Crypto Scams Targeting Pacific Communities on the Rise, Say New Zealand Regulators
A rise in cryptocurrency and coronavirus investment scams has prompted authorities to launch an awareness campaign.
The novel Chinese scam saw perpetrators create fake crypto assets to fleece investors seeking arbitrage opportunities.
Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.
Cryptocurrency scams continue to appear on YouTube, misusing content from influential people in the space and stealing from the gullible.
Another scammer is impersonating the CoinDesk website and offering impossible investment returns. We did some digging.
The free web service, which lets users send encrypted messages that self-destruct once read, has been copied with the reported aim of redirecting users' bitcoin to criminals.