Warning: Beware of Fake Job Ads Targeting Crypto Enthusiasts – Scammers Tricking Job Seekers into Participating in Cryptocurrency Fraud
FBI Warns of Scam Crypto Job Ad Targeting US Citizens – Beware of Fraudulent Employment Offers. Beware of Fake Crypto Job Ads Targeting US Citizens, Warns FBI – Stay Alert to Avoid Deceptive Employment Offers. On May 22, the FBI issued a warning about misleading job ads connected to labor trafficking, urging both US residents and individuals abroad to remain cautious.
Victims of the scam have been subjected to coercion, threats, and forced participation in fraudulent cryptocurrency investment schemes on a global scale, as stated in the advertisement.
NEW: The #FBI warns of false job advertisements linked to labor trafficking at Southeast Asia-based scam compounds where victims are held against their will, intimidated & forced to commit international cryptocurrency investment fraud schemes. Learn more: https://t.co/4haIGGhZiy pic.twitter.com/OceyPR3iIB
— FBI Las Vegas (@FBILasVegas) May 22, 2023
The warning also mentions that the main targets of this scam are individuals in Asia, who are enticed with various job prospects such as tech support, customer service roles, and beauty salon positions. Sadly, once these job seekers reach their destination country, they are manipulated into engaging in cryptocurrency investment schemes against their will.
Also Read This Related: The FBI seizes 9 cryptocurrency exchanges due to allegations of money laundering
The FBI is urging victims of these schemes to come forward and report the fraudulent activity using an online platform. Over the past few years, the FBI has been actively involved in investigating various cases related to cryptocurrency scams and other incidents involving cryptocurrencies. If you have been a victim, the FBI is ready to assist you and encourage you to share your experience through their online portal.
Just recently, on May 1, the FBI’s Detroit Field Office collaborated with the National Police of Ukraine to take coordinated legal action. As a result, nine virtual currency exchange services had their website domains seized and shut down. This joint effort aimed to disrupt illicit activities and ensure the safety of individuals involved in virtual currency transactions.
The seized domains were believed to be assisting cybercriminals and included websites like 24xbtc.com, 100btc.pro, pridechange.com, trust-exchange.org, and bitcoin24.exchange, among others. These domains were reportedly involved in facilitating illegal activities related to virtual currency transactions. By shutting them down, authorities aimed to disrupt the operations of cybercriminals and protect individuals from potential harm.
In their recent report, CertiK, a crypto security and auditing firm, shared a summary of crypto exploits and scams that occurred in April. The findings indicated a significant loss of $103.7 million during that month alone. Surprisingly, this amount accounted for half of the total crypto lost due to exploits and scams in the entire year of 2023. The report highlights the prevalence of fraudulent activities in the crypto space and the need for enhanced security measures to protect users and their assets.
During that period, a well-known YouTuber named DidYouKnowGaming fell victim to a persistent hack. The hack involved promoting scams related to the XRP cryptocurrency.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.