There are hundreds of banking, financial and cryptocurrency applications with which scammers steal your money, the victims are caught through social networks
Photo: Photo by Anna Tarazevich in Pexels / Pexels
Thursday, November 7
Fraudulent cryptocurrency exchange applications
. false, that appear to be legitimate portals of known banks or exchange services, with the sole purpose of deceiving the unsuspecting and steal their cryptocurrencies or real money.
This was stated by the British company Sophos, explaining that these companies established for fraud pose as well-known and reliable companies such as : Binance, Gemini, Kraken. They also have bank fronts, cases have been seen with the TD Bank .
We are in technological times and more and more people are opting for mobile systems to move accounts and money, which is why it has become easier to do fraud in this way. Each one of these applications creates individual websites and from these they impersonate the identity of legitimate companies
The logos they show are almost exact, with small imperceptible differences and that easily confuse any user, especially if they do not have much practice in this world of fintech.
Research indicates that this type of cybercriminals use as a method to gain the user’s trust through social networks. They pretend a camaraderie and then trick them with opportunities to make money.
Surely you have received messages on your social networks such as: “Hello, I was looking at your profile and I think I have a suitable business for you ”. From there, once you agree to establish the relationship and know the product, they will ask you to download applications that seem legitimate and if it is the case of fraud with cryptocurrencies, they will show you prices and you will probably dare to “invest” to try.
Scammers often establish a “friendship” with the victim and then move their conversation to a messaging application, to make it more personal. Also, with the pandemic COVID – 19 it was easier to argue that face-to-face encounters should be avoided. After gaining trust, they convinced the victim to download a cryptocurrency trading app by sending them a link.
In the case of cryptocurrency exchange apps, save your “money” . The difference here is that the assets will not go to your pocket but to the cybercriminals.
Many of the financial companies or cryptocurrency exchange platforms are already aware of the existence of these fraudulent companies and they even make warnings on their portals about “not being scammed”.
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