No one will be surprised to learn how the number of cryptocurrency scams is still on the rise. Especially fake projects pertaining to the coronavirus are popping up globally.
Every incident in the world will bring out criminals looking for a quick buck.
The current coronavirus crisis is no exception by any means.
It would appear that ample criminals are looking for ways to make money during this incident.
Various counties in the UK have seen a major increase in cryptocurrency extortion scams.
That in itself is interesting, but it gets worse.
Most of these scams try to play on people’s fear of the novel coronavirus.
So far, criminals have shown a favoritism toward phishing attempts by impersonating WHO and CDC officials.
Every single time, the objective is to obtain a certain amount of Bitcoin.
In fact, in exchange for Bitcoin, victims can obtain names of people in their area testing positive for the coronavirus.
Why anyone would want that information, is a bit unclear.
Another example is how users receive malware by clicking on a link in these phishing emails.
During March of 2020, COVID-19 fraud has increased by 400%,, according tot he Manchester City Council.
Rest assured that this number will continue to rise as long as the novel coronavirus lasts.
Cloud mining continues to gain massive traction as 2026 inches closer. In tough economic…
Solana Breakpoint wasn’t just another conference this year. It doubled as a stage for Jupiter…
Ripple has scored a major regulatory milestone in Europe. AMINA Bank AG, a Swiss-regulated digital…
a16z just dropped its annual report, and the message is clear: crypto isn’t slowing down.…
Ethereum has activated BPO-1, a protocol adjustment that increases blob capacity per block from 6…
CryptoBench just landed. Developed by ChainOpera AI and Princeton AI Lab, under the guidance of…