Police say a pair of scammers successfully tricked a JPMorgan Chase customer into handing over hundreds of thousands of dollars.

The unnamed 61 year-old female victim received a phone call from someone pretending to be an employee at Chase Bank’s fraud department, reports News12 Long Island.

Between February 27th and April 28th, the thieves convinced her to make multiple withdrawals and hand over a total of $387,000.

An investigation into the theft led to a wild police chase and the arrest of Dominique Jones and Jean Saint Fort, both of Chelsea, Massachusetts.

Police say they found a handgun inside the vehicle and discovered stolen credit cards in Jones’ possession.

Jones now faces charges of attempted grand larceny, two counts of criminal possession of a weapon, two counts of criminal possession of stolen property, resisting arrest and criminal mischief.

Meanwhile, Saint Fort faces charges of attempted grand larceny as well as two counts of criminal possession of a weapon.

The duo was formally charged on May 8th.

At time of publishing, it’s not clear whether the victim’s $387,000 lost in the scam will be recovered or refunded.

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The post JPMorgan Chase Customer Loses $387,000 in Bank Scam Sparked by a Single Phone Call: Report appeared first on The Daily Hodl.

The artificial intelligence (AI) research firm Anthropic has secured a $2.5 billion line of credit from a group of banking giants that includes JPMorgan Chase, Goldman Sachs, Morgan Stanley and Citibank.

Krishna Rao, Anthropic’s chief financial officer, announced the new loan on LinkedIn on Friday.

“This credit facility further strengthens our balance sheet and provides us with the flexibility to continue our exponential growth while maintaining our commitment to responsible AI development. The backing of these global financial institutions is a testament to the strength of our business and the resonance of our mission. We continue to be well-positioned to accelerate our research at the frontier of AI, expand our product capabilities, and deliver substantial value to our rapidly growing customer base.

Other banks participating in the five-year revolving credit facility include Barclays, Royal Bank of Canada and Mitsubishi UFJ Financial Group.

Anthropic is the developer behind the large language model Claude. In March, the firm raised $3.5 billion at a $61.5 billion post-money valuation in a Series E funding round.

Kate Jensen, Anthropic’s head of revenue, recently told CNBC that the firm has witnessed an 8x increase in the number of customers spending more than $100,000 annually compared to 2024.

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EU rules are damaging to the crypto space, but nothing can prevent Poland from leading Europe as the most favorable jurisdiction, according to Sławomir Mentzen, the Bitcoin proponent running to become the next Polish president.

Speaking to local crypto media ahead of the first round of Poland’s presidential election on Sunday, the pro-crypto candidate indicated he is still supportive of establishing a national Bitcoin reserve, which would signal to the world that Poland is a crypto-friendly place.

Poland to be EU’s Bitcoin leader if fanboy Mentzen wins

The campaign to elect Poland’s new president is in its final hours with a first round of voting scheduled for Sunday, May 18. While not the only one who has expressed positive views about cryptocurrencies in the past months, the far-right nominee, Sławomir Mentzen, has been the most vocal Bitcoin backer.

In an interview with the Bitcoin.pl crypto news portal this week, he spoke his mind on some crypto-related topics, including Europe’s new regulations, which Warsaw is yet to implement, and the establishment of a strategic cryptocurrency reserve in Poland that he pitched last year.

Mentzen accused the European Union of being “very aggressive” in taking over more and more competencies of EU nations in its push to tighten rules and close any regulatory loopholes existing in individual member states.

He warned that the EU’s new Markets in Crypto Assets (MiCA) law will be “very damaging” to both entrepreneurs in the crypto industry and consumers of their services, lashing out at Polish politicians for having the “terrible habit of agreeing to everything” proposed by Brussels.

The nationalist is convinced that the new crypto rules will weaken the Union and his country. However, Poles should “squeeze as much as we can out of these regulations” as they also allow firms to work across the bloc with a single license.

“Nothing stands in the way of Poland” to become the most attractive country for crypto businesses applying for pan-European authorization, Mentzen emphasized. Companies should be encouraged to register in Poland as they will pay taxes and hire staff, he insisted and stated:

“We could be the one-eyed king of the blind in Europe, who respects European regulations with disgust, but does it in such a way that all companies have absolutely no doubts about which EU country to choose for their headquarters.”

Bitcoin reserve to signal Poland is a friendly place for crypto firms

In November, Sławomir Mentzen took to X to promise he would turn Poland into a low-tax crypto haven if elected head of state in May. He also suggested that the country establish its own Bitcoin reserve, mirroring a campaign promise by President Donald Trump.

Poland should create a Strategic Bitcoin Reserve.

If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators.

BTC to the Moon! pic.twitter.com/izKc4spkkV

— Sławomir Mentzen (@SlawomirMentzen) November 17, 2024

Asked about his proposal now, he started with a disclaimer that despite his personal belief in Bitcoin, it remains a high-risk asset. “Therefore, I do not conclude that Poland will invest in it such large amounts that this reserve in itself would result in significant earnings,” he explained.

“The crypto market is currently too young and too unstable to play a key role in financial stability at the national level,” Mentzen elaborated.

Nevertheless, he is positive that if Warsaw creates a Bitcoin reserve, it will send a strong signal to any company wanting to operate in Europe that Poland is a friendly place for cryptocurrencies. It will be a game changer for the Polish crypto sector, he added, noting:

“Since we have the Norwegian krone in the National Bank of Poland’s strategic reserve, we should have BTC all the more.”

When they head to the ballot box on Sunday, Poles will be able to choose between at least three candidates with pro-crypto statements on record, including the frontrunner, Warsaw mayor Rafał Trzaskowski, backed by the ruling centrist Civic Coalition of Prime Minister Donald Tusk.

Sławomir Mentzen, nominated by the far-right Konfederacja alliance, ranks third in the latest polls published by Politico. He is the only major candidate explicitly mentioning cryptocurrencies in his program while promising economic freedom.

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Bitcoin is facing growing risks of a pullback as bullish momentum begins to fade near key resistance. After weeks of impressive gains, BTC is now consolidating in a tight range just below its all-time high, with buyers struggling to push the price into price discovery. This ongoing indecision has raised concerns among traders and analysts, who are closely watching for signs of either a breakout or a deeper retracement.

Crypto analyst Daan offered a broader perspective on the situation, noting that Bitcoin initially surged in response to the recent tariff-related tensions, significantly outperforming equities in the process. However, as trade uncertainty began to ease and traditional markets regained momentum, Bitcoin lost steam and failed to follow through. While stocks continued their uptrend, BTC stalled—an unusual divergence that suggests caution may be creeping back into the crypto space.

With the price now hovering around the $103K mark and key resistance near $105K remaining untouched, bulls must act decisively to reclaim control. A failure to do so could trigger a larger correction, especially if macro conditions shift or equity markets show renewed weakness. For now, all eyes are on the range — and which side breaks first.

Bitcoin Bulls Eye Breakout But Caution Grows Near Resistance

Bitcoin is just 5% away from its all-time high of around $109,000, trading near $103K as bulls attempt to reclaim momentum. After weeks of strong upward movement and consolidation above key levels, many analysts believe BTC is preparing for a decisive breakout. If price can clear the $105K resistance, it could trigger a new leg into price discovery and signal the start of a powerful bull phase.

However, selling pressure at current levels remains strong. Bitcoin has struggled to break higher, and some traders see this consolidation as a sign of potential exhaustion. Daan offered insights on the recent behavior, noting that BTC surged sharply following the tariff-related macro drama, outperforming equities in the process. Yet, as some trade uncertainty faded, stocks kept climbing while BTC stalled near resistance.

Daan considers $90K his “line in the sand” for long-term spot exposure. If Bitcoin were to drop below that mark, it would suggest a structural breakdown that hasn’t occurred during this cycle. For now, he remains cautiously bullish while BTC stays above that level, but admits the risk-reward was more attractive when BTC was 20–30% cheaper.

He also warns that if equities correct after their aggressive rallies—many stocks have surged 30–50% in a single month—it could drag Bitcoin lower in a short-term flush. With BTC showing relative weakness near resistance, the next move will be critical for confirming either continued upside or the start of a broader pullback.

Tight 4H Range Signals Imminent Price Breakout

The 4-hour chart shows Bitcoin consolidating tightly between $105,700 resistance and $100,700 support, creating a narrow range that suggests a strong move is imminent. Price has been ranging sideways for several days, with multiple failed breakout attempts above $103,600. This level continues to act as a key barrier for bulls.

Notably, Bitcoin remains above both the 200 EMA ($96,121) and the 200 SMA ($94,622), reinforcing the medium-term bullish structure. Momentum is neutral in the short term, as shown by the indecisive price action and declining volume. However, the trend remains intact as long as BTC holds above $100,000 — the psychological and technical line in the sand.

If price breaks above $103,600 with volume, it could trigger a move toward the $105,000–$109,000 range and initiate a push into price discovery. On the other hand, failure to hold this support zone could open the door for a quick flush to retest the $98,000–$96,000 area, where the moving averages align.

Traders should watch for a clear breakout or breakdown, especially as moving averages and prior highs converge. This tight setup rarely lasts long, and a decisive move could define Bitcoin’s trend for the rest of the month.

Featured image from Dall-E, chart from TradingView

One of the largest banks in the US is preparing to pay millions of dollars to settle allegations that it bombarded thousands of people with illegal robocalls.

A federal judge in North Carolina has preliminarily approved a $4.1 million class action settlement between Truist Bank and cellphone users who say they were hit with the unwanted calls, reports The Charlotte Observer.

The lawsuit against Truist was filed by a class of 5,998 people with Kevin Truong, a resident of Texas, serving as the lead plaintiff.

Truong says he received at least 35 robocalls from Truist Bank between September 14th and December 31st of 2021.

According to the complaint, Truong was neither a customer of the Charlotte, North Carolina-based bank, nor had he consented to receiving the calls.

“These calls injured Plaintiff by invading his privacy, interfering with his cellular telephone, and wasting his time.”

The suit alleges the robocalls, which originated from call centers and were intended to locate or collect payments from the bank’s customers, violated the Telephone Consumer Protection Act of 1991.

Among other things, the Act prohibits making robocalls to a “cellular telephone service” or “initiating any call to a residential telephone line using an APV [artificial or prerecorded voice] to deliver a message without the consent of the called party.”

While Truist Bank denies liability in the lawsuit, it has agreed to settle to avoid the expenses and uncertainty associated with a lengthy trial. Class members could each receive approximately $440, per the report.

As of December 31st of 2024, Truist Bank had a little over $523 billion in total assets, according to the Federal Reserve.

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