Bitcoin
$ 54,002
Ethereum
$ 2,458.6
Litecoin
$ 264.04
okex ads

FBI WARNS CRYPTOCURRENCY HOLDERS BEING TARGETED BY COVID-19 SCAMMERS

 The Federal Bureau of Investigations (FBI) expects a rise in the number of crypto scams related to the coronavirus pandemic.

In a April 13 press release, the FBI warned that the increase of “cryptocurrency-related fraud schemes” would only be facilitated by more people getting on board with crypto. The elderly are particularly vulnerable, but the agency is reporting people of all ages could be victimized by such scams.

“There are not only numerous virtual asset service providers online but also thousands of cryptocurrency kiosks located throughout the world which are exploited by criminals to facilitate their schemes. Many traditional financial crimes and money laundering schemes are now orchestrated via cryptocurrencies.”

In particular, the agency warned Americans to be on the lookout for blackmail attempts, work from home scams, fake COVID-19 treatments or preventative measures, and somewhat more traditional investment scams.

Among the more egregious scams the FBI mentions is an email or letter in which the author threatens to infect the victim or their family with the coronavirus unless a payment is made to a provided Bitcoin wallet address.

As reported, some online perpetrators have even attempted to steal cryptocurrency by misleading people into thinking they are sending Bitcoin donations to the World Health Organization (WHO) to fight the COVID-19 pandemic.

According to the FBI, anyone who suspects they are being targeted by a scammer should verify that such charities are legitimate and accept crypto for donations. Even if the organization is legitimate, “pressure to use a virtual currency should be considered a significant red flag.”

The FBI warning is consistent with the data published on April 10 by blockchain forensics firm Chainalysis. The firm noted while the average value of transactions received by the wallets of known scammers fell 30% during March, the number of scams involving blackmail and fake email narratives have surged.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

SaaS Company, aXpire to Disrupt Enterprise Software Development Industry
April 22, 2021By
CELEBRATION OF AN ICON AND FINTECH STAKEHOLDER 
April 22, 2021By
Orion Protocol Introduces the First Aggregator Terminal for NFTs
April 21, 2021By

Advertisement

Video Posts

In
Opportunities In Blockchain and Crypto Space
April 21, 20210
In
Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin54,002 0.77 % 2.02 % 14.02 %
Ethereum2,458.6 0.44 % 7.71 % 1.19 %
Binance Coin553.07 0.67 % 6.56 % 2.12 %
Tether0.9999 0.02 % 0.04 % 0.02 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.210 0.38 % 3.60 % 16.86 %
XRP1.300 1.38 % 6.22 % 29.13 %
Uniswap37.17 1.79 % 18.58 % 3.05 %
Litecoin264.04 0.02 % 2.20 % 5.24 %
Chainlink36.49 1.26 % 1.86 % 11.55 %