and invest new and new funds, trusting, friendly and sometimes romantic relationships have been established with them. The methods of social engineering made it easy to build trust and persuade people to pay as much as possible. Well, how can you not listen to a friendly recommendation or even a request from such a nice girl or romantic man... The customers waited in vain to arrive: the intruders quickly disappeared along with all the money. In total, about 200 people were victims of this scheme. 

I have no intention of scolding unscrupulous criminals and innocent victims again. Both act within their own morals and are unlikely to accept my emotions.

Why do you think the criminals worked with cryptocurrencies instead of traditional fiat? The fact is that cryptocurrencies are still associated with the possibility of quick easy earnings and ultra-high profits. And this is bad for business. On the one hand, this attracts scummers and discredits the crypto business. Increased fraud risk automatically reduces investment attractiveness, especially for sophisticated projects that do not involve simple trading.

Business needs calm, and this is not yet. It should take time until market participants learn to work properly, first of all, assess risks. Until then, we will hear more such sad stories.

[kenndowell]

Don't Fall Victim to Cyber Scams! FBI Expert Reveals All!

🚨 Don't Fall Victim to Cyber Scams! 🕵️‍♂️ FBI Expert Reveals All! 🚨 https://www.youtube.com/watch?v=OUJPVCYFhvw 🚨 Don't Fall Victim to Cyber Scams! 🕵️‍♂️ FBI Expert Reveals All! 🚨 Ever wondered how you can protect yourself from cybercriminals? Tune in as we dive deep with an FBI cybercrime expert to unravel the tactics scammers use and how you can outsmart them! Our guest, Special Agent Johnston, brings over 22 years of FBI experience directly to you, sharing invaluable insights on cyber safety and fraud prevention. In this gripping episode, we explore real-life cases and get expert advice on shielding your personal and financial information from nefarious online activities. Whether it's phishing scams, credit card fraud, or more sophisticated cyber threats, Agent Johnston covers it all, providing you with the tools to stay safe online. 👉 Hit the like button, subscribe for more empowering content, and smash that notification bell so you never miss out on our weekly insights into art, culture, politics, and business. Your next strategic move starts right here! #BeatTheScammer #CybercrimePrevention #FBITips #OnlineSafety #StaySecure #FinancialCrimes #VictimSupport #FinancialScams #ScamReporting #BitcoinScams #CyberTips #CybercrimeProtection #CryptocurrencyFrauds #InternetFraudPrevention #CyberEducationPrograms CHAPTERS: 0:00 - Intro 1:03 - Safety Guidelines 1:30 - DJ K Yung Interview 3:10 - FBI Agent Johnston Profile 8:33 - Cyber Crime Overview 10:42 - Cyber Scams Targeting Seniors 12:52 - Cyber Safety for Youth 17:40 - Money Mules Explained 19:05 - Reporting Cyber Scams 21:16 - Ohio Cyber Crime Statistics 24:08 - Legal Consequences of Hacking 26:38 - FBI Victim Support Resources 32:44 - FBI Cybersecurity Education 33:58 - Challenges in Sextortion Cases 38:00 - Understanding Swatting 39:57 - Grandparents Scam Tactics 42:30 - Swatting Incidents Analysis 45:46 - Cryptocurrency Fraud 49:25 - Cryptocurrency Trends 50:20 - Major Cyber Crimes 51:20 - Data Preservation Tips 53:48 - Final Words via Strategic Moves With Kenn Dowell https://www.youtube.com/channel/UCuR0qSitL0BzCbd9I16VOoQ May 12, 2024 at 03:04AM

[bitcoincables]

Beware of Recent Bitcoin Scams in Pittsburgh: Police Warning & Tips

In Pittsburgh, the police are warning people about recent bitcoin scams that have targeted at least two individuals. 🚨 The scammers pretended to be Apple Support or customer service representatives, convincing victims to withdraw thousands of dollars to buy bitcoin. These incidents highlight the importance of being cautious and verifying requests before taking any action.

Recent cases in Pittsburgh and surrounding areas involved victims being alerted about hacked computers or accounts and then coerced into purchasing bitcoin. The scammers specifically targeted older adults, but everyone is vulnerable to such scams. If you suspect you have been a victim, contact your local police department immediately to report the incident and seek assistance in potentially recovering lost funds.

North Huntingdon police managed to retrieve some of the defrauded money in one case, emphasizing the importance of swift action. Scams involving cryptocurrency like bitcoin can result in irreversible financial loss, making it crucial for the public to stay informed and cautious. 🛑 Remember, once money is sent to scammers, it is often difficult to recover. Let's work together to prevent these fraudulent schemes and protect our communities. #BitcoinScam #PittsburghPolice #CryptocurrencyFraud #StaySafe

Read the original article here

[reneleijen]

Vaker oplichting via mobiel

In 2022 is het aantal gemelde gevallen van oplichting via sms, berichten-apps (zoals Whatsapp) en sociale media met een factor twaalf toegenomen. Slachtoffers worden soms wekenlang misleid en langzamerhand ‘binnengehengeld’ en uiteindelijk gemanipuleerd en misleid. Vaak gaat het om cryptocurrencyfraude, ook wel ‘varkensslachting’ genoemd. Andere fraudes met tekstberichten zijn ‘romantische…

[digitalgoldxchange-blog]

By creating an educational center for our traders, DGX wants to increase the knowledge of the trader on cryptocurrency. This way they could easily save themselves from Cryptocurrency Fraud.

[cryptostore-blog]

✅ Bitcoin Fraud Victim Suffers A Huge Loss In Life Savings ✅ Read Out More 👉 https://buff.ly/37kbPbT

#Bitcoin #BitcoinFraud #FrancesFoster #FrancesFosterBitcoinFraud #FrancesFosterBitcoinFraudCase #BitcoinFraudCases #MsnNews #LtcMarkets #Actionfraud #CryptoScams #Bbc #Cryptocurrencies #CryptocurrencyWallets #CryptoExchange #Icos #CryptoBasedProducts #CryptoWallet #CryptoFraud #CryptocurrencyFraud #FraudsInCrypto #ScamsOfCrypto #ScamsOfCryptocurrency #CryptoTradingStrategies #CryptoTrading #DigitalCash 

[usnewsper-business]

FTX Trial Exposes Cryptocurrency Fraud: A Warning for Investors #cryptocurrencyfraud #FTXtrial

[usnewsper-business]

Billionaire Cryptocurrency CEO Arrested for Fraud: A Lesson in Accountability for the Wealthy #cryptocurrencyfraud #cryptocurrencyregulation #FTXvaluation #SamBankmanFried #wealthyindividualsinprison