EP 16 Exposed: How a Simple Click Cost People MILLIONS in Crypto Scams! Don't Be Next!
Cryptolog Newscast12 Syys 2023

EP 16 Exposed: How a Simple Click Cost People MILLIONS in Crypto Scams! Don't Be Next!

Today, we're going to talk about a recent phishing attack on social media that resulted in the theft of over $691,000. The attack was carried out through a malicious link that was posted on the Twitter account of Ethereum founder Vitalik Buterin. The link appeared to be a legitimate invitation to a cryptocurrency giveaway, but it actually led to a fake website that was designed to steal people's login credentials. The victims of the attack were mostly people who were interested in cryptocurrency. They were lured to the fake website by the promise of free money, and they were tricked into entering their login credentials. Once the hackers had their credentials, they were able to access their victims' cryptocurrency wallets and steal their funds. The impact of the attack was significant. The victims lost a total of over $691,000 in cryptocurrency. This is a reminder that social media users need to be very careful about clicking on links that they receive, especially if they appear to be from a legitimate source. How to protect yourself. There are a few things that you can do to protect yourself from phishing attacks: Be suspicious of any unsolicited links that you receive, even if they appear to be from a legitimate source. Don't click on links unless you are sure that they are safe. Hover over links before you click on them to see where they lead. Keep your software up to date, including your web browser and antivirus software. Use a strong password and change it regularly. Phishing attacks are a serious threat, but there are steps that you can take to protect yourself. The next story is the story is about Kuldeep Patel, a software engineer who lost over 1 crore rupees in a cryptocurrency scam. Kuldeep was a successful software engineer living in Gandhinagar, Gujarat. He was well-paid and had a good life. But he was also naive and inexperienced in the world of cryptocurrency. One day, Kuldeep met a woman named Aditi on a matrimonial site. Aditi was charming and seemed to be very successful. She told Kuldeep about her import and export business in the UK and how she had made a lot of money investing in cryptocurrency. Kuldeep was intrigued and decided to invest some money in cryptocurrency. He followed Aditi's advice and invested in a coin called Banocoin. At first, he made some profits. But then, his account was frozen. When Kuldeep tried to withdraw his money, he was told that he needed to invest more money to unlock his account. Kuldeep realized that he had been scammed and he contacted the police. The police are still investigating the case, but Kuldeep is unlikely to get his money back. This story is a cautionary tale about the dangers of cryptocurrency investing. If you're thinking about investing in cryptocurrency, be sure to do your research and only invest money that you can afford to lose. In the next story, we're going to talk about the cryptocurrency deception in Thailand. This is a story of greed, deception, and the power of the internet. It all started in 2022, when four Chinese nationals and a Lao citizen created a website called bchgloballtd.com. This website claimed to be a legitimate cryptocurrency investment platform. The website promised high returns on investments, and many people were lured in. Over 3,280 victims invested a total of 585 million baht. But the website was a scam. The perpetrators never invested the money. They just pocketed it and disappeared. The victims were devastated. They had lost their life savings, their retirement funds, and their hopes for the future. The Thai police were determined to catch the perpetrators. They worked with international law enforcement agencies, and eventually, they were able to track down the suspects. The five suspects were arrested and charged with transnational crime, public fraud, disseminating false computerized information, and money laundering. They are currently awaiting trial.

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Episode 29 - From Justice Served to Eyeballs Scanned: Navigating the Highs and Lows of Today’s Crypto Landscape

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Episode 28 - Decoding the Crypto Chaos: Billionaires, Influencers, and the Law

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