The California financial regulator claims that users have submitted seven novel types of cryptographic fraud and artificial intelligence, which they did not see before thousands of complaints in 2024.
California Department of Protection and Financial Innovation (DFPI) said on March 10 statement that he received 2668 complaints in 2024 and found seven types of fraud that they had not yet saved, such as imitation Bitcoin mining programs (BTC), in which fraudsters offer false investments in mining.
DFPI has also received complaints regarding false cryptographic games, in which users are encouraged to submit funds only until the portfolio is exhausted, and fraudsters offer false tasks that require victims to transfer cryptography and provide private information.
Source: California Department of Protection and Financial Innovation
Victims also reported theft of private keys through false discs, false fraud of the investment group in WhatsApp or Telegram, AI investment fraud offering extremely high phrases and lose their crypto after interaction with some apparent websites.
The AI industry recorded a significant escalate in 2024, achieving market capitalization of $ 638 billion, According to for primary research.
There was also a significant escalate in criminal software as a service (CAAS), in which experienced hackers and cyber criminals sell their tools and services less experienced criminals at a price.
Commissioner DFPI, the Central Committee of Mohseni, said that the regulator calls caution when interacting with unknown platforms and “verification of the site domains to avoid false imitation and be careful of the relationship between fraud of cryptographic recovery.”
Thanks to cooperation with the state, DFPI claims that it closed over 26 imitation cryptographic websites and discovered $ 4.6 million of user losses last year.
California NAGO closes 42 cryptocurrency pages
The California Department of Justice (Doj) took off 42 websites for cryptocurrency fraud in 2024, which stole $ 6.5 million from victims, with an average loss per person of $ 146 306.
March 10 statementThe California Denie said that because international scammers often conduct fraud, it is hard to chase and arrest them.
Common threads among the fraud websites were promises of high returns, no contact information, offers of prize for registration and no offers on cryptocurrency sites such as Coinmarketcap, said California DJ.
Related: Crypto lost to Exploits, fraud, he gets USD 1.5 billion in February with Bybit Hack: Certik
The Cyvers Cyvers report identified pigs as one of the most high-priced in 2024, estimating that fraud costs an industry over USD 5.5 billion in 200,000 identified cases.
Meanwhile, the annual Blockchain Security Certik safety report marked cryptocurrency attacks that cost users of $ 1 billion in 296 incidents, as the most essential security threat of 2024.
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