Posted on Leave a comment

The Evolution of Crypto Scams: From Fake ICOs to AI Deepfake CEOs

Cyber Security Hacker 3177793946

The cryptocurrency space has undergone significant changes over the last decade, and the scams targeting unsuspecting investors have unfortunately evolved in tandem. The earliest scams were pretty straightforward, relying mainly on hype, confusion, and the general public’s limited understanding of blockchain technology. However, as crypto has become more mature, the methods used by criminals have also become more advanced. Modern schemes — like Marco Oliva’s Ponzi scheme operation, deepfake-powered impersonations, and professionally branded frauds — demonstrate the extent to which scammers exploit innovation.

Continue reading The Evolution of Crypto Scams: From Fake ICOs to AI Deepfake CEOs

Posted on Leave a comment

Over 46,000 people reporting losing more than a billion dollars in crypto to scams since the start of 2021

Utah Software Engineer Mints Physical Bitcoins

the staff of the Ridgewood blog

Ridgewood NJ, if the cryptocurrency craze feels like a tempting way to make money, or you think you’re missing out, read on. Because, according to the FTC’s new data spotlight, scammers are banking on what you don’t know about cryptocurrency — or scammers’ tricks. And that could cost you serious money.

Continue reading Over 46,000 people reporting losing more than a billion dollars in crypto to scams since the start of 2021