News & Reviews:   Frauds

This news might shock you. Recently, the founder of cryptocurrency exchange service FTX, Sam Bankman-Fried (SBF) has been sentenced to 25 years in prison by a court in New York. SBF was found guilty of seven charges involving money laundering and online fraud last November in a fraud case involving losses of up to $8 billion (~RM 38 billion).

The amount of scam and fraud cases is rising daily. Recently, ABM announced they have blocked over RM350 million in fraudulent transactions from January to October 2023. This is what you should know about it.

A total of RM2.5 million in losses was recorded in 2023 linked to fraud cases on social applications. The number covers as many as 494 cases involving cases of impersonation as a contact through social applications such as WhatsApp, Telegram and Facebook. So, what should you know about it?

Scam and fraud cases are rising these days. Recently, a woman in Pahang lost over RM70000 because of a scam. So, what should you know about it?

Now that we have arrived in 2024, it’s pretty common to see promotions and mouth-watering deals everywhere. That includes both online and COD-related purchases. That said, scam cases are also at an all-time high during this period. That said, this is how you can prevent yourself from falling into COD scams.