While scams like these often only damage a single victim at a time, it can still be big money. NCET, along with other agencies, booked upwards of $112,000,000 from busting six such U.S.-based scams. The Federal Bureau of Investigation (FBI) estimates $3.31 billion was stolen from people in 2022 through investment fraud, with crypto-related scams accounting for more than a third (~$2.57 billion) of that figure. Worse than just money lost, the proliferation of confidence games – which require bad actors to cultivate long-term relationships and build trust with their marks – has tainted crypto’s reputation.
State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF (IBIT)
The investment board, also known as SWIB, was founded in 1951 and currently manages more than $156 billion in assets,...