U.S. federal authorities have established a new task force to disrupt Chinese cryptocurrency scam networks that defraud Americans of nearly $10 billion annually.
1European law enforcement authorities have arrested nine suspected money launderers who set up a cryptocurrency fraud network that stole over €600 million ($689 million) from victims across multiple countries.
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Modern attacks have shifted focus to the browser, yet detection tools remain largely blind to the crucial activity happening there.
Join Push Security on February 11th for an interactive "choose-your-own-adventure" webinar on ClickFix, credential phishing, and other in-browser attacks we've observed in the wild.
The U.S. Department of Justice has seized $15 billion in bitcoin from the leader of Prince Group, a criminal organization that stole billions of dollars from victims in the United States through cryptocurrency investment scams, also known as romance baiting or pig butchering.
0Law enforcement authorities in Europe have arrested five suspects linked to a cryptocurrency investment fraud ring that stole over €100 million ($118 million) from more than 100 victims.
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0Americans aged 60 and older lost a staggering $700 million to online scams in 2024, marking a sharp rise in fraud targeting seniors, according to the Federal Trade Commission.
0Nigerian national Chukwuemeka Victor Amachukwu has been extradited from France to the U.S. to face charges of hacking, fraud, and identity theft for suspected spearphishing attacks on U.S. tax preparation businesses.
0The Spanish police have dismantled a large-scale investment fraud operation based in the country, which has caused cumulative damages exceeding €10 million ($11.8M).
0Spanish authorities have arrested five individuals in Madrid and the Canary Islands, suspected of laundering $540 million (€460 million) from illegal cryptocurrency investment schemes and defrauding more than 5,000 victims.
0The U.S. Department of Justice has seized more than $225 million in cryptocurrency linked to investment fraud and money laundering operations, the largest crypto seizure in the history of the U.S. Secret Service.
0Five men from China, the United States, and Turkey pleaded guilty to their involvement in an international crime ring and laundering nearly $37 million stolen from U.S. victims in cryptocurrency investment scams carried out from Cambodia.
0The U.S. Treasury Department has sanctioned Funnull Technology, a Philippines-based company that supports hundreds of thousands of malicious websites behind cyber scams linked to over $200 million in losses for Americans.
0Spain's police arrested six individuals behind a large-scale cryptocurrency investment scam that used AI tools to generate deepfake ads featuring popular public figures to lure people.
0Interpol calls on the cybersecurity community, law enforcement, and the media to stop using the term "Pig Butchering" when referring to online relationship and investment scams, as it unnecessarily shames the victims impacted by these fraud campaigns.
2Meta announced that it has taken down 2 million accounts across its platforms since the beginning of the year that are linked to pig butchering and other scams.
4Fake trading apps on Google Play and Apple's App Store lure victims into "pig butchering" scams that have a global reach.
0The FBI says that 2023 was a record year for cryptocurrency fraud, with total losses exceeding $5.6 billion, based on nearly 70,000 reports received through the Internet Crime Complaint Center (IC3).
0The U.S. Department of Justice charged two suspects for allegedly leading a crime ring that laundered at least $73 million from cryptocurrency investment scams, also known as "pig butchering."
0The U.S. Department of Justice charged four suspects (two of them already detained) for their alleged involvement in a pig butchering fraud scheme that resulted in more than $80 million in victim losses.
1The Australian Competition & Consumer Commission (ACCC) says Australians lost a record $3.1 billion to scams in 2022, an 80% increase over the total losses recorded in 2021.
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