投资欺诈
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FBI cybercrime report reveals 53% year-over-year increase in U.S. cryptocurrency investment fraud
According to FBI data, investment fraud involving cryptocurrency will grow from $2.57 billion in 2022 to $3.94 billion in 2023, an increase of 53%.
The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report showing a significant increase in cryptocurrency-related fraud and the use of digital assets in cybercrime.
Cryptocurrency investment scams
FBI data shows a significant increase in cryptocurrency-related investment scams, with losses rising from $2.57 billion in 2022 to $3.94 billion in 2023, a 53% increase.
These scams often lure individuals with the promise of high returns on digital currency investments. The report says these scams are becoming increasingly sophisticated, with cybercriminals capitalizing on the digital asset industry’s growth over the years to lure victims.
The FBI’s Internet Crime Complaint Center (IC3) has released its 2023 report showing a significant increase in cryptocurrency-related fraud and the use of digital assets in cybercrime.
Cryptocurrency investment scams
FBI data shows a significant increase in cryptocurrency-related investment scams, with losses rising from $2.57 billion in 2022 to $3.94 billion in 2023, a 53% increase.
These scams often lure individuals with the promise of high returns on digital currency investments. The report says these scams are becoming increasingly sophisticated, with cybercriminals capitalizing on the digital asset industry’s growth over the years to lure victims.
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🏢️SEC temporarily suspends fraud lawsuit against mining company Geosyn at the request of defendant executives!
On February 14, according to foreign media reports, the U.S. Securities and Exchange Commission (SEC) notified the Texas court that it would suspend the fraud lawsuit against cryptocurrency mining company Geosyn based on the request of the defendant executives. Prior to this, Geosyn Mining had also faced multiple federal charges.
Federal prosecutors pointed out that Geosyn's boss and former executives had committed fraud, misappropriating customer funds for personal consumption instead of investing in mining operations. After the incident was exposed, Geosyn's CEO Caleb Ward and former operations director Jeremy McNutt surrendered to the authorities.
The origin of the incident was that the defendants asked the U.S. Securities and Exchange Commission (SEC) to suspend the proceedings. They believed that the Trump administration's stance on cryptocurrencies could weaken the SEC's supervision. However, the SEC insisted that this case had no direct connection with cryptocurrency regulation and did not involve allegations of cryptocurrency sales.
So, the SEC's lawsuit filed in April last year pointed out that Caleb Joseph Ward and Jeremy George McNutt conducted a fraudulent securities offering without registration. The lawsuit documents show that from November 2021 to December 2022, they raised $5.6 million from 64 investors and made false statements about the mining business.
In short, the defendants promised investors special electricity deals that made the mining business look highly profitable, but they concealed the fact that no mining equipment was actually purchased or activated.
Ultimately, the SEC accused the defendants of using $1.2 million for personal consumption and paying $354,500 to other investors, falsely claiming that the funds were used to purchase Bitcoin, in order to legitimize their payment behavior.
This incident once again reminds investors that they must be vigilant when getting involved in the cryptocurrency market and that any investment opportunities should be fully investigated and risk assessed.
However, although the case has been temporarily shelved, the battle between the SEC and the defendants may continue.
💬What do you think? How do you think investors should protect themselves from this type of fraud? Leave a comment!
#投资者保护 #SEC诉讼 #GeosynMining #投资欺诈
On February 14, according to foreign media reports, the U.S. Securities and Exchange Commission (SEC) notified the Texas court that it would suspend the fraud lawsuit against cryptocurrency mining company Geosyn based on the request of the defendant executives. Prior to this, Geosyn Mining had also faced multiple federal charges.
Federal prosecutors pointed out that Geosyn's boss and former executives had committed fraud, misappropriating customer funds for personal consumption instead of investing in mining operations. After the incident was exposed, Geosyn's CEO Caleb Ward and former operations director Jeremy McNutt surrendered to the authorities.
The origin of the incident was that the defendants asked the U.S. Securities and Exchange Commission (SEC) to suspend the proceedings. They believed that the Trump administration's stance on cryptocurrencies could weaken the SEC's supervision. However, the SEC insisted that this case had no direct connection with cryptocurrency regulation and did not involve allegations of cryptocurrency sales.
So, the SEC's lawsuit filed in April last year pointed out that Caleb Joseph Ward and Jeremy George McNutt conducted a fraudulent securities offering without registration. The lawsuit documents show that from November 2021 to December 2022, they raised $5.6 million from 64 investors and made false statements about the mining business.
In short, the defendants promised investors special electricity deals that made the mining business look highly profitable, but they concealed the fact that no mining equipment was actually purchased or activated.
Ultimately, the SEC accused the defendants of using $1.2 million for personal consumption and paying $354,500 to other investors, falsely claiming that the funds were used to purchase Bitcoin, in order to legitimize their payment behavior.
This incident once again reminds investors that they must be vigilant when getting involved in the cryptocurrency market and that any investment opportunities should be fully investigated and risk assessed.
However, although the case has been temporarily shelved, the battle between the SEC and the defendants may continue.
💬What do you think? How do you think investors should protect themselves from this type of fraud? Leave a comment!
#投资者保护 #SEC诉讼 #GeosynMining #投资欺诈
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How this scammer stole over $2.6 million in cryptocurrency
Summary
• Stealing $2.6 million worth of Solana (SOL) tokens by impersonating cryptocurrency influencer Ansem and using a fake “BULL” token pre-sale.
• On-chain detective ZachXBT exposed this scam; the largest victim lost $1.2 million and similar scams continue.
•As interest in meme coins continues to rise, 57,000 people fell victim to cryptocurrency scams in February, losing more than $47 million.
A scammer claiming to be well-known cryptocurrency influencer Ansem has stolen over $2.6 million in Solana tokens (SOL). The scam unfolded on X (formerly Twitter), capitalizing on the meme token craze to lure investors into a fake pre-sale of a non-existent token called “BULL.”
• Stealing $2.6 million worth of Solana (SOL) tokens by impersonating cryptocurrency influencer Ansem and using a fake “BULL” token pre-sale.
• On-chain detective ZachXBT exposed this scam; the largest victim lost $1.2 million and similar scams continue.
•As interest in meme coins continues to rise, 57,000 people fell victim to cryptocurrency scams in February, losing more than $47 million.
A scammer claiming to be well-known cryptocurrency influencer Ansem has stolen over $2.6 million in Solana tokens (SOL). The scam unfolded on X (formerly Twitter), capitalizing on the meme token craze to lure investors into a fake pre-sale of a non-existent token called “BULL.”
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