Our Blog
The Blog of Cryptoscam Defense Network
Is Fraud a Felony? Examples and Legal Penalties
Is fraud a felony? This question often arises as fraud—a deceptive act committed to gain an unlawful advantage—carries different legal classifications and multiple consequences. Learning about the distinction between misdemeanor and felony fraud is very important for...
Difference between Blackmail and Extortion
The risks of blackmail and extortion are on the rise more than ever. These tactics involve threats to reveal sensitive information or demand payment. Yet, with advancing technology, criminals can easily hide behind anonymous profiles, complicating the protection of...
Fraud vs. Money Laundering: What’s the difference?
Financial crimes such as fraud and money laundering often tend to be interconnected due to the nature of both crimes. Where fraud affects people, governments, or businesses, there are usually criminal groups that need to disguise that money as legitimate for use....
What Is Fraud By False Representation? Examples
Fraud by false representation is an increasingly common issue, occurring when a person or a business deliberately lies or misrepresents the truth during a transaction. As detailed in Section 2 of the Fraud Act 2006, this type of fraud involves making a dishonest and...
What Are VIN Number Scams? Avoid Risks When Buying Used Cars
The Vehicle Identification Number (VIN) is a unique data for tracking, registering, and verifying the history of a vehicle, especially when it's used. Due to the shocking statistic of over 1,020,729 cars reported stolen in 2023, many of which are resold, the...
Crypto Emergency Fund: What Money You Should Invest?
In recent years, cryptocurrencies have become a popular choice because they are global assets that offer the potential for high returns, benefit from decentralization, and can be bought, sold, and transferred easily. However, using them to manage financial challenges...
What is Smishing (SMS Phishing): Examples and Recent News
Digital scams, such as phishing emails and fake websites, are a constant threat to personal security. Among these, SMS phishing, also known as smishing, is particularly malicious yet less understood by the public. Only about 23% of users are aware of what smishing is...
Fake CashApp Scams: How to Avoid Them
Money transfer apps like Cash App have transformed daily financial interactions by allowing users to send and receive money swiftly. These apps allow for quick payments and bill splitting, but like many online transactions today, these apps come with certain...
What to Do If Someone Is Blackmailing Me on WhatsApp?
Messaging applications like WhatsApp have connected strangers from all over the world in a matter of seconds. However, this growing popularity has also made it easier to compromise users' privacy and security, particularly through situations where personal information...