Cyber security company have seen an exponential increase in crypto-related scams in Russia in the first half of 2020.
The researchers identified 23,000 websites involved in cryptocurrency scams that are still online and target new victims. According to Kommersant, who cited an investigation by Kaspersky Labs, The problem is three times bigger than in the same period last year.
A common example is victims who are given the opportunity to complete surveys to receive commissions even though they first have to pay a “registration fee”.. Another fraud identified by Qrator Labs concerned websites that offered victims more than $ 275 an hour to mine cryptocurrency through their unused computing power, but never delivered payments.
The membership scheme used in fraud
The mine fraudsters also demanded a fixed payment to be ranked in a membership system. The more expensive the membership, the more the victim should win.
One of the concerns of cyber security experts is that Fraudsters offer credit card payment methods, which increases the risk that they will also steal bank details.
They recommended that credit card payers take more vigorous steps to rule out potential fraudulent transactions. and they will work closely with law enforcement agencies to uncover the identity of the fraudsters.
Fraud in the news
According to recent reports Russian prosecutors are investigating a British company that allegedly sold fraudulent tokens in connection with the Telegram blockchain project.what’s over.
On July 3rd, the U.S. authorities Russian citizen arrested on suspicion of money laundering with Bitcoin. His arrogant Instagram feed that promoted his rap career is used as evidence against him.