Traders who make fraudulent etherium transactions are stealing from the hard-earned money of people who have invested in etherium, an intangible currency. These scammers are exploiting people's ignorance of the currency and threatening to reveal their personal information if they don't participate in their fraudulent schemes. They make these promises to lure in investors and then charge them hefty fees to withdraw the fake profits.
Threatening to make your personal information public
Getting pipped at the torch in the ether is not a good way to start off your newfound wealth. Having a trusted financial planner to turn to can make all the difference in the world. So, are you in the know? Or are you on your own? You may have to pay for it. Thankfully, there are more than a few sites out there to turn to. One is a financial planning firm that specializes in crypto currencies. Another is a crypto hedge fund. There are others, but they are hard to come by. If you are in the market for a crypto fund, be sure to do your homework.
Directing investors to pay additional costs to withdraw fake "profits"
Investing in digital assets is not without risk. Despite their promise of high returns and low risk, investment opportunities often contain red flags that signal fraud. The SEC and CFTC have reported cases of digital asset investment scams.
One of the most popular methods to attract potential investors is fake emails. These are designed to look like legitimate company names and headers. These emails may also contain fake celebrity endorsements.
Scammers are also known to lure investors with promises of big payouts with guaranteed returns. The promises may include high commissions and purported taxes, or they may promise to grow your money. Scammers may also claim that they are a government agency or a well-known company, such as Microsoft. The scammers may also tell you that your account is frozen or that you owe money. Then they will tell you to send a certain amount of crypto to a spiked wallet.
In a recent case, an Australian man was hacked and his cryptocurrency wallet was hijacked. His wallet contained over 1,200 bitcoins. The suspect hid the stolen bitcoin in a bank account in Canada. In the meantime, the FBI and other agencies coordinated a raid on a call centre in Bulgaria. In the raid, the FBI seized evidence from the employee's phone.