Technology

Connecticut man loses life savings in crypto scam

Published

2 months ago

November 8, 2025

Connecticut man loses life savings in crypto scam

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When Joe A. from Shelton, Conn., received a text about a crypto investment opportunity, he thought it was his chance to rebuild after a divorce. Instead, he lost every dollar he had. Joe’s story is a heartbreaking reminder of how easy it is to fall for an online investment scam that promises quick success and easy money.

Joe has allowed Cyberguy to tell his powerful story so that others can learn from his experience and protect themselves from similar scams. Here is how it all went down and how you can protect yourself from falling into the same trap.

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HOW TO STOP IMPOSTOR BANK SCAMS BEFORE THEY DRAIN YOUR WALLET

After his account access vanished, scammers allegedly demanded more cash to “reactivate” it. By then, Joe’s retirement savings were wiped out. (Gabby Jones/Bloomberg via Getty Images)

How the online investment scam began

In August, Joe got a message from a company calling itself “ZAP Solutions.” They promised that if he invested $30,000, he’d soon have $368,000 in returns. It sounded like a smart move. Like many victims, Joe believed the pitch because it seemed professional and legitimate.

But soon, he was led deeper into a trap. Each “short-term investment” required another wire transfer. Before he knew it, Joe had sent every penny, his 401K, IRA, and other investments.

When the investment scam fell apart

The moment Joe was locked out of his account, panic set in. The scammers demanded more money to “reactivate” it. By the end, Joe had lost $228,000.

His mother, Carol, was devastated when she found out.

“I was shocked,” she said. “He showed us the screenshots, the messages, he emptied everything.”

Joe and his family filed a police report with local authorities and contacted the FBI. But according to officers, recovery is unlikely.

“They told us there’s no way to get it back,” Carol said. “These cyber stalkers move the money too fast.”

The bigger picture: Online investment scams are rising

Joe’s story isn’t unique. The FBI reports that cyber criminals have stolen more than $50 billion from Americans in just five years. Scammers prey on emotion, targeting people who are hopeful, lonely, or in transition.

“If it seems too good to be true, it probably is,” Joe said, stating a phrase we all should remember.

How to protect yourself from online investment scams

Staying safe starts with awareness and consistent action. Cybercriminals are getting more creative, so protecting your finances means staying alert every step of the way. Follow these proven steps to safeguard your accounts and identity.

1) Research before you invest

Always verify any investment opportunity before sending money. Look up the company through official government or financial websites, such as the SEC’s Investment Adviser Public Disclosure database or FINRA’s BrokerCheck. Read reviews, confirm licenses and search for scam alerts online.

2) Be suspicious of unsolicited messages and use strong antivirus software

If a text, email or social media message promises high returns, stop and think. Legitimate firms never cold-contact people about investment offers. Delete suspicious messages immediately and never click on links from unknown sources. Install and regularly update strong antivirus software on all your devices. This can block phishing attempts, malicious downloads, and fake investment platforms designed to steal your data.

The best way to safeguard yourself from malicious links that install malware, potentially accessing your private information, is to have strong antivirus software installed on all your devices. This protection can also alert you to phishing emails and ransomware scams, keeping your personal information and digital assets safe.

SCAMMERS NOW IMPERSONATE COWORKERS, STEAL EMAIL THREADS IN CONVINCING PHISHING ATTACKS

Joe’s mother says the family filed police and FBI reports, but recovery is unlikely as criminals move money fast across borders and accounts. (Photo by Silas Stein/picture alliance via Getty Images)

Get my picks for the best 2025 antivirus protection winners for your Windows, Mac, Android & iOS devices at Cyberguy.com.

3) Check email addresses and website domains

Scammers often use domains that look almost identical to real ones. Double-check for misspellings, extra letters or unusual web extensions like “.co” or “.biz.” If you’re unsure, search for the official company site separately in your browser.

4) Never wire money to strangers

Once you wire money to a scammer, recovery is nearly impossible. Never send money to someone you’ve only met online, even if they claim to represent a reputable company. Always confirm payment details through verified sources.

5) Talk to a trusted financial advisor

Before you invest large sums, get a second opinion from a licensed financial advisor. A professional can spot red flags and unrealistic promises that you might overlook.

6) Use a data removal service

Protect your personal information by using a data removal or privacy service that scrubs your phone number, address and other details from people-search sites. This reduces the chance of scammers finding and targeting you.

While no service can guarantee the complete removal of your data from the Internet, a data removal service is really a smart choice. They aren’t cheap, and neither is your privacy. These services do all the work for you by actively monitoring and systematically erasing your personal information from hundreds of websites. It’s what gives me peace of mind and has proven to be the most effective way to erase your personal data from the internet. By limiting the information available, you reduce the risk of scammers cross-referencing data from breaches with information they might find on the dark web, making it harder for them to target you.

Check out my top picks for data removal services and get a free scan to find out if your personal information is already out on the web by visiting Cyberguy.com.

Get a free scan to find out if your personal information is already out on the web: Cyberguy.com.

7) Enroll in an identity theft protection service

If scammers have your personal details, they could try to open credit cards or loans in your name. Enrolling in a reputable identity theft protection service adds another layer of security by monitoring your credit and alerting you to suspicious activity.

Identity theft companies can monitor personal information like your Social Security Number (SSN), phone number and email address, and alert you if it is being sold on the dark web or being used to open an account. They can also assist you in freezing your bank and credit card accounts to prevent further unauthorized use by criminals.

FBI WARNS SENIORS ABOUT BILLION-DOLLAR SCAM DRAINING RETIREMENT FUNDS, EXPERT SAYS AI DRIVING IT

From antivirus and data-removal services to identity-theft monitoring, CyberGuy shares concrete steps to block phishing, verify firms and protect your money. (Gabby Jones/Bloomberg via Getty Images)

See my tips and best picks on how to protect yourself from identity theft at Cyberguy.com.

8) Report suspicious activity immediately

If you believe you’ve been targeted or scammed, act fast. Contact your local police department, your bank and file a report with the FBI’s Internet Crime Complaint Center (IC3). Quick action can sometimes limit further loss or help investigators trace the fraud.

Kurt’s key takeaways

Joe’s story is painful, but it’s also powerful. His honesty may stop someone else from losing everything. Online scams thrive when people stay silent, but sharing stories like Joe’s helps others stay alert. So before you trust anyone promising quick profits online, take a pause, verify everything and remember Joe’s story because one moment of caution could save you from a lifetime of regret.

Have you ever received an investment offer that seemed too good to be true? Let us know by writing to us at Cyberguy.com.

Kurt “CyberGuy” Knutsson is an award-winning tech journalist who has a deep love of technology, gear and gadgets that make life better with his contributions for Fox News & FOX Business beginning mornings on “FOX & Friends.” Got a tech question? Get Kurt’s free CyberGuy Newsletter, share your voice, a story idea or comment at CyberGuy.com.

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Technology

Intel is planning a custom Panther Lake CPU for handheld PCs

Published

3 hours ago

January 7, 2026

Press Room

Intel is planning a custom Panther Lake CPU for handheld PCs

Intel announced yesterday that it’s developing an entire “handheld gaming platform” powered by its new Panther Lake chips, and joining an increasingly competitive field. Qualcomm is hinting about potential Windows gaming handhelds showing up at the Game Developers Conference in March, and AMD’s new Strix Halo chips could lead to more powerful handhelds.

According to IGN and TechCrunch, sources say Intel is going to compete by developing a custom Intel Core G3 “variant or variants” just for handhelds that could outperform the Arc B390 GPU on the chips it just announced. IGN reports that by using the new 18A process, Intel can cut different die slices, and “spec the chips to offer better performance on the GPU where you want it.”

As for concrete details about the gaming platform, we’re going to have to wait. According to Intel’s Dan Rogers yesterday, the company will have “more news to share on that from our hardware and software partners later this year.” The Intel-based MSI Claw saw a marked improvement when it jumped to Lunar Lake, and hopefully the new platform keeps up that positive trend.

Technology

Don’t lock your family out: A digital legacy guide

Published

3 hours ago

January 7, 2026

Press Room

Don’t lock your family out: A digital legacy guide

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This is not a happy topic. But it’s essential advice whether you’re 30 or 90.

If something happened to you tomorrow, could your family get into your digital life? I’m talking about your bank accounts, emails, crypto and a lifetime of memories stored on your phone or computer.

Big Tech and other companies won’t hand over your data or passwords, even to a spouse, without a hassle, if at all.

1. The 10-minute setup

Start with a Legacy Contact. Think of someone you trust who gets access only after you’re gone. Who is that? Good.

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One day, you won’t be here anymore, but your tech will bel. Here’s how to plan for that. (iStock)

· iPhone: Open Settings > tap [Your Name]. Tap Sign-In & Security > Legacy Contact. Go to Add Legacy Contact and follow the prompts.

· Google: Search for Inactive Account Manager in your Google Account settings. Choose how long Google should wait before acting (e.g., three months). Add up to 10 people to be notified and choose which data (Photos, Drive, Gmail) they can download.

Google has an “Inactive Account Manager” feature. (Chesnot/Getty Images)

2. The master key problem

Apple and Google don’t help with banking, insurance, investment or other sites or apps. You need a solid password manager like NordPass that offers emergency access features.

1. Open your Password Manager and look for Emergency Access.

2. Add a Digital Heir: Enter the email of a spouse or trusted child.

3. Set the Safety Delay: Choose a wait period. Usually 7 days is the sweet spot.

4. How it works: If your contact ever requests access, the app sends you an alert. If you’re fine, you hit Deny. But if you’re incapacitated and can’t respond within those seven days, the vault automatically unlocks for them.

Pro tip: Your Emergency Contact only gets viewing privileges. They can’t delete or change anything in your vault.

YOU’LL NEVER TRUST VIDEO AGAIN ONCE YOU SEE WHAT SORA 2 CAN DO

Facebook and Instagram have after-death options for accounts. (Karly Domb Sadof, File/AP )

3. Crypto and social media

· Crypto: Without your seed phrases, that money is gone. Store them physically along with any instructions and receipts of you buying crypto with your estate paperwork. If you use a crypto hardware wallet, keep that in a fireproof safe.

· Social media: On Facebook or Instagram, go to Settings > Memorialization. Choose to either have your account deleted or managed by a contact who can post a final tribute.

Be sure someone knows the passcode to your phone. That’s important for 2FA codes, among other things.

One more thing. If you found this guide helpful, be sure to get my free newsletter at GetKim.com to stay tech-savvy and secure every day!

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Technology

Power bank feature creep is out of control

Published

15 hours ago

January 6, 2026

Press Room

Power bank feature creep is out of control

There was a time not too long ago when buying a power bank was as easy as choosing the cheapest portable battery that could charge your phone and quickly slip into your pocket, purse, or backpack. The hardest part was deciding whether it was time to ditch USB-A ports.

Recently, however, brands have been slathering on features, many of which are superfluous, in an attempt to both stand out from the commodified pack and justify higher price points. It’s especially prevalent amongst the bigger power banks that can also charge laptops, those that butt right up to the “airline friendly” 99Wh (around 27,650mAh) size limit.

At CES 2026, we’re seeing a trend towards power banks with integrated cables, which is very convenient. But a similar trend to slap large, energy-sapping displays onto these portable batteries is just silly. And that’s just the start of the atrocities witnessed in recent months.

EcoFlow’s modular accessories are easy to lose and that big display sucks power, is difficult to navigate, and requires a screensaver.

Image: EcoFlow

The power bank that pushed things over the edge for me is the $270 EcoFlow Rapid Pro X Power Bank 27k that I received for review. Here’s my review: it’s bad. Do. Not. Buy. As a power bank, it tries too hard to do too much, making it too expensive, too big, too slow, and too heavy.

The snap-on decorative faceplates are ridiculous and the proprietary magnetic modules for its Apple Watch charger and retractable USB-C cable are too easy to misplace.

The giant display EcoFlow uses scratches easily and is too dim to easily read outdoors. The confusing UX on the Rapid Pro X model is especially offensive in its touch-sensitive clumsiness. Nobody needs a display that takes 30 seconds to wake up from sleep and plays swirly graphics and blinking eyeballs when awake, slowly sapping the power bank’s energy reserves. The fact that it has a screensaver tells me that the product team completely lost the plot.

Anker’s also guilty of putting large displays onto its power banks. Most people don’t need anything more than four dots to show the remaining capacity, but it’s becoming increasingly difficult to buy a power bank without a colorful LCD display. In the 20,000mAh range, Anker doesn’t even list a display-less model anymore. I, like many Verge readers, love to see the actually wattage pumping in and out of those ports — but the vast majority of people have no need for that.

Anker’s fast-charging, proprietary dock upsell.

Image: Anker

Anker, like EcoFlow, also offers power banks with proprietary pogo-pin connectors, Both companies use those connectors to lure owners into buying expensive desk chargers that don’t work with anything else. Those extra-fast charging speeds are unlikely to justify the premium expense for most people.

Most people, even tech savvy Verge readers, don’t even need a power bank that can output 140W of power delivery over USB-C. The majority of non-gaming laptops require 65W or less. And the primary computing device for most people — the phone — only requires about 20W.

We certainly don’t need power banks with built-in hotspots when that’s already built into our Android and iOS phones. Baseus made one anyway.

Bluetooth and Wi-Fi connectivity are becoming a common feature in some flagship power banks. I’m all for remotely monitoring massive power stations used to power off-grid homes and campers, but not a portable power bank that’s charging the phone in your hand or is plugged into a nearby wall jack.

The phone you’re charging also has a flashlight.

Image: Pangootek

We also don’t need integrated flashlights. Why random Amazon brand, why?

All these extra “features” just add weight, size, and cost to power banks. They also increase the risk that something will go wrong on a device that’s meant to always be with you and just work when you need it. And power banks don’t need any extra help justifying a recall.

Kickstands and integrated cables are useful features I’ll pay extra for.

Image: Kuxiu

One power bank trend I can get behind is integrated cables like the retractable version found on EcoFlow’s Rapid Pro Power Bank 27k (note the lack of “X” in the name). Always having a properly specced cable that matches the device’s max input and output is super convenient. I like that Kuxiu’s S3 MagSafe power bank, for example, neatly wraps the cable around the chassis to plug into a hidden USB-C jack. That way the cable can be replaced if it frays or breaks.

I’m also a fan of adding kickstands to MagSafe power banks that prop phones up at your preferred angle for extended viewing or recording. More importantly, a few companies are now adopting semi-solid state chemistry that makes their power banks less susceptible to thermal runaway, which was an industry plague in 2025. They cost more to buy, but they’re cheaper to own over their extended lifetimes.

Sharge’s counter argument to everything I’ve written.

Image: Sharge

I can’t help but enjoy the look of Sharge’s Retractable 3-in-1 Power Bank, even though its integrated wall outlet and underwhelming specs for a battery pack of this size and price completely undercuts my entire argument. I’m a sucker for Braun design, forgive me!

Basic power banks like Anker’s PowerCore 10k are a rarity these days.

Image: Anker

There are still basic power banks available that charge phones and even laptops without too much feature creep and attempted upsell. If all you want is to charge your phone then there’s Anker’s trusty $26 PowerCore 10k or, if you’re feeling fancy, Nitecore’s $65 NB10000 Gen 3 Ultra-Slim USB-C Power Bank. If you also want to charge laptops then you might consider INIU’s delightfully named Cougar P64-E1 Power Bank Fastest 140W 25000mAh for $90, or even Belkin’s more capable $150 UltraCharge Pro Laptop Power Bank 27K coming in March.

The fastest and most powerful power banks with lots of gee-whiz features will often generate headlines for pushing the envelope of what’s possible. But the “best” power bank might not be best for you, when basic affordability is all you really need.

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