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A Hong Kong woman lost nearly $982,000 to a fake AI trading platform, part of a wider fraud wave that cost the city close to $10 million in one week. Hong Kong AI Scam Losses The victim made 17 transfers in USDT (USDT) and Ether (ETH) to a fraudulent platform, losing about HK$7.7 million. Hong Kong

Americans reported unprecedented losses tied to cryptocurrency-related fraud in 2025, with total damages climbing to more than $11.3 billion as complaints tied to digital assets continued to rise sharply, according to the FBI’s Internet Crime Complaint Center report. The data released on Tuesday sho

Tomás Niembro Concha, former CEO of Nodus International Bank, pleaded guilty March 19 to conspiring to siphon at least $24.9 million from the Puerto Rico-based institution and evading U.S. sanctions against Venezuela. The 64-year-old Miami resident faces up to 40 years in prison on two counts and ag

A North Carolina man pleaded guilty Thursday to the first criminal prosecution for AI-assisted streaming fraud in the United States, admitting he siphoned more than $8 million in royalties by deploying bot accounts to play hundreds of thousands of AI-generated songs billions of times across Spotify,

JPMorgan Chase has been named in a lawsuit connected to an alleged $328 million cryptocurrency fraud scheme, with a victim claiming the bank failed to detect and stop suspicious activity carried out by one of its customers. The complaint, filed this week in federal court in San Francisco, accuses th