The Federal Bureau of Investigation (FBI) has issued a warning about fraudulent crypto apps that have defrauded more than $42.7 million in US investors.
followadviceReleased on July 18, it states that cybercriminals have created apps with the same logo and labeled them as legitimate crypto companies to defraud investors. The FBI noted that up to 244 people were the victims of these fake apps. already
In one case, it was found that Cybercriminals have convinced victims to download an app that uses the same logo as a US financial institution. and trick them into depositing digital money into their wallets claiming to be associated with their accounts.
Then when the victim tries to withdraw money from the app. They will be asked to pay for their withdrawal. However, this is just another scam to scam more money from the victims. which in the end can not withdraw money
The FBI reports that approximately $3.7 million was scammed from 28 victims between December 2021 and May 2022.
One user recently said that he was the victim of a scam started in Whatsapp that tricked the victim into downloading a fake crypto app and loading money into the app’s wallet. A week later, the crypto app is gone.
Meanwhile, one user said they were the victim of a fake Ledger Live crypto wallet app called “Ledger Live Plus” in Microsoft’s App Store, with users claiming that the scam app had stolen money. $20,000 from him
last year A scam app masquerading as the Trezor mobile app on Apple’s App Store resulted in a user losing $600,000 in Bitcoin at the time.
The FBI has advised crypto investors to be wary of unsolicited investment app download requests. And regularly check the app (and the company) if it’s legal or not.
The post FBI warns!! Beware of Fake Crypto Apps That Defrauded US Investors Over $42.7 Million appeared first on Bitcoin Addict.