Crypto Paper Wallets Scams Appear On The Streets Of Australia
A November 22 post on the NSW Police Force‘s Facebook page claims that the fraud begins with a paper cryptocurrency wallet with a QR code that is designed to seem like a genuine crypto paper wallet. Scammers scatter these in open spaces like parks or streets.
When a person finds the paper wallet and scans the QR code, a link leading to a cryptocurrency wallet with up to $16,000 Australian dollars ($10,000) is shown. The individual is then required to pay a withdrawal charge and enter the password for their cryptocurrency wallet to ostensibly move the sum there.
The person’s cryptocurrency is taken from their wallet once the withdrawal fee is paid and the person’s crypto wallet information is given.The country’s regulators are currently tightening regulations on cryptocurrencies, with ASIC recently suspending FTX Australia’s AFS license due to investor safety concerns following the collapse of FTX.
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