California financial regulatory authorities issue warnings about 7 new types of cryptocurrency and artificial intelligence fraud
A financial regulatory body in California stated that in 2024, users reported seven new types of cryptocurrency and artificial intelligence scams through thousands of complaints, which had never been seen before. The California Department of Financial Protection and Innovation (DFPI) said in a statement on March 10th that the department received 2,668 complaints in 2024, discovering seven types of frauds they had not previously recorded, such as fake Bitcoin mining schemes where scammers offer false mining investments. DFPI also received complaints about fraudulent cryptocurrency gaming schemes where users are encouraged to deposit funds but their wallets are emptied; there were also scammers offering fake jobs requiring victims to transfer cryptocurrencies and provide personal information.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. stocks ignore high yield warnings! Tech stocks lead gains, pushing the S&P 500 near historic highs
As investors largely ignored concerns arising from bond yields reaching multi-decade highs, tech stocks led the rally, pushing the S&P 500 close to its historical high.
BUZZ - Australia's Stakk shares surge due to IBM software contract
On October 5th, Stakk (SKK.AX) shares rose as much as 26.1% to AUD 0.029, marking the largest intraday gain since September 29. The digital trust technology company announced that IBM will use its AI-driven document processing and verification software under a contract. The software will be deployed across Australia and New Zealand. The initial contract term is one year and will immediately generate revenue for the company. Including today's trading, the stock has declined 30.3% so far this year.
The Japanese Yen firms on a BoJ speech about AI and gives it all back
OpenAI reportedly in talks with UAE capital for $30 billions financing; multiple funds may form a consortium to invest up to $10 billions
According to sources familiar with the matter, OpenAI is in funding talks with several UAE investment funds, including Abu Dhabi’s MGX, in hopes that they will become key investors in a new funding round of at least $30 billions.
Crypto prices
More
