Fraudsters Apprehended by South Korean Police After Elderly Loses $4.1M in Crypto Scam
Criminals have escalated their tactics in preying on the elderly through intricate crypto scams.
CatherineCriminals have escalated their tactics in preying on the elderly through intricate crypto scams.
CatherineSouth Korean crypto exchanges exceeded the stock market in trading volume, driven by increasing interest in altcoins and a high-risk investment preference among Korean investors.
WeiliangBlockchain sleuths uncover $100 million scam in Myanmar using Tether tokens, revealing a cyberpunk thriller-like deception centered around KK Park. Despite blockchain's transparency, Tether and Tron facilitate fraud, prompting calls for regulatory action and industry collaboration.
Huang BoSouth Korean police warn of crypto scammers in chat app "reading rooms," deceiving investors with false promises, leading to an investigation and calls for vigilance against such fraudulent schemes.
AlexSouth Korea has introduced life imprisonment for cryptocurrency crimes, targeting offences like price manipulation and insider trading. The new law aims to safeguard digital asset investors and ensure market integrity within the cryptocurrency industry.
JoySouth Korea plans to impose restrictions on cryptocurrency users, preventing them from engaging in trading activities on foreign exchanges.
ZoeySingapore Prime Minister Lee Hsien Loong has issued a warning against deepfake videos circulating on social media, urging the public to be cautious of cryptocurrency investment scams. The Prime Minister clarified a deepfake video on Facebook, emphasizing the use of AI technology to manipulate his voice and image. He called on the public to ignore such videos and report false information. The Prime Minister also noted the escalating threat of deepfake videos, with recent reports indicating a 500% surge in such content within the country in 2023.
SanyaSouth Korean MPs' $100 Million Crypto Trades Uncovered; New Disclosure Rules Set for 2024
AlexThe global surge in reported crypto scams has sparked inquiries about the possible link between the growth of the cryptocurrency market and the escalation of fraudulent incidents.
Hui XinMajor exchanges are already preparing to meet the new requirements.
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