Tag: cryptocurrency fraud

FBI warns of fake remote work ads used for cryptocurrency fraud
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FBI warns of fake remote work ads used for cryptocurrency fraud

The FBI released a warning today on con artists who pose as recruiters for reputable companies and use fictitious remote job ads to steal cryptocurrencies from job seekers around the country. These work-from-home scams aim to entice victims by offering simple chores like "optimizing" a service or reviewing other businesses on the internet. The FBI issued a warning about the scammers, who pose as reputable companies like staffing or recruiting agencies and may approach victims via unwanted call or message. The fraudulent job is designed with an ambiguous reward system, and the fraudster receives all payments made by victims who want to 'unlock' work or earn additional money through cryptocurrencies read more about FBI warns of fake remote work ads used for cryptocurrency fraud. ...
Twitter Hacker Sentenced to Prison for $120,000 Crypto Scam
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Twitter Hacker Sentenced to Prison for $120,000 Crypto Scam

A British national who participated in the significant Twitter hack in July 2020 was given a five-year prison term in the United States. Shortly after entering a guilty plea to the criminal offences, Joseph James O'Connor (aka PlugwalkJoe), 24, was given the term on Friday in the Southern District of New York. His arrest took place in July 2021 in Spain. The infamous Twitter security breach gave the defendant and his accomplices access to Twitter's backend tools without authorization, which they exploited to take control of 130 well-known accounts and run a cryptocurrency fraud that brought in around $120,000 in unlawful gains read more Twitter Hacker Sentenced to Prison for $120,000 Crypto Scam. Stay one step ahead of cyber threats with ReconBee.com. Explore our comprehensive co...
US Authorities Seize $112m From Pig Butchering Scammers
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US Authorities Seize $112m From Pig Butchering Scammers

Six bitcoin wallets alleged to have been used to launder the proceeds of investment fraud scams have been seized, according to the US Department of Justice (DoJ). The estimated $112 million in the wallets was a drop in the bucket compared to the more than $3.3 billion that will be lost to investment fraud in 2022. According to the FBI, the majority of this amount ($2.6 billion) was attributable to cryptocurrency fraud, with the value of linked frauds increasing by 183% from 2021. The seizures were approved by judges in the Districts of Arizona, California's Central District, and Idaho. The money in the six cryptocurrency wallets is read more US Authorities Seize $112m From Pig Butchering Scammers. With ReconBee.com Stay ahead of the latest threats with in-depth coverage of cyber ...