RATE Group | Tech Tuesday: Building a Digital Defense Against Cryptocurrency Scams | News
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Tech Tuesday: Building a Digital Defense Against Cryptocurrency Scams | News

13 May Tech Tuesday: Building a Digital Defense Against Cryptocurrency Scams | News

Posted at 00:26h in Cryptocurrency News by

Welcome to the Oregon FBI’s Tech Tuesday segment. This week: building a digital defense against cryptocurrency scams. Fraudsters are leveraging increased fear and uncertainty during the COVID-19 pandemic to steal your money and launder it through the complex cryptocurrency ecosystem. 

Developments in technology and an increasing number of businesses accepting it as payment have driven the growing popularity and accessibility of cryptocurrency. There are numerous virtual asset service providers online as well as thousands of cryptocurrency kiosks located throughout the world which criminals exploit to facilitate their schemes. 

Here are some cryptocurrency fraud schemes related to COVID-19: 

  • Blackmail Attempts. For some time, fraudsters have used extortion to try to get you to pay – sending messages claiming to know your “dirty secrets” or to have…

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