$2.8M in Bitcoin Vanishes in Police Impersonation Scam
The post $2.8M in Bitcoin Vanishes in Police Impersonation Scam appeared on BitcoinEthereumNews.com. Key Insights Scammer impersonated a senior UK officer, tricking the victim into logging a cold wallet, stealing $2.8M Bitcoin. Police say victims likely targeted from data breach, showing new wave of advanced crypto holder scams. Authorities warn impersonation fraud is rising, urging users never to access wallets via unverified links. $2.8M in Bitcoin Vanishes in Police Impersonation Scam North Wales Police confirmed that a scammer impersonating a senior UK law enforcement officer stole $2.8 million worth of Bitcoin from a victim. The funds, equal to 2.1 million British pounds, were drained in what investigators described as a “highly targeted and advanced scam.” Meanwhile, the victim was contacted by the fraudster, who claimed they had arrested someone carrying a phone with the victim’s identification documents. Police said the scammer used this story to create a sense of fear and urgency, convincing the victim that their security was compromised. The victim was then instructed to log into their cold wallet through a malicious link, which gave the scammer access to their crypto. Police Investigation Underway The North Wales Police Cyber Crime team is investigating the case and working to recover the stolen funds. The department said the scheme reflects a new wave of attacks focused on long-term crypto holders who use cold storage devices. Officers noted that the victim may have been identified through a previous data breach, allowing the scammer to prepare a personalized approach. Law enforcement agencies in the UK and abroad have reported similar cases of criminals impersonating officials to pressure victims. These scams range from simple demands for payment to elaborate staged operations involving multiple actors. The latest case demonstrates how impersonation tactics are evolving to target high-value crypto accounts. Fear and Urgency as a Tactic According to North Wales Police, the scammer told the victim that their…
The post $2.8M in Bitcoin Vanishes in Police Impersonation Scam appeared on BitcoinEthereumNews.com.
Key Insights Scammer impersonated a senior UK officer, tricking the victim into logging a cold wallet, stealing $2.8M Bitcoin. Police say victims likely targeted from data breach, showing new wave of advanced crypto holder scams. Authorities warn impersonation fraud is rising, urging users never to access wallets via unverified links. $2.8M in Bitcoin Vanishes in Police Impersonation Scam North Wales Police confirmed that a scammer impersonating a senior UK law enforcement officer stole $2.8 million worth of Bitcoin from a victim. The funds, equal to 2.1 million British pounds, were drained in what investigators described as a “highly targeted and advanced scam.” Meanwhile, the victim was contacted by the fraudster, who claimed they had arrested someone carrying a phone with the victim’s identification documents. Police said the scammer used this story to create a sense of fear and urgency, convincing the victim that their security was compromised. The victim was then instructed to log into their cold wallet through a malicious link, which gave the scammer access to their crypto. Police Investigation Underway The North Wales Police Cyber Crime team is investigating the case and working to recover the stolen funds. The department said the scheme reflects a new wave of attacks focused on long-term crypto holders who use cold storage devices. Officers noted that the victim may have been identified through a previous data breach, allowing the scammer to prepare a personalized approach. Law enforcement agencies in the UK and abroad have reported similar cases of criminals impersonating officials to pressure victims. These scams range from simple demands for payment to elaborate staged operations involving multiple actors. The latest case demonstrates how impersonation tactics are evolving to target high-value crypto accounts. Fear and Urgency as a Tactic According to North Wales Police, the scammer told the victim that their…
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