FBI Warns Fake Crypto Apps Are Stealing Millions

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FBI Warns Fake Crypto Apps Are Stealing Millions
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More than 200 victims have lost $42 million to apps only built to line scammers' pockets with bitcoin over the past year.

that cybercriminals have been “contacting US investors, fraudulently claiming to offer legitimate cryptocurrency investment services, and convincing investors to download fraudulent mobile apps, which the cyber criminals have used with increasing success over time to defraud the investors of their cryptocurrency.”forward: the crooks would convince a victim to download an app that used the same name and logo of an actual crypto company.

In another, similar case, hackers posed as employees of a fake company called “Supayos,” or “Supay,” which used the same name as a crypto company from Australia.28 individuals over the course of just six months by pretending to be representatives from a legitimate financial entity. The FBI didn’t offer more details.for years that fake crypto apps are a surefire way to lose a lot of money.

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