Whitfield County Sheriff's Office raising awareness of cryptocurrency ATM scam tactics

Whitfield County Sheriff's Office raising awareness of cryptocurrency ATM scam tactics

The signs being placed at the machines remind people of the red flags to look for in a potential scam and how to report any kind of fraudulent activity.

Walker seeks to stamp out cryptocurrency fraud across Illinois

SPRINGFIELD — Through a new bill, State Senator Mark Walker aims to crack down on more than $163 million lost to cryptocurrency fraud in Illinois in 2023. “The rise of digital assets has opened the door for financial opportunity, but also for bankruptcy, fraud and deceptive practices,” said Walker (D-Arlington Heights). “We must set standards for those who have evolved in the crypto business to ensure they are credible, honest actors.” Senate Bi…

Whitfield County Sheriff's Office Warns Residents About Cryptocurrency ATM Scam Tactics and How to Protect Yourself - Market-News24

The Whitfield County Sheriff’s Office is raising awareness about scams related to cryptocurrency ATMs. According to a recent Facebook post, these machines are being targeted by scammers who provide victims with instructions to make transactions, leading them to unknowingly send money to the scammers’ wallets. The WCSO highlights that transactions made this way are challenging ...

Anatomy of a Crypto Scam: S. Korea Exposes $4.85M ACE Token Fraud Tactics

South Korea details fake volume & spoofing tactics in ACE token manipulation case Tactics led to $4.85M losses, 15x volume surge on Bithumb via fake orders Seoul trial ongoing; case may set precedent for global crypto manipulation rules South Korean authorities detailed two fraudulent trading tactics used in the price manipulation of the Fusionist (ACE) token, which resulted in investor losses totaling 7.1 billion won ($4.85 million).  Findings …