Another story with scammers

In the United States, authorities captured about $9M in the USDT, belonging to the organized scammers. Recently, a significant amount of scammers' funds have been confiscated, and this case has only caught my attention because it has been used, in my opinion, one of the most heinous criminal techniques.

The attackers created several dozens of sites simulating the operation of crypto-currency exchanges. Such crypto exchange attracted clients who invested significant amounts. In order to keep customers on the exchange for as long as possible and invest new and new funds, trusting, friendly and sometimes romantic relationships have been established with them. The methods of social engineering made it easy to build trust and persuade people to pay as much as possible. Well, how can you not listen to a friendly recommendation or even a request from such a nice girl or romantic man... The customers waited in vain to arrive: the intruders quickly disappeared along with all the money. In total, about 200 people were victims of this scheme. 

I have no intention of scolding unscrupulous criminals and innocent victims again. Both act within their own morals and are unlikely to accept my emotions.

Why do you think the criminals worked with cryptocurrencies instead of traditional fiat? The fact is that cryptocurrencies are still associated with the possibility of quick easy earnings and ultra-high profits. And this is bad for business. On the one hand, this attracts scummers and discredits the crypto business. Increased fraud risk automatically reduces investment attractiveness, especially for sophisticated projects that do not involve simple trading.

Business needs calm, and this is not yet. It should take time until market participants learn to work properly, first of all, assess risks. Until then, we will hear more such sad stories.

#CryptoScams #CyberCrime #CryptocurrencyFraud #MarketEducation #CryptoAwareness