The U.S. Federal Bureau of Investigation (FBI) warns that fraudsters are using couriers to collect money from victims of cryptocurrency investment scams, including “pig butchering” and “romance baiting” schemes. According to the FBI, these scams often lure victims into sending or transferring funds for purported crypto investment opportunities, while perpetrators use human couriers to receive payments. The FBI says courier cash pickups can help criminals bypass standard financial safeguards that would otherwise be triggered through conventional bank transfer routes. Instead of relying solely on bank transfers, scammers can arrange for money to be handed to couriers, which may allow the activity to appear less directly connected to online fraud from a banking perspective. The FBI’s warning highlights that victims may be instructed to pay quickly and in ways that involve intermediaries, including delivery or pickup of funds by couriers connected to the scam operation. The FBI’s advisory focuses on how scammers adapt their methods to move money and reduce the chance of detection, while continuing to exploit cryptocurrency-related narratives to gain access to victims’ funds.
FBI warns criminals use couriers to collect funds in cryptocurrency scams
The U.S. Federal Bureau of Investigation (FBI) warns that fraudsters are using couriers to collect money from victims of cryptocurrency investment scams, including “pig butchering” and “romance baitin...
- The FBI warns that criminals use couriers to collect money tied to cryptocurrency investment scams.
- The scams include tactics such as “pig butchering” and “romance baiting.”
- Courier involvement is used to circumvent or reduce reliance on bank transfer mechanisms.
- Victims are directed to pay through arrangements that involve physical cash pickup by couriers.
- The FBI advisory emphasizes scammers’ adaptation of payment methods to avoid detection.
The FBI claims couriers are being used to circumvent bank transfers in crypto investment schemes
2 months agoThe U.S. Federal Bureau of Investigation (FBI) warned that criminals are using couriers to collect money from victims of cryptocurrency investment scams, also known as pig butchering or romance baiting. [...]
2 months ago
PagerDuty reports 2027 second-quarter results and discusses business outlook on earnings call
PagerDuty reports results for 2027 Q2 and discusses performance and priorities during an earnings call. Coverage from ou...
Multiple companies report 2026 quarterly earnings, with results shared via earnings calls
Several companies hold quarterly earnings calls and publish results for 2026, covering periods ranging from Q2 2026 to Q...
Doug Ford unveils “Lake Ontario. Now and Always” sign after Trump “Lake America” order
Ontario Premier Doug Ford unveils a large billboard on the shore of Lake Ontario reading “Lake Ontario. Now and Always,”...