In the previous part of this series on cyber frauds, the focus was on UPI, credit and debit cards and ‘fedex’ scams. However, there are other kinds of frauds which are even less understood by the unsuspecting public. One of them is unceremoniously known as the ‘pig butchering scam’ and targets people by inducing them
The Brooklyn District Attorney’s Office, led by Eric Gonzalez, has dismantled a sophisticated cryptocurrency scam that duped individuals across the U.S. out of millions. The so-called “pig butchering” scheme revolved around a deceptive practice where scammers befriended unsuspecting victims online, and steered them toward investing in cryptocurrencies through fraudulent websites and apps. Afterward, they ultimately
JAY STREET — Working with elaborate detail and website analysis, an investigative unit specializing in virtual currency in the Brooklyn DA’s office successfully disrupted a “pig butchering operation” that defrauded people from across the United States out of millions of dollars. Pig butchering refers to the practice of striking an online conversation with an unsuspecting
As a new generation of investors cheers the revival of bitcoin, many of them could become victims of scams conjured by burgeoning criminal networks that enlist more recruits to dupe unsuspecting investors. How crypto investigators uncover scammers’ blockchain billions in Asia The billion-dollar industry often targets individuals who are tricked into working at huge scam
US authorities have charged 17 people for their alleged involvement in a multi-million-dollar crypto Ponzi scheme. In a new press release, the U.S. Securities and Exchange Commission (SEC) says it is charging 17 individuals with operating a crypto scheme that targeted 40,000 investors across three countries. According to the regulatory agency, Texas-based firm CryptoFX allegedly
People looking for love on dating apps are being lured into cryptocurrency scams. Here is what red flags you should be on the lookout for when swiping right to more than just love. Amie Mitchell is the CEO of the Better Business Bureau (BBB) of Eastern Oklahoma. She said complaints have started to come in
The man from Hong Kong was not the only employee targeted at the company A finance worker has been tricked into paying scammers £20million by a deepfake video call using AI copies of his colleagues, including his British-based boss. The employee in Hong Kong first received an email supposedly from his chief financial officer (CFO)
A young woman in China claims she was tricked into taking a job at a cosmetic surgery company, only for her employer to pressure her into getting a nose job and incurring 25,000 yuan (US$3,500) in debt. The woman, surnamed Chen, accepted a position as a receptionist with the company on November 21, with her