Although a large number of people have been making a lot of money with cryptocurrencies lately, there is no doubt that a significant number of people have also invested money and been cheated, and in most cases have lost their life savings, just to make a simple mistake. . .
Among the various reported cases is a 69-year-old man who, in addition to suffering from various serious health problems, also had to fight against the latest scam he was exposed to. He says he was on Facebook one day and an ad appeared on the platform.
The advertisement he saw was about cryptocurrencies and contained a celebrity that promoted this investment. And for him, this publicity completely ruined his life. As soon as he clicked, he started seeing lots of information about cryptocurrencies and earning opportunities. This undoubtedly fascinated him and he thought it was a good idea to invest some money in these cryptocurrencies because if the promotion was done by a celebrity, nothing could go wrong.
For this victim, the idea of being cheated never really existed. Until things got more serious and he lost about $ 350,000, which is his lifetime savings.
Social networking is the channel for cryptocurrency scams
As in the previous case, and in many others that we have talked about, we always experience that there is a common point, namely social networks. For many scammers, social networking has become the perfect channel to contact people from all over the world. With just a single click, they can establish contact with people from anywhere and successfully cheat them.
This is also the case for a man from Melbourne who claims to have lost $ 12,000. It all started one day when he saw an investment ad for cryptocurrency on Instagram. The ad was like any other on the platform, so he decided to click on it.
The victim claims that after clicking on the ad, he started receiving calls on his phone from various people who convinced him to invest in cryptocurrencies, and therefore decided to join Blue Royal, an apparent investment company that wanted to learn him to make money with cryptocurrencies.
To teach him that, the victim set up an account on his computer and suddenly lost control of the device. Using a remote access program, the villains took control of the victim’s computer and managed to steal all his money while staring at the screen.
The victim claims that everything happened too fast and the cursor started moving irregularly on the screen. He then realized that something was wrong and had a panic attack. He then decided to turn off the computer and disconnect from the Internet, but unfortunately it was too late.
And you might think these two cases are random, but the truth is that they are not, there is one thing in common and that is the social network. Years ago, scammers relied on transfers made using other methods, but today cryptocurrencies allow them to do so anonymously.
This is the case with a third victim who lives in Sydney. This was a slightly different situation where the victim received a call from someone claiming to be his bank. During the call, the scammer provides specific details about their account, transactions and other information that gives the victim confidence.
When the scammer had already gained the victim’s trust, he decided to ask him to transfer $ 5,000 through Binance, which was intended for investment. After the transfer, the fraudsters showed him various graphs indicating that his investment had multiplied significantly, so he decided to hand over the money.
He put in so much money that when he wanted to withdraw $ 300,000, the attitude of the scammers changed and he realized it was a scam. The victim thus lost about $ 333,000, which put him in a rather serious financial situation.
“Cryptocurrencies are a new threat”.
In the words of AFP’s Cyber Command Deputy Commissioner, cryptocurrencies are a new threat. For this device, cryptocurrencies are a money laundering tool. She claims that many criminals use these resources for various types of criminal activities and that social networks help them.
Therefore, she warns everyone to be much more aware of their use of cryptocurrencies. Before investing in this type of asset, they should be aware of the risks involved. It is therefore important to do research before investing money.
It is also not advisable to rely on people you meet on social networks, ads for cryptocurrency investments or mysterious calls from banks. If your bank called you, it is best to end the call and contact the bank’s official number to confirm that it is not a scam.
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