Bitcoin: 80% Hacked Projects Fail Recovery
A worrying trend in crypto: nearly 80% of hacked projects never fully recover, primarily due to trust erosion, says Immunefi CEO. $BTC trading at $93,057. #Update #Crypto
Scams
Crypto Scam: FBI Uncovers $290M Fraud
A Brazilian man accused of orchestrating a $290M crypto Ponzi scheme has been extradited to the U.S. for fraud charges, facing up to 20 years. #Breaking #Legal (+9) ↗
AI Crypto Scam Owner Faces Trial
Brent C. Kovar, 58, indicted for $24M Ponzi scheme via @ProfitConnect, falsely marketed as AI crypto mining firm with FDIC backing claims. #Breaking #Legal (+9) ↗ (Source: News.Bitcoin)
FBI Rescues 4300 Crypto Victims
The FBI’s Operation Level Up saved over 4,300 from losing $285M to crypto scams, exposing fraudulent platforms. #Breaking #Legal (+8) ↗ (Source: News.Bitcoin)
Scammers Surge 40 Percent Pig Butchering
Pig butchering scams surged 40% in 2024, with AI-driven deepfakes overwhelming victims, reports @Chainalysis. #Breaking #Crypto (+9) ↗ (Source: News.Bitcoin)