Alex Dovbnya <\/p>\n
The operators of cryptocurrency Ponzi schemes are not immune to falling prices, but phishing and blackmailing scams are on the rise <\/p>\n
According to a new report unveiled by blockchain sleuth Chainalysis, the revenues of cryptocurrency Ponzi schemes have cratered 33 percent since March 8(from $4.2 to roughly $2.9 mln).<\/p>\n
However, phishing, blackmailing, and email spamming scams are picking up the slack since the coronavirus pandemic represents a goldmine of new stories for fooling gullible victims.<\/p>\n
At first blush, it might seem that those who typically fall for crypto investment shams adopted a more frugal attitude towards their money, with 17 mln people filing for unemployment benefits only in the U.S.<\/p>\n
However, Chainalysis explains that the 33 percent drop in revenues has a more prosaic reason -- the crypto market crash that happened in the middle of March.<\/p>\n
The number of transfers to some well-known Ponzi schemes actually saw a significant increase last week, but scammers are profiting less from every transaction due to lower prices.<\/p>\n
Ponzi schemes and investment responsible for 95 percent of all losses, but blackmailing and phishing scams are actively chipping away at their share during the COVID-19 pandemic.<\/p>\n
Fraudsters are impersonating the WHO, the NHS, and other health organizationsto collect coronavirus donations with the help of fake e-mails.They might also threaten to infect you or your family with the novel virus.<\/p>\n
As reported by U.Today, Interpol warned about cybercriminals attacking hospitals with Bitcoin (BTC) ransomware.<\/p>\n
<\/p>\n