Cryptocurrency Scheme Targets Olympic Games Supporters

As a result of the Coronavirus and national lockdowns across the globe, the Tokyo Olympic Games have been postponed until 2021. This has led to a number of crypto-related schemes in which scammers are impersonating members of the Olympic Committee. 

As reported by Japanese media outlet Trend Micro, the scammers are imitating several email addresses of alleged members of the Olympic Committee to ask victims for donations for the Olympic Games. The scammers are claiming that the funds used will be used to support the Games in order to compensate for the financial damage caused by the postponement of the event. In the fraudulent emails, the scammers state that this collection is as part of a governmental initiative, suggesting that the Japanese nation will face a damage in reputation if the Olympics need to be cancelled as a result of funding concerns.

Furthermore, the scammers are offering tickets for the postponed event at a 30% discount in exchange for donations. The emails contain…