Wellsfargo customer suffers loss of $8,265 in suspected Zelle fraud; $28,000 withdrawn from JPMorgan Chase account in alleged scam; Bank of America clarifies account closure misconceptions.
The Daily Hodl: Scams, Hacks, and Breaches
In the ever-changing crypto world, stories of scams, hacks, and breaches remain a constant threat to investors. Let's delve into some recent incidents and updates:
Tales of Woe – Sneaky Scammers and Gullible Victims
- Wells Fargo's Laughing Impostors
A supposed Wells Fargo employee in Georgia had a victim laughing all the way to the bank, albeit their own. Aleah McPherson, the unfortunate customer, revealed her savings (to the tune of $8,265) were stolen under the guise of 'fraud prevention.' McPherson followed the instructions to send funds via Zelle and a Chase Bank digital wallet, only to find her hard-earned money missing and the scammers laughing in the background[1].
- JPMorgan Chase – Zelle Exploitation
In a chilling tale from Connecticut, 37-year-old caretaker Jennifer Cedeno-Leon attempted to drain an 86-year-old man's account of $28,000 using Zelle[2]. The suspect, posing as a trusted caretaker, managed to execute multiple unauthorized transactions with the elderly victim's cell phone.
- Bank of America – False Alarm
Recently, there have been rumors of Bank of America issuing warnings about new account closure policies, potentially causing account termination and loss of funds. However, a spokesperson confirmed the policy has been in place for a long time and is not new[3].
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[1] Fox 5 Atlanta: https://www.fox5atlanta.com/news/westsides-crime-spot-wells-fargo-customer-says-thieves-laughed-at-her-loss
[2] Greenwich Time: https://www.greenwichtime.com/local/article/Jennifer-Cedeno-Leon-charged-with-draining-86728326.php
[3] People Magazine: https://people.com/money/bank-america-warns-customers-of-account-closure-policy-1806822102/
[4] Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
[5] Image Source: Openai.com
Industry News & Updates
- Ika Secures $21m Funding from Sui Foundation
- BYDFi Becomes Official Sponsor of TOKEN2049 Dubai
- BTSE Enterprise Solutions to Launch API Hackathon in Dubai
- Richard Heart Succeeds in SEC Case
- Huma Surpasses $4 Billion in Transactions on Solana
- Whale.io Prepares for Token2049 Dubai, Gears Up for WHALE Token Launch
- Saison Capital, BRI Ventures, and Coinvestasi Launch RWA Startup Accelerator in Indonesia
Research Spotlight
- Analyst Bullish on Bitcoin's 200% Rally
- Bitcoin Entering Parabolic Expansion phase
- Bank for International Settlements Focuses on Real-World Asset Integration between Crypto and TradFi
- Crypto Rug Pull Losses Soar Despite Decrease in Frequency
Daily Hodl covers the future of finance, encompassing macro, bitcoin, ethereum, trading, altcoins, futuremash, financeflux, blockchain, regulators, scams, hacks, and breaches.
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- In the rapidly evolving world of cryptocurrency, stories of scams, hacks, and breaches continue to surface, posing a significant risk to investors.
- Amidst these incidents, it's worth noting that Ika secured $21 million funding from the Sui Foundation, signifying a positive development in the industry.
- Similarly, BYDFi became an official sponsor of TOKEN2049 Dubai, a testament to the growing acceptance and integration of altcoins and blockchain technology.
- On a different note, Richard Heart successfully navigated an SEC case, potentially paving the way for future crypto-related legal battles. In finance, stories of losses due to rug pulls have surged, despite a decrease in their frequency. It's crucial for investors to be vigilant and make informed decisions, especially when it comes to hodling assets on the blockchain.
