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BitcoinAbuse Sex Twist Reports Increased 1,300% in April

May 21, 2020

The number of Bitcoin (BTC) extortion suits filed by users of the BitcoinAbuse.com database increased 1,300% in AprilMaybe because many fraudsters took advantage of the quarantined population.

BitcoinAbuse.com allows anyone to report cases of criminals trying to blackmail with Bitcoin. Alan Reed said Cointelegraph who founded the website in response to the WannaCry ransomware. According to him, since early 2020, There were 68,000 complaints with 21,000 unique addresses Bitcoin sent.

BitcoinAbuse Sex Twist Reports Increased 1,300% in April
BitcoinAbuse Sex Twist Reports Increased 1,300% in April

Number of complaints per month. Source: BitcoinAbuse.com

Fraudsters use the quarantine

48,370 reports were submitted in April and 3,684 reports in March. Much of this excess was caused by the increase in cases of sexual extortion, commonly known as “Sex torsionReed told Cointelegraph that fraudsters They may be trying to take advantage of people in quarantine in their homes:

“There is no particular reason I know it. They may be trying to take advantage of people trapped at home during quarantine, or trying to make extra money during this block.”

The strange use of old accounts

reed I don’t think these facts are related to the recent hacksBecause the scammers’ emails are old.

“The passwords used are very old. […] So I suspect that these scams are using very old accounts or may find free old data sources completely on the Darknet. I don’t think they pay for those old bills. “

Number of complaints per month and according to Art. Source: Cointelegraph, BitcoinAbuse.com

No Coinbase cooperation

reed contacted the exchanges and asked them to use their database to prevent users from sending bitcoins to the addresses of known fraudsters, But it was in vain:

“We contacted Coinbase and a few other exchanges to ask them to do so. And the only answer I got came from Coinbase and said: We’ll look at it. Let’s think about it.” And there is none Confirmation or evidence that they are actually doing so. “”

Never send bitcoins to blackmailers

In the meantime, scammers keep coming up with new ways to bring BTC to the crypto community. As Cointelegraph previously reported, this was the last tactic it appears to be delivering speeches from well-known public figures on YouTube so it looks like they’re giving Bitcoin.

Number of complaints in the past 30 days. Source: BitcoinAbuse.com

Reed’s advice to someone who receives one of these blackmail emails is First, check your Bitcoin address on the website. Secondly, never pay– They are just scammers looking for naive victims.