The US crypto community has raised alarm after repeated attempts to defraud them by unknown people impersonating a government regulatory agency.
The fraud attempts came in the form of emails from scammers impersonating the office of the US Comptroller of Currencies (OCC) asking consumers for their crypto private keys.
The OCC have warned US residents that such bogus messages are set to defraud citizens of their virtual assets. The agency has stated that they do not own any cryptocurrencies of any kind nor do they hold virtual assets on behalf of agencies and individuals.
The phony emails the scammers disseminated were poorly constructed and grammatically inaccurate.
The phony email read:
“US COMPTROLLER OF THE CURRENCY: Your fund $10.5M is ready to be paid to you.Note your fund can only be paid to you VIA a Bitcoin Wallet Address ID NO:Due to too much charges/fees been demanded by the banks and government officials befoethey can sign for the release of funds belonging to foreigners,the IMF.UNITED NATIONS and WORLD BANK have made a new policy that any debt or payment belonging to an individual above $1M should be paid through a bitcoin wallet address. You are instructed to provide with immediate effect a bitcoin wallet address id no,for your fund to be credited on the wallet for you now. Signed NAME REMOVED / Director US COMPTROLLER OF THE CURRENCYC”
In the aftermath, the OCC has warned individuals to desist from disclosing personal information in response to messages from unidentified sources, even if they bear any sort of OCC identification.
The Increasing Surge of Crypto-related Scams
Crypto scams have increased this year with fraudsters taking on various formats to prey on unsuspecting victims.
The US Federal Trade Commission (FTC) addressed the issue just after reports were made of the $2 million scam from Elon Musk Impersonators.