Crypto

Lehigh County man lost over $62K in cryptocurrency scam, cops say

Published

3 months ago

August 3, 2024

Lehigh County man lost over K in cryptocurrency scam, cops say

A 57-year-old Emmaus man fell victim to a cryptocurrency scam that bilked him out of more than $62,000, state police said.

Pennsylvania State Police in Fogelsville said the man on July 15 reported to authorities he was being duped. Investigators say the scheme involved the victim providing financial information to a scam artist posing as a legitimate well-known cryptocurrency investor and entrepreneur.

The incident began in October 2023 over a Google workspace chat thread and went on until early April, according to a state police news release.

The victim received assistance from whom he thought was the legitimate investor in setting up several bitcoin transactions over a span of seven months. Investments totaled $62,115, according to state police.

When the victim went to access the funds, he realized all the cash was gone, police said.

Pennsylvania State Police in Fogelsville are investigating the scheme. The victim also has reported the scam to the Pennsylvania Attorney General’s Office.

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Pamela Sroka-Holzmann may be reached at pholzmann@lehighvalleylive.com.

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Crypto

Breakaway Music Festival To Accept Cryptocurrency At All 2025 Events | CULTR

Published

3 hours ago

November 13, 2024

Press Room

Breakaway Music Festival To Accept Cryptocurrency At All 2025 Events | CULTR

Independent music festival producer Breakaway Music Festival, today announced that all 12 of its festivals in 2025 will accept cryptocurrency as a form of payment for tickets, ultra VIP bottle service, & more. This move solidifies Breakaway’s position as a forward-thinking organization at the forefront of the music industry’s technological advancements.

Since its inception, Breakaway has rapidly emerged as one of the fastest-growing independent music brands, captivating festival-goers across the U.S. with its vibrant blend of music, culture, and community. Breakaway is also well-acquainted with blockchain and cryptocurrency. The company played a key role in launching Our Music Festival, the first blockchain-powered music festival. This venture offered Breakaway valuable insights into the potential of blockchain technology and the expanding cryptocurrency community.

“We’re excited to expand our offerings and embrace the future of payments by accepting cryptocurrency at all of our 2025 festival dates,” said Adam Lynn, co-founder and CEO of Breakaway. “As the music industry continues to evolve, we’re committed to adapting to the needs of our fans and staying ahead of the curve. By accepting cryptocurrency, we’re providing our fans with more flexibility and convenience, while also supporting the growth of the cryptocurrency community in the markets we’re serving next year and beyond.”

Crypto is back on everyone’s minds as of late as Bitcoin has reached new all-time highs. This is partly attributed to Donald Trump’s recent re-election victory. Trump has taken a pro-crypto stance, pledging to make the U.S. a global hub for cryptocurrency and proposing significant regulatory shifts, such as potentially replacing SEC leadership to favour crypto policies. Understandably this pushed the price of the majority of coins higher and brought companies and individuals back to the market.

2025 Breakaway Music Festival Dates

April 4-5: Breakaway Dallas

April 18-19: Breakaway Arizona

April 25-26: Breakaway Tampa

May 16-17: Breakaway Atlanta

May 30-31: Breakaway Ohio

June 6-7: Breakaway Minnesota

August 15-16: Breakaway Michigan

Sept 5-6: Breakaway Mass

Sept 12-13: Breakaway Philadelphia

Sept 26-27: Breakaway Carolina

October 3-4: Breakaway Alabama

October 17-18: Breakaway NorCal

Crypto

Cryptocurrency Users Targeted For Scams, Howell Police Warn

Published

11 hours ago

November 12, 2024

Press Room

Cryptocurrency Users Targeted For Scams, Howell Police Warn

HOWELL, NJ — People who have cryptocurrency accounts are being warned by Howell Township police about an increase in phishing scams aimed at taking over the accounts.

“These scams are becoming more common and it’s important for everyone to know how to spot them, even if you’re not very familiar with cryptocurrencies or online exchanges,” Howell police said.

Phishing is when scammers send fake emails or messages that look like they’re from a real company. Their goal is to trick you into giving away personal information like usernames, passwords, or financial details.

Find out what’s happening in Howellwith free, real-time updates from Patch.

Residents who have any questions or need help understanding these threats are urged to contact Detective Robert Ortenzi at 732-938-4575, ext. 2894, or Detective Richard Robertiello at 732-938-4575, ext. 2652.

Howell police shared the following signs that someone is trying to steal personal information:

Find out what’s happening in Howellwith free, real-time updates from Patch.

Urgent Requests: Emails that urge you to take immediate action, like “Your account will be closed!” or “Verify your information now!”
Poor Grammar or Spelling: Many phishing emails contain noticeable mistakes.
Requests for Personal Info: Any message asking for passwords, account numbers, or other sensitive data.
Suspicious Links: Links that direct you to websites that don’t look quite right or have strange web addresses.
Unusual Sender Email Addresses: Click on the sender’s name to reveal their actual email address. It should match the official company domain. For example, emails from Coinbase (a major cryptocurrency exchange) will always end with @Coinbase.com
Unknown Senders: Messages from companies or services you don’t use.

If you receive a suspicious email

Do Not Click Links or Open Attachments: They could contain malware that can harm your device.
Do Not Reply: Avoid engaging with the sender.
Verify the Message: If it seems important, contact the company directly using official contact information, not the details provided in the email.
Check the Sender’s Email Address: Click on the sender’s name to see their actual email address and confirm it’s legitimate.
Protect Your Accounts: Consider changing your passwords and enabling two-factor authentication for added security.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

To request removal of your name from an arrest report, submit these required items to arrestreports@patch.com.

Crypto

How high could Bitcoin go after Trump’s post-election surge?

Published

19 hours ago

November 12, 2024

Press Room

How high could Bitcoin go after Trump’s post-election surge?

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