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Fraudsters are constantly evolving their tactics to manipulate unsuspecting victims. Here are a few helpful tips to avoid becoming a potential target of, or victim to, fraud: # Never create an account or use virtual currency addresses provided by a third party, unless you have independently verified their legitimacy. # Never share your account login credentials or two-factor authentication codes with anyone, including those claiming to be support representatives. # Be wary of unsolicited requests for remote access to your accounts, links, or apps from purported support representatives. # Verify their identity through official channels before granting access. # Never transfer funds from your investment accounts to “protect” them from alleged scams or hacks. Trusted institutions will never instruct you to move your funds in this manner. # Exercise extreme caution when interacting with individuals you've met online, especially if they request financial information or transactions. Romance is a common tactic used by fraudsters. # Be cautious of online relationships where the person claims to be highly successful and offers to share investing secrets or large sums of money. This could be a "pig butchering" scam, where the scammer slowly gains your trust and convinces you to invest, only to disappear with your funds. Promises of quick profits or unsolicited requests to send cryptocurrency are often indicators of a scam. # Avoid any arrangement that involves receiving and transferring money from unknown sources, even if it's portrayed as a legitimate work-from-home opportunity. These "money mule" scams often involve laundering illegally obtained funds, which can have severe legal consequences. Staying vigilant and following these best practices can help protect you from falling victim to fraudulent schemes. Remember, if something seems too good to be true, it likely is.

In the wild west of crypto and digital deceit, your best defense is awareness — let's dive into today's top scams. Pig Butchering Scams Commonly known as investment scams. This type of fraud involves con artists enticing individuals with false promises of high returns on investments, often using tactics like guaranteed profits or low-risk opportunities. These scammers typically operate through fake financial platforms or apps to deceive victims into investing their money, only to disappear with the funds. Helpful tips: 1. Beware of deals that sound too good to be true and avoid investments that pressure you to act quickly without providing sufficient information 2. Always research the investment company or platform before transferring any funds. 3. Never send money to someone you haven’t met in person Romance Scams Romance Scams are fraudulent schemes where individuals create fake online personas to establish romantic relationships with victims, with the ultimate goal of exploiting them for financial gain. These scams often involve emotional manipulation, deception, and lies to build trust and intimacy with the victim before requesting money or personal information. Helpful tips: 1. Verify the identity of the person you’re talking to by conducting online searches 2. Take your time getting to know someone online before sharing personal information or sending money 3. Protect your personal information and be wary of sharing sensitive details Employment Scams Employment scams are fraudulent schemes that prey on job seekers by offering fake job opportunities in exchange for personal information, payment and other deceptive practices. People may come across fake job postings or be contacted by recruitment impersonators. These job offers typically advertise the ability to make money working from home with little time or effort. Helpful Tips: 1. Watch out for companies that require you to pay an application fee or training fee 2. Be wary of jobs that hire you without a conversation or interview 3. Research the company before applying for a job or providing any personal information. Check their website, online reviews and contact information to verify their authenticity Staying informed, being vigilant and trusting your instincts are essential in protecting yourself from falling victim to scams and fraud. If you encounter suspicious activity or believe you have been targeted by a scam be sure to report it immediately to the appropriate authorities. Together we can combat scams and fraud by staying alert, reporting suspicious activity and creating a safer online environment for everyone.

In today’s digital age, it is crucial to equip yourself with the knowledge and skills to effectively protect yourself against online scams. By mastering the art of safeguarding your digital assets, you can significantly reduce the risk of falling victim to fraudulent schemes. Scammers may use various tactics such as friendly approaches, sympathy or fear mongering so it is essential to build your defenses. Let’s explore strategies that will empower you to take a smart approach in the digital realm. 1. Keep an eye out for suspicious signs such as strange emails, requests for personal information, or promises of offers that seem too good to be true. 2. Stay informed about common scam tactics and trends to stay one step ahead of fraudsters. 3. Report any suspicious activity to relevant authorities, such as consumer protection agencies or online platforms is crucial in preventing others from falling victim to the same scams. 4. Educate yourself and others about online security practices including: using strong passwords, enabling two-factor authentication, and being cautious about sharing personal information online. By following these steps, you can defend yourself against online scams and navigate the digital landscape with confidence and resilience.

High-Risk Online Platforms Cryptocurrencies offer a fast, sometimes anonymous, way for users to send and receive money to and from others around the globe. The same attributes that make them attractive to everyday people also make them exploitable to fraudsters, scammers, and other types of criminals. It’s important to be aware that while this new technology can greatly improve the global financial system, bad actors exist, and are always trying to take advantage of retail users and institutions alike. Please exercise caution when transacting, many types of venues leave users especially vulnerable to interacting with criminals. Below is a list of dangerous venue types, as observed by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN https://www.fincen.gov/): Darknet Marketplaces- These anonymized marketplaces frequently include offers for the sale of illicit goods and services, and often accept cryptocurrency payments, sometimes as the sole payment method. Unregistered Peer-to-Peer (P2P) Exchangers- Individuals or entities offering to exchange fiat currencies for virtual currencies or one virtual currency for another virtual currency. These exchangers usually operate informally, typically advertising and marketing their services through online classified advertisements, online forums, social media, and word of mouth. They may further anonymize transactions through “mixing”- blending the proceeds of multiple transactions from multiple users together. Unregistered Foreign-Located MSBs (Money Service Businesses)- Similar to P2Ps, these platforms may offer to exchange fiat and digital assets. They may also allow money to be sent to other users around the globe. Often, they are based in jurisdictions with less stringent Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) laws, but still allow US users to transact. Convertible Virtual Currency (CVC) ATMs/Kiosks- These are ATM-like devices or electronic terminals that allow users to exchange cash and virtual currency. CVC kiosks generally facilitate money transmission between a CVC exchange and a customer’s wallet, or operate as a CVC exchange themselves. Some of these kiosks follow AML/CFT laws properly, while some do not collect the necessary user information and provide criminals with another method to anonymously move value between fiat and CVCs. Learn more about Crypto Safety on our website here: https://lnkd.in/dfyYi8T5

The bitFlyer USA team will be heading to Nashville next week for Bitcoin 2024! We’ll be holding meetings to discuss all things #Bitcoin. If you'll be attending and would like to chat, feel free to send us a DM!

The bitFlyer USA team will be heading to Nashville next week for Bitcoin 2024! We’ll be holding meetings to discuss all things #Bitcoin. If you'll be attending and would like to chat, feel free to send us a DM!

What is Fraud? Fraud is the intentional manipulation of the truth for financial or personal gain through guile, deception or other unfair means. The easiest way for fraudsters to gain access to your information is through online cyber attacks. Unfortunately, due to advances in technology, cyber attacks are becoming more common, more dangerous, and more sophisticated than ever.?? At the click of a button, a fraudster- whether it be an individual, multiple individuals, or an organized operation- can gain access to a targeted person’s information. It's important for everyone to know some helpful tips to avoid fraud vulnerability. Learn more about Crypto Safety here: https://lnkd.in/dfyYi8T5

bitFlyer USA is committed to safeguarding our customers’ information. This month, we’ll be launching an educational series on Crypto Safety and Fraud to support and encourage all customers to stay vigilant and protect their accounts. Be sure to follow our page to join this series! Find more details on safeguarding your accounts here: https://lnkd.in/dfyYi8T5

?????????????????? ????????????????????????!! bitFlyer Holdings has entered into an agreement to acquire 100% of the share capital of FTX Japan K.K. After obtaining approval from the U.S. Bankruptcy Court, FTX Japan will become a wholly owned subsidiary of bitFlyer Holdings. With this acquisition, new services leveraging synergies within the group are expected to be developed.

?? Happy New Year from the bitFlyer USA team! Wishing you a year filled with joy, prosperity, and success. Our group CEO, Yuzo Kano, shares his heartfelt wishes for the year ahead. Check it out here: https://lnkd.in/eefiu7_5 ? Let's make this year remarkable together!