cryptocurrencyscams

To continue,
IT giants' responsibility, according to their claims, are limited to removing/blocking only obvoius scam applications and projects that are extremely difficult to overlook. And it is entirely up to a victim to prove that he or she is a victim, i.e. that he or she has suffered financial loss.
Furthermore, when scam apps mimic legitimate apps/services, IT giants only respond when the legitimate service/company's owner complains to them. Do you know how long it takes to submit a regular application with so many questions to verify that the scam app or project is fraudulent and that you are the true/legitimate owner? Very related to what a typical routine cybersecurity police officer must perform, which is also something that a cybersecurity police officer never does.

How many scam apps did the average individual come across while searching for relevant apps on Google Play and the Apple Store? At least every second is a scam. So, even if you're uploading a legitimate app to your phone, you worry and are hoping, “hope it's not a scam”, right? Does this seem like something you've experienced in your daily life? I believe so!
This is what happened to me after I reported a scam app (a #ScamCryptoApp ) to both the Google Play and the Apple Store. Both responded the same. You can leave a comment stating that the app is a scam app so that others are aware of it and do not upload it. To my request to take that app off the market, they responded by saying, "We cannot remove it." Can you believe it?
The CEOs of giant IT companies and founders, for example, Gates, Zuckerberg, Bezos, and others, scream that the IT industry is being severely harmed by so many scam apps, services, projects, or whatever, and that nobody seems to care about it and that the government is doing nothing about it! Only they do all the jobs!

Now, consider the world best IT specialists. Who are they working for? And how much are they paid? They work in giant IT companies with an average salary of $50K to $250K; only senior or genius IT specialists may earn $350K to $1M.
Who works in the government's cybersecurity departments? Ordinary IT specialists! How much are they paid? Even lower than the national average salary. A bit more skilled IT specialists work in private companies and earn slightly more than the national average salary.
When we look at the numbers, here is what an AI search result provided:
"1) A 2022 report highlighted 84 scam apps on the App Store that generated over $100 million annually.
2) Meta (Facebook/Instagram) has been accused of profiting from scam ads, with reports suggesting they earned $16 billion in 2024 from ads for scams and banned goods. Fraudsters use AI-driven ads to impersonate brands.
3) Investigations show that IT giants often continue to generate ad revenue from scams, with some estimates stating millions of users are affected by scams on platforms that have signed the UK's Online Fraud Charter.
4) Cryptocurrency Scams: Apple and Google have removed apps linked to Cambodia-based Huione Group, which was involved in a $24 billion illicit crypto marketplace. 

How much in total it is? It is difficult to estimate but here’s what we have:
1) The Global Anti-Scam Alliance (GASA) estimated that consumers worldwide lost over $1 trillion to all forms of scams in a single 12-month period ending in late 2024.
2) More recent 2025 research from GASA and Feedzai suggests a targeted estimate of $442 billion lost annually across 42 surveyed countries.
3) The Federal Trade Commission (FTC) reported that Americans lost $12.5 billion to fraud in 2024, with investment scams (often delivered via apps) being the costliest category at $5.7 billion.
4) Specifically for mobile messaging scams (which often lead to downloading scam apps), global losses were estimated at $80 billion in 2025.
Specific Scam App Impacts
1) Investment & Job Apps: In just the first half of 2025, victims in Singapore alone lost approximately $1.72 million to fraudulent apps like Dyreka and SafTools found on official stores.
2) Pig Butchering & Crypto: These app-based investment schemes are a primary driver of the $6.1 billion lost to investment scams in the U.S. through the third quarter of 2025.
3) APP Fraud Projections: Losses from authorized push payment scams—where users are tricked into sending money via an app—are projected to hit $7.6 billion by 2028 across major markets, including the U.S., UK, and India."

NOW, MY MAIN QUESTIONS ARE: HOW MANY HACKERS WERE CAUGHT? AND HOW MUCH MONEY FROM THE STOLEN AMOUNT WAS RETURNED TO OWNERS/VICTIMS? NOT EVEN 1% OF THE AMOUNT MENTIONED ABOVE!!!
However, the statistic says:
"1) Global Recovery Snapshot (2025–2026): The Global Anti-Scam Alliance (GASA) estimates that only 4% of scam victims worldwide manage to recover their funds, despite over $1 trillion in annual losses.
2) US Recovery Rates: In the United States, roughly 44% of financial scam victims reported recovering at least some of their money as of late 2025.
3) UK Leading the Way: Due to mandatory reimbursement laws implemented in October 2024, the UK has seen the highest recovery rates for Authorized Push Payment (APP) fraud: 88% of claimed losses (£173 million) were reimbursed to victims between October 2024 and September 2025. This is a significant jump from the 66% reimbursement rate recorded in the previous year. 
Recovery by Fraud Category. The likelihood of getting money back depends heavily on whether the fraud was "unauthorized" or "authorized":
1) Unauthorized Fraud (98% Refunded): If a criminal hacks your account or steals card details without your involvement, banks typically provide a full refund in over 98% of cases.
2) Authorized Push Payment/Scam Apps (62%–88% Refunded): If you were tricked into sending the money yourself (common with fake investment or shopping apps), recovery is harder. In the UK, the rate is now 88% for eligible claims. Globally, this figure is often much lower, with many victims receiving partial or no refunds.
3) #CryptocurrencyScams (70% Potential): While large-scale exchange hacks may recover as little as 0.4%–10%, private recovery efforts for individual traceable scams claim success rates averaging around 70% when reported quickly."

$BTC $METAon $NVDAon
#BitcoinVsGold #ScamAwareness #Write2Earn

Thai immigration authorities have dismantled a cross-border cryptocurrency scam that defrauded a local woman of over $620,000.
According to the local news outlet Khaosod, five suspects were arrested, including citizens of Cambodia, Myanmar, and Thailand. These individuals established a fake investment group to lure victims.
Scam Organized Through Social Media
The fraudsters launched the operation at the end of 2023, using a public Facebook group called “Investor Chat Room” to attract victims, including Ms. Mallika, by promising high returns on investments.
Later, they convinced Ms. Mallika to move the conversation to the LINE app, where they offered her “profitable” investment opportunities in cryptocurrency and stock portfolios, leading her to invest large amounts.
Building Trust and Manipulating the Victim
The suspects assured Ms. Mallika that her investments needed time to yield profit or that more capital was required for leveraged trading. To reinforce her trust, they sent her small returns, creating the illusion of legitimate investing. As a result, the victim transferred a total of 21 million baht (around $621,000) to accounts connected to the fraudsters.
Money Laundering and Investment in Luxury Real Estate
According to immigration officials, the acquired funds were transferred across borders using a Burmese trader who managed a cover company in Thailand. Through this method, the funds were divided across Cambodia, Myanmar, and Thailand. Eventually, the laundered funds were used to purchase a luxury apartment in Bangkok’s Rama 9 area, intended for quick resale.
Authorities’ Action and Arrest of Suspects
Following a detailed investigation, immigration authorities obtained warrants from the Southern Bangkok Criminal Court for the key suspects, who were subsequently arrested. The suspects now face charges of fraud, identity theft, and other crimes.
Other Similar Cryptocurrency Scams
As reported by crypto.news, a similar case involved the EXW-Token scam, where fraudsters defrauded Austrians of 20 million euros, promising high returns but instead using the funds to finance a lavish lifestyle.
In another recent case, the cryptocurrency exchange Binance helped freeze $100,000 USDT linked to Indian scammers, who solicited funds under the guise of investments in renewable energy projects.
#CryptocurrencyScams , #scamalert , #CryptoNews🚀🔥 , #Thailand , #Cryptocurrencies

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