The agency reported that "transnational criminal organizations" based in compounds in Southeast Asia were largely behind digital asset scams targeting US residents. The digital asset-based scams included instances of pig butchering, romance scams and "cryptocurrency confidence schemes," in which a victim is manipulated into investing in crypto with false promises of large returns.
The agency reported that "transnational criminal organizations" based in compounds in Southeast Asia were largely behind digital asset scams targeting US residents.
The digital asset-based scams included instances of pig butchering, romance scams and "cryptocurrency confidence schemes," in which a victim is manipulated into investing in crypto with false promises of...
"Digital asset investment scams pose one of the most significant fraud threats facing Americans today," said Gene Lange, performing the duties of Under Secretary for Terrorism and Financial Intelligence.
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The agency reported that "transnational criminal organizations" based in compounds in Southeast Asia were largely behind digital asset scams targeting US residents. The digital asset-based scams included instances of pig butchering, romance scams and "cryptocurrency confidence schemes," in which a victim is manipulated into investing in crypto with false promises of large returns. "Digital asset investment scams pose one of the most significant fraud threats facing Americans today," said Gene Lange, performing the duties of Under Secretary for Terrorism and Financial Intelligence.
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