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CFTC New Joint Crackdown Targets Crypto ‘Pig Butchering’ Scams

By: Antonio Smith / September 13, 2024

CFTC New Joint Crackdown Targets Crypto ‘Pig Butchering’ Scams Fighting an increasing menace in bitcoin fraud known as “pig butchering,” the Commodity Futures Trading Commission has declared a coordinated effort with other federal and commercial organizations. By doing this, the agency will work with several federal and private groups —not just the US Securities and Exchange Commission […]

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Online Scam Report (OSR) Announces the Recovery of Over $1M from xchief.com Crypto Scam for an Arkansas Nurse

By: Antonio Smith / September 9, 2024

Online Scam Report Announces the Recovery of Over $1M from xchief.com Crypto Scam for an Arkansas Nurse Online Scam Report (OSR), a leading provider of crypto recovery services, is pleased to announce the successful recovery of over $1M in cryptocurrency for an Arkansas nurse who fell victim to the XChief (xchief.com) crypto investment scam. The […]

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Prevent Billions in Losses to Crypto Scams

Chainalysis Operation Spincaster Aims to Prevent Billions in Losses to Crypto Scams

By: Antonio Smith / July 23, 2024

Chainalysis Operation Spincaster Aims to Prevent Billions in Losses to Crypto Scams Approval phishing is an increasingly popular tactic used by criminals to steal funds through different scamming techniques such as fake crypto apps and romance scams (also known as pig butchering), according to an update from Chainalysis. With the approval phishing technique, the scammer tricks the user […]

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CRYPTO SCAMS ARE RAMPANT. THE INDUSTRY NEEDS REGULATION.

By: Khan Sajid / June 20, 2024

If any industry ever needed more oversight, it’s the crypto business. But the industry is trying to dodge regulation — with help from Congress.   A recent bill passed by the House of Representatives claims to regulate the cryptocurrency industry and protect consumers. But the bill is a Trojan horse designed by an industry flush […]

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US’ CISA Cautions Crypto Users of Federal Impersonation Scams

By: Antonio Smith / June 17, 2024

The Cybersecurity and Infrastructure Security Agency (CISA) has warned crypto users in the US about rising cases of impersonation scams, in which scammers impersonate federal officers to extort users. This new wave of scams adds to the lengths scammers go to part users from their crypto. The CISA alerted users, stating, “Impersonation scams are on the rise and […]

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Gemini Settles for $50 Million for Lawsuit Over Its Earn Program

By: Khan Sajid / June 17, 2024

Gemini has entered into a $50 million settlement with the New York Attorney General’s Office as part of an agreement to offer restitution to its defrauded users who were unable to reclaim their assets deposited into the Gemini Earn program. This settlement brings the lawsuit from October 2023 to a satisfactory conclusion. Letitia James, the […]

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Unmasking the Livaxxen.com Scam: A Detailed Review

By: Antonio Smith / June 14, 2024

Unmasking the Livaxxen.com Scam: A Detailed Review In the world of online investments, where opportunities for financial growth are often just a click away, the rise of fraudulent platforms has become a significant concern. Livaxxen.com is one such platform that has recently drawn the attention of unsuspecting investors. In this blog, we’ll dive deep into […]

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