Scammers Are Posing as Bank CEOs in WhatsApp Groups to Steal Your Money
- Fraudsters are impersonating lenders, investment firms, and financial influencers on social media to lure victims into fake trading schemes.
- The scams involve identity theft, pump-and-dump stock manipulation, and fraudulent cryptocurrency platforms.
- All of them are promoted through seemingly legitimate WhatsApp groups.
Thursday, 02/10/2025 | 08:20 GMT by
Damian Chmiel
How Fake Facebook Celebrities Are Stealing Real Money on WhatsApp
- Fraudsters impersonate prominent New Zealand financial figures using AI-generated videos to lure victims into fake investment schemes.
- Although the videos featuring local media stars are fake, the money involved is real, as are the resulting losses.
Tuesday, 19/08/2025 | 07:14 GMT by
Damian Chmiel
WhatsApp Deletes 6.8M Accounts; Pig Butchering Scams Spread via ChatGPT, Telegram
- Scammers use AI-written messages on WhatsApp, then move victims to Telegram for fraud.
- A study found 236 major crypto scam cases, with a majority portion involving romance scams and pig butchering tactics.
Wednesday, 06/08/2025 | 15:16 GMT by
Tareq Sikder
BaFin Warns Against Investment Offers Shared in WhatsApp Groups by Unlicensed Firm
- The German regulator warned against Axionto, accusing the company of promoting unlicensed investment services on WhatsApp and private messages.
- A recent BaFin study revealed that young investors, especially those aged 18 to 45, are increasingly relying on social media for financial information.
Wednesday, 09/07/2025 | 20:13 GMT by
Jared Kirui
The Risk of Relaxed Regulations in Finance: How WhatsApp Chats Triggered Billion-Dollar Fines
- A $200 million fine in 2021 exposed off-channel communication breaches. Within two years, fines reached $1.8 billion across 16 firms.
- The SEC focused on enforcement, not tools. Retroactive penalties show delayed oversight still brings consequences.
Monday, 09/06/2025 | 09:32 GMT by
David Clee
From WhatsApp Fines to Audit Delays: How a “Single Pane of Glass” Prevents Costly Mistakes
- A “Single Pane of Glass” unites compliance, IT, and risk teams, reducing false positives and improving response times.
- Banks face billions in fines for poor digital oversight. A unified platform helps track channels, flag risks, and ensure compliance.
Monday, 28/04/2025 | 08:39 GMT by
David Clee
Latest WhatsApp Investment Scam Unveils Bots, Bogus Leaderboards, and Broken Promises
- “Txex” websites offer unrealistic returns on crypto investments, the New Zealand financial regulator has warned.
- Victims are lured through fake WhatsApp trading groups and leaderboards before being unable to withdraw funds.
Thursday, 17/04/2025 | 06:23 GMT by
Damian Chmiel
How Financial Scammers Are Sliding Into Your WhatsApp DMs
- Italian CONSOB warns of sophisticated investment scams operating through WhatsApp, impersonating major investing firms.
- The schemes target retail investors with fraudulent trading opportunities, prompting increased vigilance from authorities.
Monday, 18/11/2024 | 09:00 GMT by
Damian Chmiel
Meta's Meltdown: Facebook, Instagram, and Messenger Plunge into Global Outage
- The issue was resolved within approximately an hour, and all services are now back in operation.
- The outage's origin within Facebook's login system sparked a surge of concerned messages on social media.
Tuesday, 05/03/2024 | 16:19 GMT by
Tareq Sikder
SEC's Grewal to Pursue a Culture of Proactive Compliance
- Grewal: “Public trust in our institutions is faltering."
- He provided clear rules for companies to follow in terms of compliance.
- Grewal also outlined how companies could enhance their compliance initiatives.
Thursday, 25/01/2024 | 11:47 GMT by
Harriet Christie
INFINOX Unveils Omnichannel Support for Traders
- Real-time trading meets real-time comms.
Monday, 07/02/2022 | 08:30 GMT by
INFINOX
Wuabit to Offer a Crypto Wallet on WhatsApp
- The company will launch its public beta in April.
Tuesday, 26/03/2019 | 14:19 GMT by
Arnab Shome
WhatsApp Joins P2P Mobile Payments Race in India
- A beta version of WhatsApp's update revealed the service in India.
Monday, 12/02/2018 | 07:18 GMT by
Aziz Abdel-Qader
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