Blockchain 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.
AlexSingapore 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.
SanyaThis makes Commerzbank the first full-service German bank to receive such a license. With the license, it enables Commerzbank to provide custody services for crypto assets and expand its offerings to include "further digital asset services."
AaronThe 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 XinRussian actor Artem Tkachenko found himself entangled in a distressing crypto scam, losing over $250,000. Like the rest of us folks, it seems like celebrities aren’t immune to crypto scams.
CatherineA joint working group led by the CBUAE and HKMA, with support from the relevant stakeholders of the two jurisdictions’ banking sectors, will be formed to take forward the agreed initiatives.
OthersA range of sketches show the changes the fraudster might have endured to evade capture.
BeincryptoA spokesman for Commerzbank confirmed to local media that it applied for a license with BaFin earlier this year, the first time a major German bank has applied for a license.
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