Vietnam Crackdowns on Crypto Mining Scammers
In Vietnam, police arrested four involved in a multi-million crypto mining scam that duped over 200 victims. The ring’s ringmaster was Tran Minh Quang, who set up a site called BitMiner, deceptively introducing it as a Dubai-based company to offer crypto mining services. Victims were lured into promising high returns while selling questionable mining packages and tutorials.
The scam raked in 4 billion Vietnamese dong, around $157,300. BitMiner’s domain being registered in Singapore added to its veneer of legitimacy. Police in Vietnam continue their investigation and have called on the public to be vigilant against similar scams.
Springfield Warns Citizens About Crypto ATM Scams
In Springfield, Massachusetts, police warned against a spike in crypto-related scams, especially those that involve cryptocurrency ATMs. The scammers ask victims to deposit money into crypto machines for fake reasons, including impersonating government officials or utility representatives who say they need immediate payment.
The Springfield Police Department advised residents to hang up immediately if a caller asks for payment in Bitcoin or other cryptocurrencies, as no legitimate organization accepts payments that way.
Hong Kong Busts AI Deepfake Fraud Syndicate
Hong Kong police have smashed a racketeers’ ring using AI deepfake technology to conduct romance scams. The 31-strong gang, made up m ostly of university students, reportedly swindled victims in several countries, including Taiwan, Singapore, Malaysia, and the United States, and took 34 million Hong Kong dollars ($4.37 million) in illegal gains.
Pretentious fraudsters impersonated attractive prospects by using AI, luring victims before tricking them for money. This was after using fake profiles promising love. About 10 million Hong Kong dollar cash besides lavish handbags and high-end watches were impounded during these raids.
Fung Pui-kei, superintendent of the Commercial Crime Bureau, pointed out that fraudsters make use of advanced technologies to deceive victims. While five suspects have been charged with conspiracy to defraud, others were released on bail pending further investigations.
Global Efforts to Combat Fraud
Recent cases reflect the global nature of cyber and AI fraud. Several governments and police forces around the world are now trying to educate the public, track illicit activities, and apprehend criminals who are exploiting emerging technologies. The crackdowns aim at containing the growing threat of technology-driven scams.
