SIT Arrests 7 More in Himachal Pradesh Cryptocurrency Fraud Case

SIT Arrests 7 More in Himachal Pradesh Cryptocurrency Fraud Case

ByNews Polite

The Special Investigation Team (SIT) probing the multi-crore cryptocurrency fraud case in Himachal Pradesh has arrested seven more persons for their involvement in luring unsuspecting victims with fake investment plans, police said on Tuesday. All accused played distinct roles in the fraud from managing back-end office activities and databases, coordinating…

SIT Arrests 7 More in Himachal Pradesh Cryptocurrency Fraud Case

Cryptocurrency Worth $930,000 Seized by CBI From Ahmedabad-Based Man Who Allegedly Defrauded US Citizen

ByNews Polite

The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company’s fraud department, officials said. Based on inputs from the Federal Bureau of Investigation (FBI) of the United States, the…

JPMorgan’s UK Bank Chase to Ban Crypto Transactions After Increase in Scams

JPMorgan’s UK Bank Chase to Ban Crypto Transactions After Increase in Scams

ByNews Polite

JPMorgan’s British retail bank Chase will ban crypto transactions made by customers from October 16 due to an increase in fraud and scams, the company said on Tuesday. “We’ve seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the…

Crypto Fraudsters Exploiting Ads on Google Search Results for Scam Websites: Expert

Crypto Fraudsters Exploiting Ads on Google Search Results for Scam Websites: Expert

ByNews Polite

Crypto scammers, who hunt for unsuspecting victims on various social networking platforms, are now expanding their footprint to the Google search engine. Preying on people’s tendencies to interact with advertisements on Google, these scammers are now tapping into the popular search engine to facilitate their own malicious crimes. This week,…

Thailand Blames Facebook for Getting Thousands Duped to Crypto Scams, Plans Legal Action

Thailand Blames Facebook for Getting Thousands Duped to Crypto Scams, Plans Legal Action

ByNews Polite

Thailand is displeased with Facebook for not adequately monitoring and eliminating the circulation of risky financial schemes on its platform. As per Thailand’s ministry of digital economy, over 2,00,000 Thai nationals have been duped via Facebook where scammers lured them with crypto schemes and auctions for high returns, among other…