FBI Cle Starting New Initiative to Prevent Crypto Scams

FBI Cle starting new initiative to prevent crypto scams

CLEVELAND (WKBN) -- According to the Federal Internet Crime Complaint Center, about $9.3 billion was lost in cryptocurrency scams across the U.S. in 2024 alone, showing a 66% increase from the year before. A new initiative out of the FBI office in Cleveland is aimed at preventing these crimes. On Thursday, the Midwestern Cryptocurrency Task Force held a Boot Camp for members of the media to learn about cryptocurrency ecosystems and efforts to pr…

How to Avoid and Recover From Common Crypto Scams and Frauds

The rise of cryptocurrency brings incredible opportunities—but also risks. As crypto adoption grows in 2025, scammers will become more sophisticated, targeting unsuspecting investors and users with phishing, rug pulls, fake giveaways, and more. Knowing how to avoid common crypto scams and what to do if you fall victim can save you thousands—and help protect the entire community. Common Crypto Scams and How to Spot Them 1. Phishing Attacks Scamme…

Crypto scam: U.S. Court orders forfeiture of $125,000 in crypto funds linked to 3 Nigerians

A United States District Court has ordered the forfeiture of $125,000 worth of cryptocurrency funds recovered from the Binance accounts of three Nigerians, stolen from an American victim via a Telegram scam staged in 2021. The legal action comes amid months of waiting for the Nigerians to claim the assets.  According to a judgment delivered by the Eastern District of Tennessee in Chattanooga on April 30, the crypto assets were seized from three …