Scams
137 articles
JPMorgan Chase Insider Drains Customers’ Accounts, Lifts $12,948 in Cash From ATMs: US Bank Regulator
A US regulator says a former JPMorgan Chase employee has admitted to stealing thousands of dollars from customers’ accounts and from the bank’s ATMs. The Office of the Comptroller of…
‘Consider Changing Your PIN’ – Wells Fargo Customers Warned by Police As ATMs Rigged by Scammers Twice in One Week: Report
Police are warning Wells Fargo customers about a serial card skimming scam targeting people who use the bank’s ATMs. Authorities in the Southern California city of Pasadena say that for…
WazirX Hacker Continues To Launder Stolen Ethereum (ETH) Through Crypto Mixer Tornado Cash: PeckShield
The hacker who plundered more than $230 million worth of crypto assets from the Indian exchange WazirX in July continues to launder their stolen Ethereum (ETH), according to the blockchain…
33,928 Bank Customers Receive Data Breach Alerts As US Lenders Warn Highly Sensitive Information Exposed
Tens of thousands of people are receiving data breach alerts as two US banks disclose security lapses to their customers. According to new filings with the Office of the Maine…
US Government Losing $233,000,000,000+ To Fraud Every Year, According to First-Ever Estimate From America’s Accountability Office
A groundbreaking new report shows the US government is losing a staggering amount of money to fraud every year. The Government Accountability Office’s (GAO) first “Fraud Risk Management” report estimates…
Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield
An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield. PeckShield says that the…
Crypto ‘Mastermind’ Allegedly Behind $3,360,000 Scheme Arrested in South Korea: Report
Police in South Korea have captured a cryptocurrency scammer who reportedly defrauded millions of dollars from unsuspecting victims. According to the South Korean publication Newsis, the Seoul Metropolitan Police Agency’s…
Federal Trade Commission Issues Warning on Crypto ATM Scams, Says Victims Losing $10,000 on Average: Report
The Federal Trade Commission (FTC) is reportedly issuing a warning about crypto ATM scams, noting that victims are losing thousands of dollars in the scheme. According to a new report…
Banking Giant Says Tens of Thousands of Customers Are Spending Millions on Products That Never Arrive: Report
Lloyds Bank says tens of thousands of customers in the UK are falling for fake websites while shopping. The bank says credit and debit card customers have been fooled into…
Gold Dealers Part of ‘Large Laundering Network’ Agree To Plead Guilty to National Crypto and Romance Scam: Report
Two US-based gold dealers are reportedly pleading guilty over their roles in a nationwide scam that involves cryptocurrencies. According to a new report by The State, Kenneth Brown Jr. and…
JPMorgan Chase Customers Extract Cash From ATMs Using Supposed Bank ‘Glitch’ – And Immediately Regret It
An illicit method of extracting cash from JPMorgan Chase ATMs is going viral. Posts and videos are spreading across social media of a supposed “glitch” that appears to be centered…
Woman Deposits $6,000 Into Scammer’s JPMorgan Chase Account, Banking Giant Says Reimbursement Not Happening: Report
JPMorgan Chase says it’s not responsible after an Ohio woman deposited $6,000 directly into a scammer’s Chase bank account. The scammer initially called the victim and pretended to be with…
Scammers Draining Cash Directly From ATMs, Emptying Bank Accounts Without Debit Cards in Sophisticated Scheme: Cybersecurity Researchers
Cybersecurity researchers say scammers have found a sophisticated way to drain bank accounts directly from ATMs – without needing a debit card in hand. Experts at the cybersecurity software firm…
‘Pig Butchering’ Is the Most Lucrative Crypto Scam in 2024: Chainalysis
New data from market analytics platform Chainalysis reveals that “pig butchering” schemes are the most lucrative type of crypto scam in 2024. In its 2024 crypto crime mid-year report, Chainalays…
SEC Charges Brothers for Fake Crypto Trading Bot That Led to Misappropriation of About $54,000,000
The U.S. Securities and Exchange Commission (SEC) charged two brothers with allegedly operating a $61.5 million Ponzi scheme that relied on promoting a fake crypto trading bot. The SEC accuses…
DOJ Thanks Tether for Assistance in Seizure of $5,000,000 USDT in Fraud Scheme
The U.S. Department of Justice (DOJ) says stablecoin issuer Tether has helped authorities recover funds stolen for victims of a prevalent crypto investment scam. In a statement, the Justice Department…
‘De-Anonymizing’ Firm Arkham Launches Bounty To Identify Owners of Wallets Associated With Fraudulent Altcoin Project
Blockchain analytics firm Arkham is launching a bounty program to identify the owners of crypto wallets linked to a digital asset scam. In a new post on the social media…