FBI says fake crypto apps defrauded investors of more than $42 million
- Fraudulent crypto apps have scammed investors out of more than $42.7 million since October 2021.
Cybercriminals are capitalizing on the growing interest in crypto investing by using the names and logos of legitimate companies to attract investors.
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The FBI is warning financial institutions and investors about cyber criminals creating fraudulent
cryptocurrency investment applications (apps) to defraud cryptocurrency investors. The FBI has
observed cyber criminals contacting US investors, fraudulently claiming to offer legitimate
cryptocurrency investment services, and convincing investors to download fraudulent mobile
apps, which the cyber criminals have used with increasing success over time to defraud the
investors of their cryptocurrency. The FBI has identified 244 victims and estimates the
approximate loss associated with this activity to be $42.7 million. The FBI encourages financial
institutions and their customers who suspect they have been defrauded through fake
cryptocurrency investment apps to contact the FBI via the Internet Crime Complaint Center or
their local FBI field office.
cryptocurrency investment applications (apps) to defraud cryptocurrency investors. The FBI has
observed cyber criminals contacting US investors, fraudulently claiming to offer legitimate
cryptocurrency investment services, and convincing investors to download fraudulent mobile
apps, which the cyber criminals have used with increasing success over time to defraud the
investors of their cryptocurrency. The FBI has identified 244 victims and estimates the
approximate loss associated with this activity to be $42.7 million. The FBI encourages financial
institutions and their customers who suspect they have been defrauded through fake
cryptocurrency investment apps to contact the FBI via the Internet Crime Complaint Center or
their local FBI field office.
Link to IC3 FBI Advisory.
[url=https://walletscrutiny.com]https://walletscrutiny.com has thus far, assessed 35 apps in the Google Play Store to be Fake.