The Division of Purchaser and Small business Instruction of the U.S. Federal Trade Commission (FTC) published an posting August 21 titled “How to avoid a Bitcoin blackmail scam.”
The FTC’s letter focuses on consumer defense, in what it phone calls a “new scam targeting adult males,” warning about blackmailing frauds demanding payments in Bitcoin (BTC). The brief letter states:
“Here’s how it performs. Scammers have been sending letters to adult males, demanding payments working with [B]itcoin in trade for retaining peaceful about alleged affairs. The letter also explains how to use [B]itcoin to make the payment.”
Between the “classic signs” of blackmailing, the FTC lists “threats, intimidation and large-strain tactics” and advises shoppers to “report it immediately to your community law enforcement, and the FBI.”
Cybersecurity business Kaspersky Labs just lately published a report in accordance to which cybercriminals stole more than $2.3 million by means of crypto frauds in the course of the next quarter of 2018.
Before this thirty day period the British isles law enforcement published a report stating that crypto-linked frauds have led to $2.55 million in investor losses this summer time alone