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These scams involve fraudulent investments where the scammer requests payment in cryptocurrency. This type of digital currency only exists in electronic form, making it harder to trace.
It is believed the fake adverts are part of a broader campaign of cyber crime by the same gang.
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had ...
A dusting attack or dust attack is an attack on a cryptocurrency wallet that sends tiny amounts of cryptocurrency (known as "dust") to that wallet in order to uncover the identity of the wallet's owner. [1] Information can then be used to obstruct receiving legitimate payments [2] or phishing scams. [1]
OneCoin logo on the door of their office building in Sofia, Bulgaria, in 2016. OneCoin is a fraudulent cryptocurrency scheme [1] [2] conducted by offshore companies OneCoin Ltd (based in Bulgaria [3] and registered in Dubai) and OneLife Network Ltd (registered in Belize), both founded by Ruja Ignatova in concert with Sebastian Greenwood. [4]
The best-known examples are online sellers where the buyer does not know the real identity or physical location of the scammer and therefore has little recourse. Payments to darknet markets are usually made in cryptocurrencies such as bitcoin or monero , where payments are irreversible and cannot be recovered through a chargeback .
Australia’s national consumer watchdog has warned that cryptocurrency trading scams have grown ‘significantly’ over a 12-month period and are now the second most-common kind of investment ...
Best practices • Don't enable the "use less secure apps" feature. • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money. • Pay attention to the types of data you're authorizing access to, especially in third-party apps.