#Cryptocurrency Scams
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Lycan Retrieve: Expert Asset Recovery Services
Lycan Retrieve is a solutions-driven company that specializes in recovering lost funds from cryptocurrency fraud, investment fraud, forex scams, and binary options scams. Using advanced technology and a thorough process, we review cases, gather evidence, confront responsible entities, and work tirelessly to recover stolen assets. Our expertise extends to scam broker reviews, providing vital insights to prevent future losses. Whether you are a victim of cryptocurrency theft, fraudulent investments, or fraudulent trading platforms, Lycan Retrieve is committed to assisting individuals and organizations in regaining financial stability and peace of mind. Trust us to handle your recovery process with precision and care.
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#Crypto Fraud Prevention#Cryptocurrency Regulation#Cryptocurrency Scams#Cybercrime Syndicates#Cybersecurity#Daren Li Case#facts#FBI Internet Crime Complaint Center#Global Money Laundering#life#Money Laundering#Organized Criminal Networks#Pig-Butchering Fraud#Podcast#serious#Shell Companies and Fraud#Southeast Asia Cybercrime#straight forward#Tether (USDT) Fraud#truth#upfront#website
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Coin Virally You will get a Crypto Expert Community Manager, Moderator, Raider, and Shiller
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Welcome to my project, Coin Virally
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We Need to Stop Blaming the Victim
In today’s episode of Scam DamNation, host Lillian Cauldwell provides the listeners with recommendations and suggestions to stop blaming the victim of scams, and instead help them fight back on what just happened to them and their bank accounts. From people who “donate” money to a supposedly dethroned prince of Nigeria to buying a shady cryptocurrency based on an internet meme, our society…
#AI Scams.#Bank Accounts#Cryptocurrency Scams#Donate#Finances#Fraud#Fraud Shamers#Lillian Cauldwell#Scam DamNation#Victims
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What is Cryptocurrency and How It Works?
Cryptocurrency has emerged as a revolutionary financial technology, captivating individuals and institutions alike. But what exactly is cryptocurrency, and how does it function? This article aims to provide a clear understanding of cryptocurrency and its underlying mechanisms.
What is Cryptocurrency?
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the US dollar or euro), cryptocurrencies operate on decentralized networks based on blockchain technology. This decentralization means that no single authority, such as a central bank, controls the currency, making it resistant to government interference and manipulation.
Key Features of Cryptocurrency
Decentralization: Most cryptocurrencies operate on a technology called blockchain, which is a distributed ledger maintained by a network of computers (nodes). This decentralization enhances security and transparency.
Security: Cryptography ensures that transactions are secure and that the creation of new units of cryptocurrency is controlled. This makes counterfeiting nearly impossible.
Anonymity and Pseudonymity: While transactions are recorded on a public ledger, users’ identities can remain anonymous or pseudonymous, depending on the cryptocurrency.
Limited Supply: Many cryptocurrencies have a fixed supply (like Bitcoin, which has a maximum of 21 million coins), which can create scarcity and potentially increase value over time.
Global Accessibility: Cryptocurrencies can be accessed and used globally, making them particularly appealing in regions with unstable currencies or limited banking infrastructure.
How Cryptocurrency Works
1. Blockchain Technology
At the heart of most cryptocurrencies is blockchain technology. A blockchain is a continuous chain of blocks, each containing a list of transactions. Here’s how it works:
Transaction Initiation: When a user initiates a transaction (e.g., sending Bitcoin to someone), it is broadcast to the network of nodes.
Validation: Nodes on the network validate the transaction by checking its authenticity. This often involves solving complex mathematical problems (proof of work) or reaching a consensus (proof of stake).
Block Creation: Once validated, the transaction is grouped with others into a block. This block is then added to the existing blockchain.
Immutability: Once a block is added to the blockchain, it cannot be altered without altering all subsequent blocks, ensuring the integrity of the data.
2. Mining and Consensus Mechanisms
Mining: In some cryptocurrencies like Bitcoin, mining is the process of validating transactions and adding them to the blockchain. Miners use powerful computers to solve cryptographic puzzles. Successfully solving a puzzle allows the miner to add a new block to the blockchain and earn cryptocurrency as a reward.
Consensus Mechanisms: Different cryptocurrencies use various methods to achieve consensus among network participants. Common methods include:
Proof of Work (PoW): Miners compete to solve cryptographic puzzles, which consumes significant computational power and energy.
Proof of Stake (PoS): Participants validate transactions based on the number of coins they hold and are willing to “stake” as collateral, reducing energy consumption.
3. Wallets
To store and manage cryptocurrencies, users employ digital wallets. These wallets can be:
Hot Wallets: Connected to the internet, allowing for easy access and transactions but are more vulnerable to hacking.
Cold Wallets: Offline storage, providing greater security but less convenience for quick transactions.
4. Exchanges
Cryptocurrency exchanges are platforms where users can buy, sell, or trade cryptocurrencies. Some well-known exchanges include Coinbase, Binance, and Kraken. These exchanges play a crucial role in establishing market prices and facilitating liquidity.
Conclusion
Cryptocurrency represents a significant shift in how we think about money and transactions. By leveraging blockchain technology and cryptographic security, cryptocurrencies offer a decentralized, secure, and accessible alternative to traditional financial systems. While the cryptocurrency landscape is still evolving and can be volatile, its potential to disrupt conventional finance continues to draw interest from a diverse range of users worldwide. Whether you’re a seasoned investor or just curious about the technology, understanding cryptocurrency is increasingly important in our digital age.
#Cryptocurrency#cryptocurrency news#cryptocurrency exchange#cryptocurrency trading#cryptocurrency investment#cryptocurrency scams#cryptonews#bitcoin#crypto market
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Look normally I'm violently against reblogging ads but just...look at the absolute absurdity of this one. It's trying to convince you that backing a cryptocurrency with...what appears to include commemorative coins of King Charles' coronation but they say (in the weird video) also includes god bars and "treasures" is both a) groundbreaking and b) 100% a good idea because *of course* that shit can't be faked. Then it's trying to convince you that this (remember: King Charles III commemorative coins) somehow translated to luxury.
Hell of a way to drop a new rugpull shitcoin but I think it's even more stupid than the Youtubers' rugpull coins?
(Or it's just phishing obviously I'm tempted to go with that).
House of Emirates® in London is the first ever brand in the world to tokenize ancient coins and treasures and list them on the blockchain.
#houseofemirates #luxury #RWAs #blockchain #Tokens #shares #InvestmentOpportunities #Investments #trade #Stocks #StocksToBuy #StocksToTrade #London #DubaiLuxury #AbuDhabi #UAE #News #Silver #Gold #jewels #diamonds
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Cryptocurrency Investing Tips: Top Essential Factors to Understand in 2023
Cryptocurrency investing tips for beginners Cryptocurrency, also known as crypto-currency or crypto, is any type of digital or virtual currency that employs cryptography to secure transactions. Crypto currencies lack a central issuing or regulating authority and instead rely on a decentralized system to keep track of transactions and issue new units. There is no denying that crypto currencies…
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Social Media Scams Have Cost Americans $2.7 Billion
Americans Have Lost $2.7 Billion To Social Media Scams Since 2021. Experts say Clicking On Internet Ads Is A Costly Mistake. Federal Trade Commission data shows social media scams have cost Americans billions of dollars. The FTC says victims have lost $2.7 billion to fraudsters on social media since 2021. Scammers are increasingly targeting victims through fake advertisements for online shops.…
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#cryptocurrency scams#facebook scams#instagram scams#internet investment scams#internet scams#snapchat scams#social media scams#tiktok scasms
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However, it is important to note that creating a cryptocurrency is not a guarantee of success, and it requires a lot of effort and dedication to make it a viable option in the market. It is also important to comply with legal regulations and ensure that the coin is not used for illegal activities. Overall, the creation of a cryptocurrency is an exciting and innovative way to enter the world of digital currency. With the right platform and knowledge, anyone can create their own coin and potentially reap the benefits of this growing industry.
#how#make#cryptocurrency#create your own cryptocurrency#cryptocurrency scams#how to make a cryptocurrency#create your own cryptocurrency on ethereum#create your own cryptocurrency bsc#create your own cryptocurrency coin#create your own cryptocurrency blockchain#how cryptocurrency scams work#biggest cryptocurrency scams#cryptocurrency scams 2021#crypto#bitcoin#ethereum#safemoon#scams#cryptocurrency for beginners#cryptocurrency to invest in 2021#cryptocurrency for dummies
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“That Makes Me Smart”
If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/12/04/its-not-a-lie/#its-a-premature-truth
The Biden administration disappointed, frustrated and enraged in so many ways, including abetting a genocide – but one consistent bright spot over the past four years was the unseen-for-generations frontal assault on corporate power and corporate corruption.
The three words that define this battle above all others are "unfair and deceptive" – words that appear in Section 5 of the Federal Trade Commission Act and other legislation modeled on it, like USC40 Section 41712(a), which gives the Department of Transportation the power to ban "unfair and deceptive" practices as well:
https://pluralistic.net/2023/01/10/the-courage-to-govern/#whos-in-charge
When Congress created an agency to punish "unfair and deceptive" conduct, they were saying to the American people, "You have a right not to be cheated." While this may sound obvious, it's hardly how the world works.
To get a sense of how many ripoffs are part of our daily lives, let's take a little tour of the ways that the FTC and other agencies have used the "unfair and deceptive" standard to defend you over the past four years. Take Amazon Prime: Amazon executives emailed one another, openly admitting that in their user tests, the public was consistently fooled by Amazon's "get free shipping with Prime" dialog boxes, thinking they were signing up for free shipping and not understanding that they were actually signing up to send the company $140/year. They had tested other versions of the signup workflow that users were able to correctly interpret, but they decided to go with the confusing version because it made them more money:
https://arstechnica.com/tech-policy/2024/05/amazon-execs-may-be-personally-liable-for-tricking-users-into-prime-sign-ups/
Getting you signed up for Prime isn't just a matter of taking $140 out of your pocket once – because while Amazon has produced a greased slide that whisks you into a recurring Prime subscription, the process for canceling that recurring payment is more like a greased pole you must climb to escape the Prime pit. This is typical of many services, where signing up happens in a couple clicks, but canceling is a Kafkaesque nightmare. The FTC decided that this was an "unfair and deceptive" business practice and used its authority to create a "Click to Cancel" rule that says businesses have to make it as easy to cancel a recurring payment as it was to sign up for it:
https://www.theregister.com/2023/07/12/ftc_cancel_subscriptions/
Once businesses have you locked in, they also spy on you, ingesting masses of commercial surveillance data that you "consented" to by buying a car, or clicking to a website, or installing an app, or just physically existing in space. They use this to implement "surveillance pricing," raising prices based on their estimation of your desperation. Uber got caught doing this a decade ago, raising the price of taxi rides for users whose batteries were about to die, but these days, everyone's in on the game. For example, McDonald's has invested in a company that spies on your finances to determine when your payday is, and then raises the price of your usual breakfast sandwich by a dollar the day you get paid:
https://pluralistic.net/2024/06/05/your-price-named/#privacy-first-again
Everything about this is "unfair and deceptive" – from switching prices the second you click into the store to the sham of consent that consists of, say, picking up your tickets to a show and being ordered to download an app that comes with 20,000 words of terms and conditions that allows the company that sends you a QR code to spy on you for the rest of your life in any way they can and sell the data to anyone who'll buy it.
As bad as it is to be trapped in an abusive relationship as a shopper, it's a million times worse to be trapped as a worker. One in 18 American workers is under a noncompete "agreement" that makes it illegal for you to change jobs and work for someone else in the same industry. The vast majority of these workers are in low-waged food-service jobs. The primary use of the American noncompete is to stop the cashier at Wendy's from getting an extra $0.25/hour by taking a job at McDonald's.
Noncompetes are shrouded in a fog of easily dispelled bossly bullshit: claims that noncompetes raise wages (empirically, this is untrue), or that they enable "IP"-intensive industries to grow by protecting their trade secrets. This claim is such bullshit: you can tell by the fact that noncompetes are banned under California's state constitution and yet the most IP-intensive industries have attracted hundreds of billions – if not trillions – in investment capital even though none of their workforce can be bound under a noncompete. The FTC's order banning noncompetes for every worker in America simply brings the labor regime that created Silicon Valley and Hollywood to the rest of the country:
https://pluralistic.net/2023/10/26/hit-with-a-brick/#graceful-failure
Noncompetes aren't the only "unfair and deceptive" practice used against American workers. The past decade has seen the rise of private equity consolidation in several low-waged industries, like pet grooming. The new owners of every pet grooming salon within 20 miles of your house haven't just slashed workers' wages, they've also cooked up a scheme that lets them charge workers thousands of dollars if they quit these shitty jobs. This scheme is called a "training repayment agreement provision" (TRAP!): workers who are TRAPped at Petsmart are made to work doing menial jobs like sweeping up the floor for three to four weeks. Petsmart calls this "training," and values it at $5,500. If you quit your pet grooming job in the next two years, you legally owe PetSmart $5,500 to "repay" them for the training:
https://pluralistic.net/2022/08/04/its-a-trap/#a-little-on-the-nose
Workers are also subjected to "unfair and deceptive" bossware: "AI" tools sold to bosses that claim they can sort good workers from bad, but actually serve as random-number generators that penalize workers in arbitrary, life-destroying ways:
https://pluralistic.net/2024/11/26/hawtch-hawtch/#you-treasure-what-you-measure
Some of the most "unfair and deceptive" conduct we endure happens in shadowy corners of industry, where obscure middlemen help consolidated industries raise prices and pick your pocket. All the meat you buy in the grocery store comes from a cartel of processing and packing companies that all subscribe to the same "price consulting" services that tells them how to coordinate across-the-board price rises (tell me again how greedflation isn't a thing?):
https://pluralistic.net/2023/10/04/dont-let-your-meat-loaf/#meaty-beaty-big-and-bouncy
It's not just food, it's all of Maslow's Hierarchy of Needs. Take shelter: the highly consolidated landlord industry uses apps like Realpage to coordinate rental price hikes, turning the housing crisis into a housing emergency:
https://pluralistic.net/2024/07/24/gouging-the-all-seeing-eye/#i-spy
And of course, health is the most "unfair and deceptive" industry of all. Useless middlemen like "Pharmacy Benefit Managers" ("a spreadsheet with political power" -Matt Stoller) coordinate massive price-hikes in the drugs you need to stay alive, which is why Americans pay substantially more for medicine than anyone else in the world, even as the US government spends more than any other to fund pharma research, using public money:
https://pluralistic.net/2024/09/23/shield-of-boringness/#some-men-rob-you-with-a-fountain-pen
It's not just drugs: every piece of equipment – think hospital beds and nuclear medicine machines – as well as all the consumables – from bandages to saline – at your local hospital runs through a cartel of "Group Purchasing Organizations" that do for hospital equipment what PBMs do for medicine:
https://pluralistic.net/2021/09/27/lethal-dysfunction/#luxury-bones
For the past four years, we've lived in an America where a substantial portion of the administrative state went to war every day to stamp out unfair and deceptive practices. It's still happening: yesterday, the CFPB (which Musk has vowed to shut down) proposed a new rule that would ban the entire data brokerage industry, who nonconsensually harvest information about every American, and package it up into categories like "teenagers from red states seeking abortions" and "military service personnel with gambling habits" and "seniors with dementia" and sell this to marketers, stalkers, foreign governments and anyone else with a credit-card:
https://www.consumerfinance.gov/about-us/newsroom/cfpb-proposes-rule-to-stop-data-brokers-from-selling-sensitive-personal-data-to-scammers-stalkers-and-spies/
And on the same day, the FTC banned the location brokers who spy on your every movement and sell your past and present location, again, to marketers, stalkers, foreign governments and anyone with a credit card:
https://www.404media.co/ftc-bans-location-data-company-that-powers-the-surveillance-ecosystem/
These are tantalizing previews of a better life for every American, one in which the rule is, "play fair." That's not the world that Trump and his allies want to build. Their motto isn't "cheaters never prosper" – it's "caveat emptor," let the buyer beware.
Remember the 2016 debate where Clinton accused Trump of cheating on his taxes and he admitted to it, saying "That makes me smart?" Trumpism is the movement of "that makes me smart" life, where if you get scammed, that's your own damned fault. Sorry, loser, you lost.
Nowhere do you see this more than in cryptocurrencyland, so it's not a coincidence that tens – perhaps hundreds – in dark crypto money was flushed into the election, first to overpower Democratic primaries and kick out Dem legislators who'd used their power to fight the "unfair and deceptive" crowd:
https://www.politico.com/newsletters/california-playbook-pm/2024/02/13/crypto-comes-for-katie-porter-00141261
And then to fight Dems across the board (even the Dems whose primary victories were funded by dark crypto money) and elect the GOP as the party of "caveat emptor"/"that makes me smart":
https://www.coindesk.com/news-analysis/2024/12/02/crypto-cash-fueled-53-members-of-the-next-u-s-congress
Crypto epitomizes the caveat emptor economy. By design, fraudulent crypto transactions can't be reversed. If you get suckered, that's canonically a you problem. And boy oh boy, do crypto users get suckered (including and especially those who buy Trump's shitcoins):
https://www.web3isgoinggreat.com/
And for crypto users who get ripped off because they've parked their "money" in an online wallet, there's no sympathy, just "not your keys, not your coins":
https://www.ledger.com/academy/not-your-keys-not-your-coins-why-it-matters
A cornerstone of the "unfair and deceptive" world is that only suckers – that is, outsiders, marks and little people – have to endure consequences when they get rooked. When insiders get ripped off, all principle is jettisoned. So it's not surprising that when crypto insiders got taken for millions the first time they created a DAO, they tore up all the rules of the crypto world and gave themselves the mulligan that none of the rest of us are entitled to in cryptoland:
https://blog.ethereum.org/2016/07/20/hard-fork-completed
Where you find crypto, you find Elon Musk, the guy who epitomizes caveat emptor thinking. This is a guy who has lied to drivers to get them to buy Teslas by promising "full self driving in one year," every year, since 2015:
https://www.consumerreports.org/cars/autonomous-driving/timeline-of-tesla-self-driving-aspirations-a9686689375/
Musk told investors that he had a "prototype" autonomous robot that could replace their workers, then demoed a guy in a robot suit, pretending to be a robot:
https://gizmodo.com/elon-musk-unveils-his-funniest-vaporware-yet-1847523016
Then Musk did it again, two years later, demoing a remote-control robot while lying and claiming that it was autonomous:
https://techcrunch.com/2024/10/14/tesla-optimus-bots-were-controlled-by-humans-during-the-we-robot-event
This is entirely typical of the AI sector, in which "AIs" are revealed, over and over, to be low-waged workers pretending to be robots, so much so that Indian tech industry insiders joke that "AI" stands for "Absent Indians":
https://pluralistic.net/2024/01/29/pay-no-attention/#to-the-little-man-behind-the-curtain
Musk's view is that he's not a liar, merely a teller of premature truths. Autonomous cars and robots are just around the corner (just like the chatbots that can do your job, and not merely convince your boss to fire you while failing to do your job). He's not tricking you, he's just faking it until he makes it. It's not a scam, it's inspirational. Of course, if he's wrong and you are scammed, well, that's a you problem. Caveat emptor. That makes him smart.
Musk does this all the time. Take the Twitter blue tick, originally conceived of as a way to keep Twitter users from being scammed ("unfair and deceptive") by con artists pretending to be famous people. Musk's inaugural act at Twitter was to take away blue ticks from verified users and sell them to anyone who'd pay $8/month. Almost no one coughed up for this – the main exception being scammers, who used their purchased, unverified blue ticks to steal from Twitter users ("that makes me smart").
As Twitter hemorrhaged advertising revenue and Musk became increasingly desperate to materialize an army of $8/month paid subscribers, he pulled another scam: he nonconsensually applied blue ticks to prominent accounts, in a bid to trick normies into thinking that widely read people valued blue ticks so much they were paying for them out of their own pockets:
https://www.bbc.com/news/technology-65365366
If you were tricked into buying a blue tick on this pretense, well, caveat emptor. Besides, it's not a lie, it's a premature truth. Someday all those widely read users with nonconsensual blue ticks will surely value them so highly that they do start to pay for them. And if they don't? Well, Musk got your $8: "that makes me smart."
Scammers will always tell you that they're not lying to you, merely telling premature truths. Sam Bankman-Fried's defenders will tell you that he didn't actually steal all those billions. He gambled them on a bet that (sorta-kinda) paid off. Eventually, he was able to make all his victims (sorta-kinda) whole, so it's not even a theft:
https://www.cnn.com/2024/05/08/business/ftx-bankruptcy-plan-repay-creditors/index.html
Likewise, Tether, a "stablecoin" that was unable to pass an audit for many years as it issued unbacked, unregulated securities while lying and saying that for every dollar they minted, they had a dollar in reserves. Tether now (maybe) has reserves to equal its outstanding coins, so obviously all those years where they made false claims, they weren't lying, merely telling a premature truth:
https://creators.spotify.com/pod/show/cryptocriticscorner/episodes/Tether-wins–Skeptics-lose-the-end-of-an-era-e2rhf5e
If Tether had failed a margin call during those years and you'd lost everything, well, caveat emptor. The Tether insiders were always insulated from that risk, and that's all that matters: "that makes me smart."
When I think about the next four years, this is how I frame it: the victory of "that makes me smart" over "fairness and truth."
For years, progressives have pointed out the right's hypocrisy, despite that fact that Americans have been conditioned to be so cynical that even the rankest hypocrisy doesn't register. But "caveat emptor?" That isn't just someone else's bad belief or low ethics: it's the way that your life is materially, significantly worsened. The Biden administration – divided between corporate Dems and the Warren/Sanders wing that went to war on "unfair and deceptive" – was ashamed and nearly silent on its groundbreaking work fighting for fairness and honesty. That was a titanic mistake.
Americans may not care about hypocrisy, but they really care about being stolen from. No one wants to be a sucker.
#tether#ftx#scams#trumpism#caveat emptor#cryptocurrency#twitter#sleaze#premature truths#bossware#pluralistic
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SCAM ALERT: Cryptocurrency related but can affect trans people buying HRT. I was probably 10 seconds away from having money stolen and I know what I'm doing. (Crypto Clipper)
Today I was helping a trans friend order some DIY HRT. A lot of DIY HRT places only accept cryptocurrency for security reasons. I am not looking to promote cryptocurrency or anything associated with it, but if you may be forced to use it for HRT or other reasons, you need to know this.
In general if you are forced to use crypto, you should use the cheapest coin your supplier will accept. If it is cheap, that means there is not a lot of activity on the chain and energy use will be less. I used one called Zcash as it was the cheapest one the site accepted but that's not really relevant.
I used an old coinbase account I had used for similar situations in the past. I was doing it on her PC. I got the instructions to pay on the HRT site, and I pasted the wallet address into Coinbase and just before I hit send I noticed the wallet address I had pasted didn't match the wallet address I had copied.
I looked it up and found this is from a form of malware called a Crypto Clipper, that detects when you have copied a crypto address, and makes you paste a different one so it can steal your money. I am lucky I noticed. To remedy it, I installed the free trial of Malwarebytes on her PC to remove malware, and completed the crypto transaction on my PC, and confirmed that the wallet address matched what the HRT site had given me.
I managed to avoid falling for it but it's such an easy thing to fall for, especially if you have avoided crypto thus far for extremely understandable reasons. Be careful out there! It could happen to anyone.
#trans#hrt#trans hrt#diy hrt#crypto#cryptocurrency#bitcoin#scam#scams#psa#important psa#important#virus#malware#cybersecurity
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Investing in Cryptocurrency is Bad and Stupid
I know what you’re thinking: How could we say something so controversial, yet so brave?
Did we just help you out? Tip us!
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Matt Stieb at NY Mag's Intelligencer:
One of the strangest stories in media over the past decade is the Epoch Times, a formerly free newspaper distributed on the streets of New York that focuses on conspiracist, right-wing takes and reports that are extremely critical of the Chinese Communist Party. Founded in 2000, it effectively functions as a propaganda wing of Falun Gong, the religious movement headquartered upstate that is also behind Shen Yun, the anti-communist show with the inescapable subway ads. During the Trump years, the Epoch Times successfully expanded its operation on YouTube and Facebook, reaching millions of Americans with clickbait and misinformation. According to the Justice Department, it also functioned as a massive money-laundering scheme for one of its executives.
On Monday, federal prosecutors in New York charged the Epoch Times’ chief financial officer, Bill Guan, with conspiracy to commit money laundering for allegedly moving at least $67 million in illegally obtained funds to bank accounts in the media outlet’s name. According to the indictment, Guan was in charge of something (rather suspiciously) called the “Make Money Online” team, in which Guan and underlings “used cryptocurrency to knowingly purchase tens of millions of dollars in crime proceeds.” The alleged scheme was fairly simple, relying on prepaid debit cards, which are a common method in crypto laundering. The Make Money Online team, based abroad, would allegedly purchase “proceeds of fraudulently obtained unemployment insurance benefits” loaded onto prepaid cards. The team then allegedly traded them for cryptocurrency at 70 to 80 percent of the cards’ actual value. After making the deal, the Feds claim that those funds would then be transferred into bank accounts associated with the Epoch Times as well as into Guan’s personal bank accounts.
Turns out that far-right propaganda operation The Epoch Times is a money laundering operation.
#The Epoch Times#Conservative Media Apparatus#US Department of Justice#Shen Yun#Falun Gong#Bill Guan#Make Money Online#Cryptocurrency#Scams
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How To Avoid Falling Prey To Scammers
In this episode of “Lest We Forget Historical” with host Lillian Cauldwell, the conversation continues about the prevalent scams in 2024 within the United States and abroad. The most prominent among these are Text Scams, Zelle Scams, Cryptocurrency Scams, and Romance Scams. Ms. Cauldwell offers ‘red flag’ warnings and advice on how to avoid falling prey to these scammers, thus ensuring your…
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#Cryptocurrency Scams#Finances#Lest We Forget - Historical#Lillian Cauldwell#Red Flag#Romance Scams#Scammers#Zelle Scam
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Cryptocurrency is a scam. The Republican plan is to drain our gold reserves to buy Bitcoin as a giveaway to some Trump donors. It will fuck up our economy long term for the benefit of a handful of very rich people.
Have something you want to tell your Congress Critters? If you can't safely contact them in person, here are some other options:
Call the Capitol Switchboard at (202) 224-3121 and ask to be connected to the representative of your choice. Here is one that will send your reps a fax: https://resist.bot/ To get your Critters' numbers to call direct: https://www.congress.gov/members/find-your-member
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