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Digital currencies managed by local governments in Japan are increasingly being exploited by fraudsters, prompting investigative authorities to call for stronger security measures. Phishing scams are targeting Japan's local digital currencies, exploiting reward programs to defraud users. Despite a significant 69% drop in Ethereum-related scams linked to Japanese crypto exchanges in the first half of 2024, according to @chainalysis, and nearly a 50% decline in Bitcoin scams, risks persist as illicit activities continue to adapt rapidly.
JAPAN'S ETH SCAM DROP SIGNALS BETTER DEFENSES, BUT RISKS REMAIN Scam-related inflows from Japanese exchanges have dropped significantly in 2024, with Ethereum seeing a 69% decline. While this marks a positive shift, illicit activities still adapt rapidly—utilizing advanced… https://t.co/79AMKRAKwY
ETH SCAMS IN JAPAN TAKE A HIT, BUT DON'T GET TOO COMFY Scams tied to Japanese exchanges have seen a major drop in 2024: Ethereum-related fraud dropped 69%, while Bitcoin scams fell nearly 50%. Sounds good, but don't pop the champagne yet—crooks are still using consolidation… https://t.co/aUdeO7gCoZ
🇯🇵 $ETH scams linked to Japanese crypto exchanges fell by 69% in H1 2024, highlighting major strides in tackling fraud. @chainalysis shares the data. Read more👇 https://t.co/g9fUJy6RhD https://t.co/pPbvIk2Uk4
