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New instances of Bitcoin fraud are again circulating the media. Again in Could, the NYPD warned the general public about Bitcoin scams, however that hasn’t stopped incidences of fraud from occurring. Within the information this week, now we have discovered of two new Bitcoin fraud instances: one entails a Pennsylvania resident, and the opposite, curiously sufficient, entails Queen Elizabeth II. Properly, sort of.
Right here’s all the pieces we all know.
Bitcoin Fraud: The Most Latest Circumstances
The primary case of Bitcoin fraud dates again to July of final yr, however it’s simply now making its rounds within the media. In line with sources, the US Commodity Futures Buying and selling Fee, in any other case generally known as the CFTC, has charged a person in Pennsylvania for a $7 million Bitcoin fraud. The CFTC’s press launch acknowledged the next:
“The grievance alleges that bitcoin was by no means delivered to the purchasers and buyer funds weren’t safeguarded as promised. This case is introduced in reference to the CFTC Division of Enforcement Digital Currencies Process Pressure.”
The second case of Bitcoin fraud occurred this month. In line with Forbes, the newest occasion concerned fraudsters posing as Queen Elizabeth II. So far as Bitcoin fraud goes, this one takes the cake for creativity. The fraudsters reportedly posed because the Queen, bodily sending letters allegedly to be from Buckingham Palace to recipients, asking for a Bitcoin donation to fund a fast Brexit.
ITPro spoke with Paul Ridden, CEO of a United Kingdom-based expertise firm, who mentioned he obtained the letter, sharing it on LinkedIn. “I feel it’s an try to be completely different,” he defined. “In a company world, one of many issues we’re at all times making an attempt to guard in opposition to is these social engineering assaults and I suppose coming in on paper, it’s maybe making an attempt to return via a door that’s not protected… As a tech agency ourselves, we’re moderately conscious of what’s happening—so, no one’s going to be sending any Bitcoin off to them.”
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Ideas?
Do you may have any ideas on the 2 most up-to-date instances of Bitcoin fraud? When one thing will increase in reputation, now we have to count on that individuals will make the most of it. The concern, nonetheless, is that instances are occurring extra regularly, and they’re turning into extra artistic in an try to look extra credible.
Featured picture: PixaBay
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