Researchers find $500M scam targeting French speakers via fake crypto websites
Fake crypto trading exchanges and other hoax financial domains have been linked to a scam estimated to have netted half a billion dollars.
Cryptocurrency news by Protos · Protos
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Show Notes
A crypto scam network stole as much as $500 million through impersonating mainstream banks and crypto companies in order to convince their victims to purchase fake stocks, NFTs and crypto.
The scam ring, named CryptoLabs, has been targeting French speakers through a network of over 300 fake domains, ranging from crypto and fintech organisations to banking and asset management industries. One victim alone lost over $1.6 million to the scam.
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