As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. That’s according to a new report by the Financial Action Task Force (FATF), whose president told CoinDesk Thursday (March 28) that this low level of response — with under 30% of...
Federal authorities have seized almost $9 million in cryptocurrency tied to a scam ring. The U.S. Justice Department (DOJ) announced Tuesday (Nov. 21) the seizure of Tether — a crypto pegged to the American dollar — tied to a group that scammed more than 70 people....
Even the criminals have felt the chill of the crypto winter. Kim Grauer, director of research at Chainalysis, told PYMNTS that the state of crypto-related fraud … depends on where you look. The interview came against the backdrop where Chainalysis said last month that the...
From trading at less than a dollar in its first few years of existence to over $60,000 in late 2021, the story of bitcoin’s meteoric rise has often been used by scam artists as bait for inexperienced investors looking to make huge gains in the...
March 06, 2023
Even the criminals have felt the chill of the crypto winter. Kim Grauer, director of research at Chainalysis, told PYMNTS that the state of crypto-related fraud … depends on where you look. The interview came against the backdrop where Chainalysis said last month that the money the bad actors made off with from various scams […]
May 30, 2024
The Treasury Department has a warning for NFT fans: use them at your own risk. The department released an assessment Wednesday (May 29) finding that non-fungible tokens (NFTs) — while rarely involved in things like terror financing — are nonetheless “highly susceptible” to theft and use in fraud and scams. “Additionally, criminals use NFTs to launder proceeds from predicate […]
March 28, 2024
As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. That’s according to a new report by the Financial Action Task Force (FATF), whose president told...
November 21, 2023
Federal authorities have seized almost $9 million in cryptocurrency tied to a scam ring. The U.S. Justice Department (DOJ) announced Tuesday (Nov. 21) the seizure of Tether — a crypto pegged...
May 17, 2021
Cryptocurrency investment scams are on the rise, with people reporting they have lost over $80 million due to fraud including fake Elon Musk claims and celebrity impersonators, the Federal Trade...
