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Tag Archives: cryptocurrency scams

Cryptocurrency Involved in Nearly Half of All Financial Scams in Russia

Cryptocurrency, with its promise of decentralization and financial liberation, has captured the imagination of investors worldwide. However, where there’s money to be made, there are also opportunistic scammers waiting to pounce. In Russia, a country with a burgeoning crypto market, financial fraud using cryptocurrency has become increasingly prevalent, encompassing illegal lenders, financial pyramid schemes, and […]

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Crypto: The Russian Fraudsters’ Currency of Choice

Crypto currency, such as Bitcoin, has given investors a new way to avoid the devaluations of fiat paper money, and the inflation risks that go along with it.  In addition, Crypto has attracted many for other reasons as well.  Crypto payments have become the preferred method for online scammers and criminals, and there is a […]

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Russian Online Criminal Organizations Grow with Cryptocurrency

As new computer technologies continue to change the way we engage each other and experience the world, so too criminals use these new technologies to serve their own malicious purposes. Russian private investigators estimate that the existence of this kind of currency has facilitated the growth of many online criminal organizations throughout the country. Cryptocurrencies […]

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