FBI Warns about Fake Cryptocurrency Support Staff


FBI Warns about fake cryptocurrency support staff, adding that the IC3 stated that consumers have submitted approximately 11,000 complaints and claimed losses of more than $15 million connected to the tech support fraud back in 2017.

30 March, AtoZForex Reportedly, the Federal Bureau of Investigation has stated this Wednesday that consumers need to be cautious in regards to the would-be scammers posing as cryptocurrency exchange support staff.

FBI Warns about Fake Cryptocurrency Support Staff

The Internet Crime Compliant Center (IC3) of FBI has warned about tech support scams in its notice that has been issued on the 28th of March. The notice stated that the trend is “a problematic and widespread scam.”

Moreover, the FBI has mentioned that the center stated that consumers have submitted approximately 11,000 complaints and claimed losses of more than $15 million connected to the tech support fraud back in 2017.

As per the official statement, cryptocurrency investors these days are becoming more of a target for fraudsters, “with individual victim losses often in the thousands of dollars.”

The agency has described the scenario of getting scammed as follows: fake support numbers are published and then found by victims that are looking for information. During the conversation, the fraudster asks the victim to send their cryptocurrency to a “temporary” wallet while the issues are being handled. However, the funds are never being returned.

Cryptocurrency Fraud Cases are Rising

The IC3 has further explained:

“The fraudulent support asks for access to the victim’s virtual currency wallet and transfers the victim’s virtual currency to another wallet for temporary holding during maintenance. The virtual currency is never returned to the victim, and the criminal ceases all communication.”

The IC3 has also explained all the details and methods of how not to get scammed by these people in the official announcement on its website.

This FBI warning is highlighting the fact of how far the scammers are willing to go in order to illicitly gain the users’ cryptocurrency. Yet, this is nothing new to the markets, as numerous fraud cases have been recorded on Google, Facebook, and Twitter platforms, which also might have caused these Internet giants to limit cryptocurrency advertisement.

Think we missed something? Let us know in the comments section below.

    Share Your Opinion, Write a Comment