Twitter user tracking and analyzing the main cryptocurrency blockchain, Whale Alert, He revealedthat fraudsters have stolen Bitcoins (BTCs) worth over $ 38 million over the past four years.
Whale Alert: on the trail of BTC and scams
Whale Alert to “World’s largest provider of blockchain tracking and analysis”. His recent web survey is based on data from the Scam Alert website. As part of it, dozens of different types of fraud were examined. Some of them include giving out “gifts”, fake cryptocurrency exchanges, dishonest ICOs, services for recovering missing Bitcoins, “Video fraud” and malware.
So we find out that in 2017, fraudsters stole BTC about USD 5 million in cryptocurrency from investors. In the first quarter of 2020 this amount amounted to USD 24 million, which was five times higher than three years ago. And the year is still going on! The Whale Alert study also predicts that by the end of the year this figure could rise by up to $ 50 million.
Elon Musk – a favorite of cheaters
Whale Alert also conducted a case study of many well-known incidents in the scam space. One of the most popular – in which scammers impersonated Elon Musk – allowed criminals to earn over USD 130,000 in one day!
Fake exchanges are also very popular. One such site has so far earned over $ 1.5 million in 2020 alone. According to the report, this particular page (its name was not given) remains active.
Whale Alert commented on this as follows:
“Changing the method and increasing quality and scale [procederu] suggests that [dziś] entire professional teams are behind some of the most successful [scamów] and it’s just a matter of time before they start using deepfakes, a technique that will definitely revolutionize the fraud market. “
We also know that fraudsters’ websites are also created to steal the personal information of many people around the world.
To date, OneCoin remains the largest financial pyramid on the cryptocurrency market. Interestingly, although the project itself actually collapsed, it has still not been possible to arrest Ruja Ignatova, who was at the forefront of the initiative.