The coronavirus pandemic affected the lives of many people and unfortunately, more than 134,000 patients died as a result of the coronavirus. Governments announced massive stimulus packages to avert the financial crisis. Moreover, various criminal groups, as well as individuals, started to use coronavirus as a pretext to steal money. Some of them created crypto scams.
The press release of the Federal Bureau of Investigations (FBI) contains several interesting details about crypto-related crimes. Criminals are using work from home scams as well as fake COVID-19 treatments and preventive measures.
Also, the FBI uncovered a scam connected with coronavirus. A person sends an email, the author of this email threatens to infect the victim or their family member. This example shows that individuals or criminal groups are ready to use any method to steal money.
However, it is possible to identify at least some of the crypto scams. A person should verify that such charities are legitimate and accept crypto for donations. However, even if the organization really exists, people should pay attention to one interesting detail. For example, when an organization asks for donations in crypto and insists on using this method.
Crypto industry and challenges
Cryptocurrencies, as well as fiat currencies, have their advantages and disadvantages. There are certain problems connected with crypto scams and people should be aware of such cases.
The law enforcement agency expects a rise in the number of crypto scams related to coronavirus. Furthermore, as more and more people adopt crypto, there is a risk that it would become easier to create crypto schemes.
Last but not least, people should take into consideration that there are thousands of kiosks located around the world. Moreover, criminal groups are using such kiosks for their schemes. Also, many traditional financial crimes and money laundering schemes are organized via cryptocurrencies.