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💼 FBI Creates Its Own Cryptocurrency to Expose Fraudulent Schemes 💼 In a bold operation, the FBI launched NexFundAI, an Ethereum-based cryptocurrency, to infiltrate and dismantle fraudulent crypto operations. This unprecedented move has led to 18 arrests across the U.S., U.K., and Portugal, disrupting major pump-and-dump schemes in the cryptocurrency market. 🔍 Key Insights: 🛑 Undercover Operation: The FBI developed NexFundAI, posing as a legitimate crypto asset, allowing them to track fraudsters engaging in wash trades and market manipulation. 🔐 Fraudulent Schemes Exposed: Defendants manipulated token prices by executing sham trades, misleading investors into thinking the tokens were valuable. ⚖️ Major Arrests: 18 individuals and entities have been charged, and $25 million in fraudulent proceeds were seized. Several have already pleaded guilty. 💰 The Impact: 💸 Fraudulent crypto activities cost investors millions, exposing the dark side of the rapidly evolving digital currency space. 🚔 This operation highlights the growing regulatory efforts to combat crypto fraud. ⚙️ What This Means for Investors: 📊 Be Cautious: The case serves as a reminder to thoroughly vet any cryptocurrency before investing. 🕵️ Research Before You Buy: Ensure the tokens you're investing in are legitimate and have verifiable trading activity. 💡 Pro Tip: Always check if cryptocurrencies are backed by credible institutions and avoid trading on hype alone. 🔗 How do you think this will affect future crypto regulations? Share your thoughts in the comments below. For more updates on cryptocurrency and cybersecurity, follow MyCyberWiki on LinkedIn. 📚 Sources: DOJ, FBI, SEC #Cryptocurrency #FBI #CryptoFraud #CyberSecurity #PumpAndDump

Want to keep your crypto safe? Discover 9 proven strategies to secure your portfolio like a pro. Know more: https://lnkd.in/dKsp2B8Q For more such updates, visit VoiceofCrypto.online 🌐📰 #VoiceOfCrypto #CryptoNews #Crypto

A 21-year-old man has pleaded guilty to stealing $37,704,560 worth of cryptocurrency in a cyberattack. ⚖️ According to an announcement by the U.S. Department of Justice, the young man, named Evan Frederick Light, admitted on September 30, 2024 to stealing the cryptocurrency from an unnamed investment holdings company based in Sioux Falls, South Dakota in 2022. 🦝 In a Statement of Fact, Light says that he and unknown co-conspirator(s) stole the identity of a legitimate client of the company to gain access to the enterprise's servers. They then exploited vulnerabilities to spread further into the network. 💱 Using this access, Light explains they stole the personal information of the company's clients, which was then used to steal the cryptocurrency owned by 571 victims. After that, he proceeded to transfer the cryptocurrency to various coin-mixing services and gambling websites to obscure the trace of the assets and hide his real identity. 🚔 Despite this, the FBI was able to track him down and arrest him, leading to his indictment in May 2023. Initially, Light had not pleaded guilty, but he has now admitted his involvement in the cyberattack. He faces up to 20 years of imprisonment per count, three years of supervised release, and restitution. 💸 Whether or not victims will get any of their money back remains to be seen, as the authorities have not announced the seizure of any assets held by Light. 💡 To best secure cryptocurrency, it is recommended to use cold wallets, which store crypto offline and are less susceptible to hacking, use multi-factor authentication, and limit the sharing of sensitive information online. #crypto #cryptocurrency #hack -- P.S.: If you discover us through this post, we invite you to follow our content here on LinkedIn, or on YouTube. All the links are in the comments below 👇

As the #BitcoinHalving is only few hours from now, it's important to beware of potential fraudulent activities that may arise during this time. Here are some tips to guide you throughout the season; bit.ly/4aHDggg To safely buy or sell crypto: binusu.com

The Federal Bureau of Investigation (FBI) in the USA 🇺🇸 has issued a stern warning about an increase in scams targeting cryptocurrency holders. 🚨 🦅 The FBI has warned about scammers posing as employees of cryptocurrency exchanges to deceive users and steal their funds. 🚨 🚔 according to Financial Times these are the main scams 🚨 Exchange impersonation: Scammers pose as employees of cryptocurrency exchange platforms to contact users and request confidential information such as passwords or private keys. False investment offers: They promise high and quick returns in exchange for investing in fake cryptocurrencies or pyramid schemes. Fake fund recovery: They pretend to be cybersecurity experts and offer to recover funds lost in previous scams,but in exchange for an upfront payment. Are you wondering how to protect yourself from these scams? 🤔 Always verify identity: Be wary of any unsolicited communication, whether by email, phone, or text message.Verify the sender's identity through the exchange's official channels. 📲 Do not share confidential information: Never reveal your passwords, private keys, or personal information to anyone. 📣 Research before investing: Conduct thorough research on any proposed investment and consult with trusted financial experts. 👨⚖️ Use secure wallets: Store your cryptocurrencies in secure wallets and avoid sharing your seed phrases with anyone. 💱 Stay informed: Follow the news and updates on the latest cryptocurrency scams. 🤓 #bitcoin #cryptoassets #FBI #USA #Scams

Binance's Antidote to Crypto Scams: Millions of Poisoned Addresses Detected! ️ Cryptocurrency enthusiasts, rejoice! Binance's security team has developed a powerful weapon against address poisoning scams – a sophisticated algorithm that's already identified millions of spoofed addresses across BNB Smart Chain and Ethereum. How it works: Imagine a scammer sends tiny crypto amounts to an address resembling yours. Their goal? Trick you into accidentally sending them your funds. Binance's algorithm acts as your guardian angel. It detects suspicious transfers (near-zero value, unknown tokens) and flags them before you click "send." The Numbers Don't Lie: Over 13.4 million spoofed addresses on BNB Smart Chain neutralized! A staggering 1.68 million on Ethereum caught red-handed! Beyond Binance: This innovation extends to the wider crypto community! Binance partners with HashDit, a Web3 security firm, to register these spoofed addresses in their database. This empowers other crypto service providers, like Trust Wallet, to warn users about potential scams. A Cautionary Tale: Just a few weeks ago, an unsuspecting user lost a whopping $68 million to address poisoning. Luckily, the funds were returned (possibly due to public scrutiny!), highlighting the critical need for such security measures. The Future is Secure: This new algorithm bolsters HashDit's user-facing tools, ensuring even greater protection for the entire crypto ecosystem. Stay vigilant, stay informed, and trade safely! #Binance #CryptoSecurity #AddressPoisoning #Web3 #Innovation #SafetyFirst

Latest Crypto News Brief Get to know the latest crypto happenings in 2mins 1. Cryptopunk #7,804 fetches $16.38 million, becoming the second most expensive item in the collection, sparking interest in digital collectibles. 2. US SEC launches a legal campaign to classify Ethereum as a security, raising regulatory concerns and potential market impact. 3. A dormant whale wallet moves $24 million worth of altcoins to a cryptocurrency exchange, fueling speculation on its intentions. 4. Dolomite suffers a $1.8 million security breach, highlighting ongoing cyber threats in the crypto industry. 5. Trezor falls victim to a cyber attack, compromising its social media platform and raising concerns about user data security. 6. Lazarus Group emerges as a powerful threat to crypto security, prompting increased vigilance among investors. 7. Coinbase warns of network congestion and high fees, advising caution during periods of increased market activity. 8. US Federal Reserve maintains interest rates unchanged, signaling stability in monetary policy amid economic uncertainty. Follow me Victor Fawole to read the latest news updates.

🚨🔒 Need insights on bolstering your information security practices? Feel free to reach out anytime! In an impressive move demonstrating the power of collaboration between the crypto industry and law enforcement, #Tether has played a pivotal role in seizing $1.4 million from a tech support scam targeting our most vulnerable—elderly citizens. This action by Tether, alongside the U.S. Attorney's Office of the Northern District of Illinois, marks a significant victory in the ongoing battle against online scams. 🛡️💻 Why does this matter? Tether's involvement goes beyond just aiding in asset recovery. It showcases the potential of cryptocurrency companies to lead by example in enhancing financial security and trust within the digital space. By actively disrupting scam operations, Tether has set a new standard in protecting users and combating fraudulent activities, effectively outpacing traditional banking systems in tracing and halting illicit transactions. 🏦➡️💡 Furthermore, this incident highlights the growing influence and acceptance of Tether's USDT token in the market, signaling a brighter future for secure and trustworthy digital transactions. As the circulation of USDT surpasses $100 billion, Tether's commitment to safety and security becomes even more crucial in fostering a stable and reliable cryptocurrency environment. 🌐💲 As always, I hope this provides you value. ✍️ What are your thoughts? ♻️ Reshare if I got this right and 🔔 Follow me by hitting the "+" for more posts like this! #CryptoSecurity #scam #crypto Crypto Valley Association Jan Brzezek Daniel Salzmann

🚨🔒 Need insights on bolstering your information security practices? Feel free to reach out anytime! In an impressive move demonstrating the power of collaboration between the crypto industry and law enforcement, #Tether has played a pivotal role in seizing $1.4 million from a tech support scam targeting our most vulnerable—elderly citizens. This action by Tether, alongside the U.S. Attorney's Office of the Northern District of Illinois, marks a significant victory in the ongoing battle against online scams. 🛡️💻 Why does this matter? Tether's involvement goes beyond just aiding in asset recovery. It showcases the potential of cryptocurrency companies to lead by example in enhancing financial security and trust within the digital space. By actively disrupting scam operations, Tether has set a new standard in protecting users and combating fraudulent activities, effectively outpacing traditional banking systems in tracing and halting illicit transactions. 🏦➡️💡 Furthermore, this incident highlights the growing influence and acceptance of Tether's USDT token in the market, signaling a brighter future for secure and trustworthy digital transactions. As the circulation of USDT surpasses $100 billion, Tether's commitment to safety and security becomes even more crucial in fostering a stable and reliable cryptocurrency environment. 🌐💲 As always, I hope this provides you value. ✍️ What are your thoughts? ♻️ Reshare if I got this right and 🔔 Follow me by hitting the "+" for more posts like this! #CryptoSecurity #scam #crypto Crypto Valley Association Jan Brzezek Daniel Salzmann