Department – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Wed, 03 Sep 2025 06:47:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Department – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 TRON Selected by U.S. Commerce Department for GDP Data Publication as Network Adoption Surges After 60% Fee Reduction https://earlybirdsinvest.com/tron-selected-by-u-s-commerce-department-for-gdp-data-publication-as-network-adoption-surges-after-60-fee-reduction/ https://earlybirdsinvest.com/tron-selected-by-u-s-commerce-department-for-gdp-data-publication-as-network-adoption-surges-after-60-fee-reduction/#respond Wed, 03 Sep 2025 06:47:58 +0000 https://earlybirdsinvest.com/tron-selected-by-u-s-commerce-department-for-gdp-data-publication-as-network-adoption-surges-after-60-fee-reduction/

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September 2, 2025 – Geneva, Switzerland – TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), announced today that the U.S. Department of Commerce has selected the TRON blockchain as one of the primary networks for posting official economic data, beginning with the second quarter gross domestic product (GDP) release.

For the first time, a federal agency has published official GDP data to public blockchains, demonstrating how decentralized technology can safeguard transparency and provide global access to critical economic indicators. The Bureau of Economic Analysis (BEA) reported a Q2 2025 GDP growth rate of 3.3 percent on an annualized basis, with the data hash recorded immutably on TRON with the transaction hash: 3f05633fb894aa6d6610c980975cca732a051edbbf5d8667799782cf2ae04040.

TRON’s Role in Securing U.S. Economic Data

The Department of Commerce recorded the SHA256 hash of the official GDP release on TRON, acknowledging the network’s proven ability to deliver scale, speed, efficiency, and global accessibility. Processing over $22 billion in daily settlement and more than 8.8 million daily transactions, TRON has emerged as a trusted layer of infrastructure not only for financial markets but also for the secure publication of government data worldwide.

“Publishing GDP data on chain is a powerful statement about the role TRON now plays as public infrastructure, not only for payments but for safeguarding some of the world’s most important information,” said Justin Sun, Founder of TRON. “This initiative shows how blockchain can advance transparency and trust in ways that strengthen both traditional institutions and decentralized systems. It is only the beginning of how public blockchains like TRON will redefine global access to data and finance.”

Publishing the GDP data hash on TRON highlights the role of decentralized networks in preserving data integrity, strengthening accountability, and ensuring open access for citizens, researchers, and policymakers worldwide. It also reflects the United States government’s commitment to leadership in blockchain innovation and to advancing America’s position as the global hub for digital trust and transparency.

In August 2025, TRON’s community governance approved a 60 percent reduction in energy fees, sharply lowering transaction costs and immediately driving adoption. Within days, TRON surpassed 2.5 million daily active users, overtaking both BNB Chain and Solana in activity, according to DeFiLlama data. The move was designed to preserve accessibility, particularly for stablecoin transfers, where TRON leads globally with more than $79 billion in USDT circulating on the network. 

Through its continued commitment to affordability and accessibility, TRON is establishing the foundation for enduring growth and securing its position as a vital infrastructure for the future of the global digital economy.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $79 billion. As of September 2025, the TRON blockchain has recorded over 329 million in total user accounts, more than 11 billion in total transactions, and over $28 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”

TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

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Yeweon Park
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]]> https://earlybirdsinvest.com/tron-selected-by-u-s-commerce-department-for-gdp-data-publication-as-network-adoption-surges-after-60-fee-reduction/feed/ 0 56510 The US Department of Commerce selects Kraken as a partner in historic initiatives to increase transparency in economic data https://earlybirdsinvest.com/the-us-department-of-commerce-selects-kraken-as-a-partner-in-historic-initiatives-to-increase-transparency-in-economic-data/ https://earlybirdsinvest.com/the-us-department-of-commerce-selects-kraken-as-a-partner-in-historic-initiatives-to-increase-transparency-in-economic-data/#respond Fri, 29 Aug 2025 04:21:03 +0000 https://earlybirdsinvest.com/the-us-department-of-commerce-selects-kraken-as-a-partner-in-historic-initiatives-to-increase-transparency-in-economic-data/

Kraken was chosen by the US Department of Commerce to promote the groundbreaking initiative announced this morning by President Donald Trump and Secretary Howard Rutnick. This initiative, distributing US Gross Domestic Product (GDP) data on nine major public blockchains, marks milestones in the use of blockchain technology to increase transparency in economic data.

As part of this historic effort, Kraken has installed the Department of Commerce as a client, helping to procure cryptocurrencies such as Bitcoin (BTC), Ethereum (Eth), Solana (Sol), Avalanche (Avax), Stellar (XLM), Polygon (Pol), and Tron (TRON (POL)).

By recording an on-chain hash of this critical economic information, the Department of Commerce ensures that US GDP data is verifiable, tampered and globally accessible. This sets new standards for transparency in government reporting.

“This is a groundbreaking moment for both our industry and our country,” said Arjun Sethi, Kraken Co-CEO. “We praise President Trump and Secretary Lutnick for their vision to realize this initiative and are honored to play a role in its implementation. By leveraging blockchain technology to distribute GDP data, the US is setting up a global example of how transparency, trust and innovation can progress.”

“Today’s announcement is a powerful example of how governments and industries can work together to promote innovation across the global economy,” said Jonathan Jacyhm, head of Kraken’s global policy and government relations. “The message is clear: Blockchain technology is becoming more and more present than just the future of financial infrastructure.”

The initiative reflects the Trump administration’s broader commitment to integrating blockchain technology into key government functions and strengthening the US’s position as a global leader in digital innovation. It also uses public blockchains to mark milestones in the G7 economy to spread official economic statistics.

Kraken is still committed to providing safe, reliable and efficient services to support the Department of Commerce for this project and future initiatives.

]]> https://earlybirdsinvest.com/the-us-department-of-commerce-selects-kraken-as-a-partner-in-historic-initiatives-to-increase-transparency-in-economic-data/feed/ 0 55657 U.S. Justice Department Official Says Writing Code Without Bad Intent 'Not a Crime' https://earlybirdsinvest.com/u-s-justice-department-official-says-writing-code-without-bad-intent-not-a-crime/ https://earlybirdsinvest.com/u-s-justice-department-official-says-writing-code-without-bad-intent-not-a-crime/#respond Fri, 22 Aug 2025 03:51:31 +0000 https://earlybirdsinvest.com/u-s-justice-department-official-says-writing-code-without-bad-intent-not-a-crime/

A senior official at the U.S. Department of Justice knew the crypto audience in Wyoming had fresh software developer convictions on its mind when he told them on Thursday that his department doesn’t want to go after digital assets software developers who don’t have money-laundering intentions.

Matthew Galeotti, acting assistant attorney general in the DOJ’s criminal division, made those assurances at an event hosted by the new crypto group American Innovation Project, drawing vigorous applause.

“The department will not use federal criminal statutes to fashion a new regulatory regime over the digital asset industry,” he said. “The department will not use indictments as a lawmaking tool. The department should not leave innovators guessing as to what could lead to criminal prosecution.”

He added that “merely writing code without ill intent is not a crime.”

Those sentiments arrive against the backdrop of a couple of recent courtroom developments in which U.S. prosecutors won convictions against crypto developers. Most prominently, Tornado Cash developer Roman Storm was found guilty of running an unlawful money transmitting business.

That followed closely on the heels of a plea agreement involving the developers behind Samourai Wallet pleading guilty to conspiracy to operate an unlicensed money transmitting business — a significantly lesser charge to what they’d originally faced.

Galeotti directly addressed concerns about that specific criminal code they were all convicted under. He said the DOJ wouldn’t use it in crypto cases unless prosecutors have “evidence that a defendant knew of the specific legal requirements and willfully violated it.”

He said new charges won’t be pressed under that code in cases in which “software is truly decentralized and solely automates peer-to-peer transactions, and where a third party does not have custody and control over user assets.”

An April memo issued by Deputy Attorney General Todd Blanche had set out the stance of the department under the leadership appointed by U.S. President Donald Trump. It noted the national cryptocurrency enforcement team had been disbanded and said the DOJ would take a careful approach to crypto cases after the previous administration “created a particularly uncertain regulatory environment around digital assets.” Despite the Blanche memo, the Southern District of New York (SDNY) pressed forward with their cases against Storm and the Samoruai Wallet developers.

“Developers of neutral tools with no criminal intent should not be held responsible for someone else’s misuse of these tools,” Galeotti said at the Thursday event, the first held by the AIP that was launched this week. “If a third party’s misuse violates criminal law, then that third party should be prosecuted, not the well-intentioned developer.”

The protection of crypto software developers has been a central lobbying point for the industry in its negotiations with lawmakers and regulators in Washington. The crypto market structure legislation currently moving through Congress has included protections of such developers, though the final version isn’t yet set in the Senate.

“The fact that the DOJ acknowledged that software developers should not be held responsible for third parties’ misuse of their code affirms what we have been advocating for years,” said Amanda Tuminelli, executive director of the DeFi Education Fund, in a statement after Galeotti’s remarks. “Let’s celebrate this as a moment of progress and remember that there is still more work to be done to change the law permanently.”

Read More: DOJ Axes Crypto Unit as Trump’s Regulatory Pullback Continues

]]> https://earlybirdsinvest.com/u-s-justice-department-official-says-writing-code-without-bad-intent-not-a-crime/feed/ 0 54486 US Economy at ‘Stall Speed,’ Warns Goldman Sachs As Labor Department Slashes June Jobs Growth by 90% https://earlybirdsinvest.com/us-economy-at-stall-speed-warns-goldman-sachs-as-labor-department-slashes-june-jobs-growth-by-90/ https://earlybirdsinvest.com/us-economy-at-stall-speed-warns-goldman-sachs-as-labor-department-slashes-june-jobs-growth-by-90/#respond Sun, 03 Aug 2025 15:06:22 +0000 https://earlybirdsinvest.com/us-economy-at-stall-speed-warns-goldman-sachs-as-labor-department-slashes-june-jobs-growth-by-90/

A Goldman Sachs executive is warning that the US economy is losing momentum after a sharp downward revision in job creation over the past few months.

On Friday, the Bureau of Labor Statistics (BLS) revised down the job growth figures for June from 147,000 to 14,000, a 90% drop.

Figures for May were also revised down from 144,000 to 19,000, bringing the combined two-month downward revision to 258,000 jobs.

In a new CNBC interview, Goldman Sachs chief economist Jan Hatzius says the jobs data suggest that the US economy is losing steam.

“Weeks ago, we wrote a report with the title ‘Stall Speed.’ We have only a little more than 1% growth in GDP in the first half and with this jobs number, I think that brings the picture to clearly stall speed image. 

I’m looking at an economy that is still growing but is growing very slowly. And the unemployment rate is drifting higher, gradually. But I do think that the downside risks in the labor market…. are definitely there.”

According to Hatzius, the Fed now has the green light to cut rates in the coming months to support the labor market.

“I think it makes it even more likely that they’re going to cut in September. We have had a series of 25 basis point cuts in September, October, December and to me that seems very likely.

And it could be more. 

It’s certainly a reasonable idea that we’re in the restrictive territory, but this sort of data suggests that maybe we should get back to neutral a little bit more quickly. We have that happening over a longer period of time, but you could accelerate the process.”

 

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]]> https://earlybirdsinvest.com/us-economy-at-stall-speed-warns-goldman-sachs-as-labor-department-slashes-june-jobs-growth-by-90/feed/ 0 51252 South Korean Central Bank Unveils New ‘Cryptoassets Department’ https://earlybirdsinvest.com/south-korean-central-bank-unveils-new-cryptoassets-department/ https://earlybirdsinvest.com/south-korean-central-bank-unveils-new-cryptoassets-department/#respond Wed, 30 Jul 2025 01:19:03 +0000 https://earlybirdsinvest.com/south-korean-central-bank-unveils-new-cryptoassets-department/

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South Korean Central Bank Unveils New ‘Cryptoassets Department’

South Korea’s Central Bank has announced it will reorganize its structure to include a “cryptoassets department” as a wave of public sector stablecoin-related activity continues to build momentum.

The South Korean media outlet News1 reported that the Bank of Korea (BOK) has established a new division named the “Cryptoasset Department.”

The headquarters of the Bank of Korea, in Seoul, South Korea.

Cryptoassets Department: New BOK Division to Monitor Crypto Sector

The BOK also announced that its Digital Currency Research Lab, which operates within its Financial Settlement Bureau, will be renamed the Digital Currency Lab on July 31. News1 explained:

“This appears to be an attempt to emphasize its status as a business unit.”

The bank added that it has also reorganized the roles of the teams that make up the lab, and will assign staffers to test token usability.

The BOK said its Cryptoasset Team Department would operate within its Financial Settlement Bureau.

This division, it said, will be responsible for monitoring the crypto market. Its remit will also include Korean won-pegged stablecoins and legislative matters.

The media outlet wrote that experts have interpreted the reshuffle as an “attempt to better respond to recent discussions on stablecoin issuance, while continuing work on its central bank digital currency (CBDC).”

CBDC Plans on Ice?

The BOK recently hit the pause button on its CBDC rollout plans, seemingly in direct response to the government’s stablecoin legalization plans.

The bank seems to believe that CBDC-based deposit tokens are no different from bank-supported KRW stablecoins.

The BOK Governor Rhee Chang-yong said last year that deposit tokens are essentially “stablecoins issued by banks.” Rhee said earlier this month:

“No matter if we are talking about a won stablecoin or a deposit token, we will need a digital currency in the future. We will carefully consider whether it is better to gradually move forward with a focus on the banking sector or to expand this to the wider private sector.”

South Korean Stablecoin Regulation Incoming

The bank’s move comes just hours after the nation’s two biggest political parties rolled out stablecoin regulation bills.

Both bills propose giving the Financial Services Committee sweeping regulatory powers over the stablecoin industry.

Critics think this will significantly diminish the role of the BOK. And the BOK has previously hit out at private sector stablecoin adoption plans.

It claims that KRW-pegged coins could undermine Seoul’s ability to conduct effective monetary policy.

Some of the country’s biggest tech firms have already registered KRW stablecoin-themed trademarks in anticipation of a green light from Seoul.


]]> https://earlybirdsinvest.com/south-korean-central-bank-unveils-new-cryptoassets-department/feed/ 0 50404 Bank Insider Drains $195,000 From Churches, Kids Museum and Customers, Fakes Own Death To Prevent Recovery of Incriminating Evidence: US Department of Justice https://earlybirdsinvest.com/bank-insider-drains-195000-from-churches-kids-museum-and-customers-fakes-own-death-to-prevent-recovery-of-incriminating-evidence-us-department-of-justice/ https://earlybirdsinvest.com/bank-insider-drains-195000-from-churches-kids-museum-and-customers-fakes-own-death-to-prevent-recovery-of-incriminating-evidence-us-department-of-justice/#respond Sat, 26 Jul 2025 15:15:47 +0000 https://earlybirdsinvest.com/bank-insider-drains-195000-from-churches-kids-museum-and-customers-fakes-own-death-to-prevent-recovery-of-incriminating-evidence-us-department-of-justice/

A bank employee is pleading guilty to stealing from the lender’s customers and lying to conceal her guilt, according to the US Attorney’s Office for the Eastern District of Virginia.

The Eastern District says Truist Bank employee, Ahshah Dior Martin, stole $195,000 from at least 70 Truist Bank accounts.

Martin started gathering banking information on her would-be victims in 2023 after improperly accessing the bank’s computer systems.

“Then, she initiated fraudulent debits and withdrawals from these accounts for her own benefit. For instance, Martin repeatedly initiated payments from customer bank accounts to a child support payment processor, through which Martin paid herself.”

The victims Martha stole from while working at Truist Bank were diverse and comprised of both individuals and entities, according to the Eastern District. They included “multiple churches, a children’s museum, an eye tissue bank non-profit organization, manufacturing and construction companies, a small business making customized holsters, and the North Carolina Wing of the Civil Air Patrol.”

Truist Bank fired Martin in April of 2024 but she frustrated efforts by the eighth-largest US bank by total assets to retrieve the computer she had been issued at work.

“To conceal her wrongdoing and prevent the return of her Truist laptop, Martin faked her own death. On April 17, 2024, in response to an email from Truist asking for the computer, Martin responded, “Sorry to inform you, she has passed away.””

The former Truist Bank employee spent the money she stole on “cosmetic products, clothing, travel expenses, dining, and at a hookah bar,” the Eastern District says.

Martin faces up to three decades in prison. She will be sentenced in November.

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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. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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]]> https://earlybirdsinvest.com/bank-insider-drains-195000-from-churches-kids-museum-and-customers-fakes-own-death-to-prevent-recovery-of-incriminating-evidence-us-department-of-justice/feed/ 0 49792 Police Issue Warning on Spread of Fake ‘Fraud Department’ Scammers as One Victim Loses $15,000 to Scheme: Report https://earlybirdsinvest.com/police-issue-warning-on-spread-of-fake-fraud-department-scammers-as-one-victim-loses-15000-to-scheme-report/ https://earlybirdsinvest.com/police-issue-warning-on-spread-of-fake-fraud-department-scammers-as-one-victim-loses-15000-to-scheme-report/#respond Thu, 24 Jul 2025 19:42:28 +0000 https://earlybirdsinvest.com/police-issue-warning-on-spread-of-fake-fraud-department-scammers-as-one-victim-loses-15000-to-scheme-report/

Scammers are reportedly posing as bank fraud investigators to steal money from unsuspecting victims.

According to WPLG Local 10, the Broward Sheriff’s Office (BSO) in Florida has issued a warning about the scheme and is urging the public to be vigilant amid rising cases of bank-related phone scams.

WPLG reports that the BSO Pompano Beach District has already received more than a dozen complaints from residents who were tricked into handing out thousands of dollars to the scammers.

Deputies say that one victim lost $15,000 to the scheme. A couple was also tricked into giving up their debit cards and personal identification numbers (PINs), resulting in more than $9,000 in fraudulent charges.

The bad actors typically contact their prospective victims, pretending to work for the fraud department of the victim’s bank.

The scammers then claim there are suspicious activities on the victim’s account that require immediate action to protect the funds. They then tell the victims to withdraw large sums of money or hand over their debit cards and PINs.

In some cases, the scammer arranges for an Uber to pick up the money or the debit card, instructing the victim to place the envelope containing these items in the backseat and not speak to the driver.

The police say that legitimate banks will not tell their clients to withdraw money and send it through a ride-share service, nor will they ask to hand over debit cards and PINs to a third party.

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]]> https://earlybirdsinvest.com/police-issue-warning-on-spread-of-fake-fraud-department-scammers-as-one-victim-loses-15000-to-scheme-report/feed/ 0 49457 Trump Media’s Cryptocurrency Department reaches $2 billion, with stocks surged by nearly 9% https://earlybirdsinvest.com/trump-medias-cryptocurrency-department-reaches-2-billion-with-stocks-surged-by-nearly-9/ https://earlybirdsinvest.com/trump-medias-cryptocurrency-department-reaches-2-billion-with-stocks-surged-by-nearly-9/#respond Tue, 22 Jul 2025 05:00:27 +0000 https://earlybirdsinvest.com/trump-medias-cryptocurrency-department-reaches-2-billion-with-stocks-surged-by-nearly-9/

Trump Media and Technology Group, the parent company of Truth Social, has accumulated $2 billion in Bitcoin and Bitcoin-related securities as part of its newly implemented Crypto Treasury strategy.

In particular, $2 billion in Bitcoin and Bitcoin Link securities currently represent roughly two-thirds of Trump Media’s $3 billion in liquid assets.

According to a July 21, 2025 Bloomberg report, Devin Nunes, CEO of TMTG, said: “We are implementing our publicly-published strategies strictly and carrying out our Bitcoin financial plans. These assets help us to ensure our financial freedom, protect us from discrimination by financial institutions, and create synergy to introduce practical tokens.”

Discover: Next 1000x ciphers: 10+ crypto tokens that can hit 1000X in 2025

The news is that TMTG shares have skyrocketed over 8% in early trading. Interestingly, positive market responses indicate feelings of custody. Plus, the news is just below the ATH of last week’s recent $123,000 ATH, as Bitcoin is trading at nearly $118,000.

Additionally, TMTG is reportedly considering partnering with platforms such as Crypto.com to launch Exchange-Traded Funds (ETFs) on Bitcoin and Cronos blockchains.

Crypto.com CEO Kris Marszalek told X: “Crypto.com is proud to be able to work with TMTG on implementing this Bitcoin purchase.”

In January 2025, TMTG said: “As of December 31, 2024, in order to diversify the cash and cash equivalent reserves of more than $700 million, the board has approved an investment of up to $250 million for Charles Schwab to be managed.” At the time, the company said the fund could be allocated to customized, individually managed accounts (SMAs), customized ETFs and Bitcoin, similar cryptocurrencies, or crypto-related securities.

Discover: 20+ Next Cryptocurrency to Explode in 2025

Key takeout

  • TMTG has accumulated $2 billion in Bitcoin and Bitcoin-related securities as part of its newly implemented Crypto Treasury strategy.

    • Trump Media intends to continue expanding its Bitcoin Holdings and crypto asset exposure. It potentially uses the capital to support further acquisitions and future token initiatives.

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    ]]>     https://earlybirdsinvest.com/trump-medias-cryptocurrency-department-reaches-2-billion-with-stocks-surged-by-nearly-9/feed/ 0 48975     U.S. Treasury Department Officially Revokes Controversial Crypto Broker Reporting Rule After Republican Lawmakers Vote It Down https://earlybirdsinvest.com/u-s-treasury-department-officially-revokes-controversial-crypto-broker-reporting-rule-after-republican-lawmakers-vote-it-down/ https://earlybirdsinvest.com/u-s-treasury-department-officially-revokes-controversial-crypto-broker-reporting-rule-after-republican-lawmakers-vote-it-down/#respond Fri, 11 Jul 2025 18:03:52 +0000 https://earlybirdsinvest.com/u-s-treasury-department-officially-revokes-controversial-crypto-broker-reporting-rule-after-republican-lawmakers-vote-it-down/

    The Department of the Treasury is formally taking down a new rule that expanded the definition of a broker under the U.S. Tax Code.

    The rule titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales” classified decentralized finance (DeFi) exchanges as brokers required to furnish the Internal Revenue Service (IRS) with information on user transactions involving digital assets.

    The rule was published in the Federal Register on December 30th during the final weeks of the Biden administration and took effect on February 28th.

    In March, legislators from both chambers of Congress voted to repeal the controversial law, a move supported by President Donald Trump, who signed the bill reversing the crypto broker rule on April 11th.

    The Treasury Department says the controversial rule now has no legal force or effect.

    “Pursuant to the CRA (Congressional Review Act), any rule that takes effect and later is made of no force or effect by enactment of a joint resolution shall be treated as though such rule had never taken effect. Accordingly, the Treasury Department and the IRS are reverting the text of the section 6045 regulations back to the text that was in effect immediately prior to the effective date of the Final Rule.”

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    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. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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    ]]>     https://earlybirdsinvest.com/u-s-treasury-department-officially-revokes-controversial-crypto-broker-reporting-rule-after-republican-lawmakers-vote-it-down/feed/ 0 47076     Wells Fargo Customer Loses $61,000 in Fake Virus, Fake Apple Care, Fake Bank Fraud Department Scam: Report https://earlybirdsinvest.com/wells-fargo-customer-loses-61000-in-fake-virus-fake-apple-care-fake-bank-fraud-department-scam-report/ https://earlybirdsinvest.com/wells-fargo-customer-loses-61000-in-fake-virus-fake-apple-care-fake-bank-fraud-department-scam-report/#respond Sun, 08 Jun 2025 15:52:08 +0000 https://earlybirdsinvest.com/wells-fargo-customer-loses-61000-in-fake-virus-fake-apple-care-fake-bank-fraud-department-scam-report/

    A Wells Fargo customer in North Carolina has lost $61,000 after falling for a scam originating with a fake virus warning on her computer.

    The deceptive pop-up message claimed the 73 year-old woman’s device was infected, including a fake Apple Care phone number for her to call, reports Columbus County News.

    When she dialed the number, scammers posing as Apple Care representatives said her computer and bank accounts were compromised.

    They then pretended to transfer her to Wells Fargo’s fraud department.

    Over several days, the criminals convinced the victim that fraudulent transactions were pending on her accounts.

    Following their instructions, she withdrew $61,000 in four transactions and converted it to Bitcoin, enabling the scammers to con her out of the funds.

    When the scammers claimed they had identified a suspect in Texas and instructed her to meet at a local police department to sign paperwork and recover her funds, the victim became suspicious and report the incident to the local sheriff’s office, which is investigating the case and issued a statement.

    “Citizens are reminded to remain vigilant when receiving unsolicited messages or calls requesting financial transactions and to verify any such claims directly with official service providers.”

    To avoid falling prey to impostor scams, the FTC advises people to avoid sharing personal or financial information in response to unsolicited requests and be cautious of urgent demands or unusual payment methods like gift cards or crypto.

    The FTC also has a portal where anyone can report suspicious activity at ReportFraud.ftc.gov.

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    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. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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