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U.S. authorities are warning the public about a rise in cryptocurrency-related scams involving fraudsters impersonating federal employees. The Cybersecurity and Infrastructure Security Agency (CISA) has highlighted these scams, which have defrauded crypto investors of $4.6 billion. In 2023 alone, impersonation scams cost victims an average of $948. Notable incidents include scammers impersonating Binance co-founder Yi He, leading to a $210,000 loss. Another investor lost $310,000 to advanced fee fraud. The need for better security in the crypto world is emphasized, with experts suggesting advanced technologies to prevent such frauds.
Don’t fall for a phone scam! CISA staff will never contact you with a request to wire money, cash, cryptocurrency, or use gift cards and will never instruct you to keep the discussion secret. https://t.co/GEjjI8nWv4 https://t.co/gVgjuZvC2k
#Crypto Investor Loses $310,000 to Advanced Fee Fraud 💥 Stay safe out there 🦺🛟👷♀️ Click below to find out more ⬇️⬇️⬇️ https://t.co/D0q8Ot7prF https://t.co/VhrtX8YJCr
🧵 The recent case of scammers impersonating Binance exec Yi He for a $210K haul has again highlighted the need for better security in the crypto world. Here's how Jurat’s technology can help prevent such incidents and fortify blockchain security👇 https://t.co/IRr8RKnEaP
