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New York Post
7 minutes ago
- New York Post
AI-fueled crypto scams are booming, up 456% — and no one is safe, expert warns
Crypto crooks are getting bolder — and now, they sound just like your mom. Global crypto scams soared 456% between May 2024 and April 2025 — becoming increasingly reliant on AI-generated voices, deepfake videos and phony credentials to fleece unsuspecting victims, blockchain intelligence firm TRM Labs' Ari Redbord told The Post after testifying before Congress last Tuesday. 'These scams are highly effective, as the technology feels incredibly real and familiar to the victim,' Redbord said. Advertisement 4 TRM Labs' Ari Redbord, who testified before Congress last week, says scammers are now using AI-generated voices and deepfake credentials to mimic loved ones and steal crypto. Igor Faun – 'We've seen cases where scammers use AI to replicate the voice of a loved one, tricking the victim into transferring money under the guise of an urgent request.' And the threat is exploding — especially in high-density cities like New York, Miami and Los Angeles, he added. In June, New York officials froze $300,000 in stolen cryptocurrency and seized more than 100 scam websites linked to a Vietnam-based ring that targeted Russian-speaking Brooklynites with fake Facebook investment ads. Advertisement Meta shut down over 700 Facebook accounts tied to the scam. Investigators say the group used deepfake BitLicense certificates and moved victims onto encrypted apps like Telegram before draining their wallets. 4 Even crypto pros aren't safe — MoonPay's CEO and CFO were conned into wiring $250,000 to a scammer pretending to be a Trump inauguration insider. Igor Faun – Advertisement Some New Yorkers lost hundreds of thousands of dollars — and it's not just everyday joes getting targeted. Even crypto insiders are falling for it. Florida-based crypto firm MoonPay saw its CEO Ivan Soto-Wright and CFO Mouna Ammari Siala duped into wiring $250,000 in crypto to a scammer posing as Trump inauguration co-chair Steve Witkoff, according to a recent Department of Justice complaint. And that's just the tip of the iceberg. Globally, fraudsters swiped more than $10.7 billion in 2024 through crypto cons — including romance scams, fake trading platforms and 'pig-butchering,' where scammers build fake relationships before draining victims' accounts, Redbord said. Advertisement In the US, Americans filed nearly 150,000 crypto-related fraud complaints in 2024, with losses topping $3.9 billion, according to the FBI. But the real number is likely much higher. 4 A Vietnam-based ring targeted Brooklyn's Russian-speaking community with fake BitLicenses and phony Facebook accounts before vanishing with hundreds of thousands. Igor Faun – 'Only around 15% of victims actually report these crimes,' Redbord said, citing shame, fear and distrust in law enforcement — particularly among older adults and immigrant communities. One of these scammers go-to tools? Crypto ATMs — especially those tucked inside New York delis and convenience stores. Illicit use at these kiosks is more than twice as high as in the broader crypto market, Redbord said. Victims are often directed to scan a QR code and deposit cash, instantly converting it to crypto before the funds disappear. As the scams rage on, Washington is starting to bring order to the Wild West of crypto. 4 Officials say the real number of crypto scam victims is far higher than reported, as shame and fear keep many from coming forward. Igor Faun – House lawmakers wrapped up 'Crypto Week' last Thursday by passing the first-ever comprehensive cryptocurrency legislation — a trio of bills focused on regulating stablecoins, trading platforms and digital asset infrastructure. Advertisement Even so, Redbord advised, common sense is the best defense. 'If something feels too good to be true — especially unsolicited investment advice — it almost always is,' he said. 'Verify the platform. Confirm identities. And when in doubt, report it — whether to IC3, Chainabuse or your local authorities.'
CBS News
an hour ago
- CBS News
Rocky's Peanut Company to close it doors in Detroit's Eastern Market
Rocky's Original Peanut Company at Eastern Market in Detroit will be closing its doors later this year. The store on Russell Street made the announcement in an Instagram post on Thursday, saying it will cease operations by October. "From the bottom of our hearts, we want to thank our incredible community," the post said. "You've not just been customers but have truly become part of our family. Rocky's has stood in Eastern Market for decades because of your love, loyalty, and countless shared memories. Rocky's has stood in Eastern Market for decades because of your love, loyalty, and countless shared memories." Rocky's, known for selling peanuts, candy, spices and other items, did not share in the post why it's closing. Eastern Market said in a comment on the post that Rocky's has been an "anchor for decades," and will support the business however it can. DeJanay Booth-Singleton contributed to this report.
Business Upturn
5 hours ago
- Business Upturn
As XRP Crosses $200 Billion Market Cap, HashJ Expands Support for Scalable XRP & Dogecoin Contract Rewards
London, United Kingdom, July 26, 2025 (GLOBE NEWSWIRE) — In response to XRP officially surpassing a $200 billion market capitalization, MGPD Finance Limited, doing business as HashJ, today announced the expansion of its mobile-based digital contract platform to further support XRP and Dogecoin-based reward systems. The platform allows everyday users to engage with the fast-growing digital asset economy—now including XRP-linked reward strategies and Dogecoin contract participation—entirely from their smartphones. This announcement reflects HashJ's continued mission to make crypto-based income tools more accessible and transparent to mainstream users. This article will deeply analyze the contract methods of these two digital assets and introduce how the HashJ platform makes it easy for every ordinary person to experience it. New users can visit the HashJ official website ( to register for free and receive a $118 gift package (including $100 trial money and $18 real rewards) to start the contract journey immediately. The XRP Challenge: Why Traditional Rewards Systems Fall Short XRP, developed by Ripple Labs, does not rely on Proof of Work or traditional blockchain-based reward systems. Unlike Dogecoin or Bitcoin, XRP does not support contract-driven earning mechanisms natively, due to its pre-issued total supply and consensus protocol based on validation nodes rather than computational method. To address this limitation, HashJ now offers XRP-related yield options via remote smart contract systems and diversified asset rewards—allowing users to engage with XRP's growth ecosystem even in the absence of contract-based mechanisms. Dogecoin Contracts: Still A High-Value Option in 2025 In contrast to XRP, Dogecoin remains a powerful option for daily crypto income. Through its Scrypt-based algorithm and merged structure with Litecoin, Dogecoin contract systems continue to deliver accessible and stable returns. Even without hardware, users can now access DOGE-linked rewards through HashJ's earning contracts: Daily income potential averaging 75 DOGE Net profit approximating $12.20/day with remote access No hardware or setup required—fully integrated mobile experience How HashJ Simplifies the Crypto Rewards Process Founded in 2018, HashJ is a global mobile-first platform that enables users to access crypto contract earnings with no prior technical background. The system supports BTC, ETH, DOGE, and XRP-related reward methods and is purpose-built for mobile access, remote management, and real-time daily income tracking. Key Benefits of HashJ's Contract Model: No hardware required – entirely app-based – entirely app-based Smart revenue automation – optimized by AI-based allocation – optimized by AI-based allocation Flexible entry points – users can start with as little as $10 – users can start with as little as $10 Zero risk onboarding – free $118 starter pack for new users Why choose HashJ'a contract system? In celebration of XRP's latest market milestone and growing Dogecoin contract demand, HashJ has launched the following upgrades for new registrants: $100 trial credit for contract experience for contract experience $18 in real crypto funds for immediate use for immediate use Access to XRP yield options, DOGE daily contracts, and multi-coin flexibility This total of $118 start-up funds is completely free, allowing every new user to participate in digital asset contracts with zero risk and achieve steady income. HashJ's Commitment to Broader Participation With the addition of XRP-focused rewards and stable DOGE-based contracts, MGPD Finance Limited (HashJ) continues to lead innovation in digital income tools. The platform is now used by over 2 million users globally and is positioned to support the next wave of crypto adoption across mobile and emerging markets. 'Crypto participation should be as easy as downloading an app,' said a spokesperson for HashJ. 'Our mission is to help everyday people build reliable digital income streams—even from assets like XRP that don't traditionally offer contract-based returns.' How To Start Your Digital Income Journey MGPD Finance Limited invites users to explore the new generation of smart contract tools that provide simple, secure, and consistent earning strategies across XRP, DOGE, and other leading assets. Register today at to claim your $118 starter bonus and begin earning from anywhere, anytime—no hardware, no experience, just results. About MGPD Finance Limited (doing business as hashj) Founded in 2018, MGPD Finance Limited (doing business as HashJ) is the world's leading mobile contract platform, dedicated to making it easy for everyone to participate in the income ecosystem of mainstream digital currencies. Users can sign contracts for BTC, ETH, DOGE and other currencies simply through their mobile phones. The platform operation is extremely simple and suitable for zero-based users. One-click operation, no technical background is required, you can start the digital asset income experience. For more information, visit: Download: Available on iOS and Android Business Inquiries: [email protected]
