NFT News by Thebittimes.Com

Ukraine National Police have raided a criminal call center network that promised phony crypto investments to unsuspecting victims, seizing luxury cars and arresting an individual with links to a so-called ‘thief in law.’  According to a translated announcement from Ukrainian police on Monday, authorities detained 14 suspects accused of defrauding victims across Ukraine, Moldova, Kazakhstan, and the European Union.  Following 40 searches across Ukraine , authorities seized 12 luxury cars, 136 units of computer equipment, 951 SIM cards, and funds totaling $64,500. As part of the operation, scammers called victims pretending to be employees at a stock exchange and, using ‘psychological techniques,’ persuaded them to invest personal funds into crypto. They then transferred the stolen funds to criminally controlled digital wallets and bank cards.  Footage shared by Ukraine police of the raids against members of the crypto scam call centre.  Read more...

Loading fake wallet apps on search engines is why many people lose coins. According to Bitrace, Telegram often implements malicious backdoors that identify surrogate addresses and cause funds to be sent to malicious addresses. The reason is that the anonymous nature of the blockchain network makes it difficult for ordinary investors and investigators to establish a connection between an on-chain address and a real person. Thereby, they miss the opportunity to freeze losses promptly. “Investors and investigators need to consider how to perceive threats before risky activity occurs, and monitor and promptly recover losses after they occur.” Bitrace Experts note that various search engines are fertile ground for the proliferation of fake websites. Fraudsters use SEO and SEM to promote phishing links online. You might also like: How blockchain security experts investigate hacks | Interview Clipboard hijacking is another classic attack method in which malware takes contro...