The ongoing crypto winter has compelled some of the bad actors abandoning the sector for traditional banking scams.
As per a news report, people in Ireland are becoming the victim of banking frauds over frauds in the crypto market. The ongoing crypto winter could be the reason for the latest shift that was seen.In 2023, Irish people lost approximately $21.8 million to scammers impersonating bank employees. Furthermore, instead of devising intricate crypto scams, fraudsters imitate banks’ websites and brochures to persuade victims to part with their money.
Many of these victims, usually aged 50-55, are retired individuals. These people end up investing their savings in such intricate scams run by international gangs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore crypto exchange scores major regulatory winUpbit's Singapore branch has received in-principal approval for a MPI license from the Monetary Authority of Singapore.
Read more »
ChatGPT ventures into crypto price prediction with CardanoChatGPT suggests that ADA's price will reach $8 by the end of 2023. Its on-chart metrics are, however, rather ambiguous.
Read more »
Australia Plans to Require Crypto Exchanges to Obtain Licenses to Curb RisksCrypto exchanges in Australia will soon be required to hold a financial-services license issued by the markets regulator as the country seeks to support the growth of digital assets while protecting consumers.
Read more »
Hong Kong Crypto Exchange OSL Weighs Sale at HK$1 Billion ValuationHong Kong’s BC Technology Group Ltd. is exploring the sale of its crypto platform OSL, one of only two exchanges licensed under digital-asset rules the city introduced in June, people familiar with the matter said.
Read more »
Tether freezes $873,000 in crypto linked to 'terrorism and warfare' in Israel and UkraineExplore stories from Atlantic Canada.
Read more »
BigWins Online Casino offers an unforgettable crypto gaming experienceBigWins Casino is a space where cutting-edge financial innovations meet cutting-edge online gaming technology.
Read more »