📢 Beware of New Crypto Scams Using Deepfake Technology

A Russian tech company #FACCT has uncovered new crypto scams using deepfakes.

Here’s what’s happening:
🔸 Scammers are creating fake videos and audio of famous people like President-elect Donald Trump, Elon Musk, and Tucker Carlson.
🔸 These deepfakes are used in ads to promote fake crypto exchanges.
3 Major #Scam Tactics Identified:

1️⃣ Fake Exchanges: Victims send tokens to fake wallets and lose their assets.
2️⃣ Crypto Predators: Scammers use malicious links to steal wallet access.
3️⃣ Scam Tokens: Coins you can buy but can’t sell.

Deepfake scams in #crypto are becoming more advanced. In 2024, even Google warned about fake AI speeches promoting investments. Earlier this year, a fake YouTube live stream used Elon Musk’s AI voice to mislead investors.

Crypto-friendly moves by Trump:
President-elect Trump has shown support for crypto, promising a national Bitcoin reserve and plans to appoint pro-crypto leaders to key regulatory positions.

⚠️ Stay safe: Always double-check links, platforms, and opportunities. Don’t trust unverified ads or offers.

This post is for information only. Do your own research before investing!

An Indian man fell victim to a large scam involving a #cryptocurrency Whatsapp group. The scam lured members into registering with a crypto exchange, 5Cae.com, and provided signals for trading. Initially, the victim made profits and gained trust in the platform. Later, he was invited to a 7-day challenge promising great profits, with the condition of paying a 20% commission daily through the #Binance App by purchasing USDT. Unfortunately, after completing the challenge, the victim was unable to withdraw his money from 5Cae.com. Despite reaching out to the App customer care, no positive response was received. A case has been filed regarding the scam.

Incident: An Indian man loses over 100k USDT in a big cryptocurrency scam.

Modus Operandi:

a. Victim added to a Whatsapp group promising crypto signals and opportunities.

b. Lured to register on 5Cae.com, a crypto exchange.

c. Initially, the victim made profits and gained trust in the platform.

d. Invited to a 7-day challenge with the promise of significant profits.

e. Required to pay a 20% commission daily through Binance App (by purchasing USDT) to participate.

Victim's Actions:

a. Registered on 5Cae.com.

b. Participated in the 7-day challenge as directed, paying the daily commission.

c. Unable to withdraw money from 5Cae.com after completing the challenge.

Lack of Customer Support:

a. The victim reached out to the App customer care for assistance.

b. No positive response was received, exacerbating the situation.

Legal Action:

a. The victim filed a case against the scam operators.

b. The legal process is ongoing to seek justice and recover losses.

Cautionary Note:

a. Cryptocurrency investors should exercise caution when dealing with unfamiliar platforms.

b. Be skeptical of schemes promising unrealistic profits or requiring significant upfront payments.

c. Conduct thorough research and seek advice from reliable sources before investing in cryptocurrencies.

Safe your fund and Never Trust Anyone.

First Do your own research before investing anywhere.

If you are also a Victim of such type of scam please Let me know in Comments.

#Scam #P2P #P2PScam

$BTC $ETH $BNB

FTX founder Sam Bankman-Fried is questioned by prosecutor Danielle Sassoon during his fraud trial. REUTERS/Jane Rosenberg(JANE ROSENBERG / reuters)A Manhattan federal jury found FTX co-founder Sam Bankman-Fried guilty of defrauding his customers, investors and lenders, concluding a dramatic fall for a 31-year-old entrepreneur who presided over the largest crypto collapse in history.Jury members deliberated for a period of hours after Bankman-Fried's criminal trial wrapped up Thursday. They concluded he was guilty on all seven criminal charges, ranging from wire fraud to money laundering.His sentencing is scheduled for March 28; the counts carry a maximum sentence of 110 years.Bankman-Fried was stoic while his verdict was read in the courtroom, and he didn’t look back at his parents. His father dipped his head, and his mother took off her glasses and rubbed her eyes.Bankman-Fried faces even more potential legal jeopardy in the year ahead. He is scheduled to face a separate set of criminal charges that allege he committed bank fraud and bribed Chinese officials in another trial due to begin in March.Prosecutors argued that Bankman-Fried deliberately stole $14 billion in customer deposits from his cryptocurrency exchange in a scheme that he carried out with three of his top executives: Alameda CEO Caroline Ellison, FTX co-founder Gary Wang and FTX engineering director Nishad Singh.All three pleaded guilty to fraud charges after FTX’s collapse and testified against Bankman-Fried under plea agreements with the government.The group, prosecutors claimed, allowed Bankman-Fried’s sister crypto trading firm Alameda Research "secret" backdoor access to FTX’s customer deposits, then spent the money on investments, loan repayments, political donations, and real estate."He spent his customers' money and he lied to them about it," prosecutor Nicolas Roos said in the government’s closing argument."Where did the money go? The money went to pay for investments, to repay loans, to cover expenses, to purchase property, and to make political donations."Bankman-Fried testified that poor business decisions and management screwups — and not fraud — were to blame for the undoing of his cryptocurrency exchange."Did you defraud anyone?" Bankman-Fried’s lawyer asked him during his risky gamble to take the stand in his own defense."No, I did not," Bankman-Fried answered."Did you take customer funds?" Cohen clarified."No," he said.Follow for more #BTC #Scam #CryptoNews🔒📰🚫 $BTC #sol $BTC $BNB