Coronavirus-inspired fraud generally took place by luring victims off legitimate platforms into chat rooms where payment in bitcoin can be requested, CipherTrace said. — Reuters
NEW YORK: Crypto intelligence company CipherTrace, which started tracking cryptocurrency crime a few years ago, said it has started to see coronavirus-related frauds that require some form of digital currency payment.
Losses from cryptocurrency thefts, hacks, and frauds soared to nearly US$1.4bil (RM6bil) from the beginning of the year until the end of May, a report from CipherTrace showed.
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