Fear and Opportunity: Immigration Scams Surged as Trump’s Sweeps Lured Desperate People to Eager Defrauders

As an asylum-seeker living in the U.S., Jasmir Urbina worried as she watched violence break out amid the military-style immigration sweeps across the country. Then she read about legal residents being arrested at immigration court and wondered when federal agents would set their sights on her city. Urbina had fled Nicaragua in 2022 and legally…

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Crypto Scams Cost Investors $4.6 Billion in 2024: Bitget

Crypto scammers are leveraging AI-driven social engineering tactics to deceive unsuspecting users and swindle them out of their funds. Crypto exchange Bitget highlighted the rising crypto scams in its 2025 Anti-Scam Research Report, compiled with inputs from blockchain security firms SlowMist and Elliptic. The report claimed that an estimated $4.6 billion (roughly Rs. 39,364 crore)…

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Crypto Scams Likely Set New Record in 2024, Helped by AI: Report

The rise of “pig butchering” scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis. Revenue from pig butchering scams, where perpetrators cultivate relationships with individuals and convince them to participate in fraudulent schemes, increased nearly 40 percent…

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