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According to a crypto media outlet report, a cryptocurrency scammer has used false documents to impersonate an official from U.S District Court and was seeking illicit immediate settlement.
The data available on vawd(dot)uscourt(dot)gov notes that a new type of scam has been unveiled in which scammers are using fake arrest warrants issued by United States District Court.
Scammers demanding jury duty in Bitcoin gift card
The filing notes, “scammers demand payment by Bitcoin, gift cards, or bank account information to resolve the issue.” With the revelation of the information about the scam, the authorities warned the public, saying, “ The United States District Courts do not issue arrest warrants for failing to appear for jury duty unless you actually have been summoned for jury duty and fail to appear.”
It is worth noting that the scammers asked the victim to opt for immediate settlement to skip jury duty and other penalties.
The cracked scam was a scam that was operated from a cell phone by a scammer for immediate payment in Bitcoin or related byproducts like Bitcoin gift cards and others.
Scammers also threaten the victims with arrest if they do not pay the amount demanded. After uncovering the scam, authorities note that those receiving such calls and documents can directly approach the court for their authenticity.
Over the past few years, scams in the name of authorities, government officials, and the crypto industry have lost $4 billion in crypto in the last year.
The FBI identified a similar incident in Texas in 2023, where actors targeted people for cryptocurrencies.
Why are cryptocurrency scams at their peak?
In the year 2024, the wider crypto industry lost $9.9 billion in all sorts of scams, frauds, and hacks in the previous year; pig butchering remains at its peak, AI-driven, and Airdrop drops.
Several primary reasons exist for the sudden spike in scams and crypto fraud cases. A primary reason is the unprecedented growth in the trading prices of crypto, especially when Bitcoin was constantly approaching $100k from $65k.
Since the beginning of this year and till the writing of this paper, the biggest hack in the market has been the Bybit hack, in which it lost more than $1.4 billion in cryptocurrencies.
On the other hand, a few other reports say that the broader crypto market has lost more than $10 billion in the last year and over $200 billion since 2009.
Crypto market price updates
Until publishing, the crypto market cap was $2.87 trillion, with a surge of 3.42% in the past 24 hours. At the same time, the fear and greed index was at 31 and is up by 3.87%, reaching $87,797.
According to the data from CoinMarketCap, the intraday gainer’s list has been ruled by SPX6900, followed by Render, Sonic, Avalanche, Four, Fartcoin, and Official Trump. On the other hand, the losers on the list are PI, Tron, Mantra, Pancakeswap, OKB, and PAX Gold.
