Bank of Russia reports uptick in cryptocurrency fraud in Perm Krai

Ponzi schemes in Perm Krai lure residents into cryptocurrency investments. RBC reports this, citing a statement from the Bank of Russia.

During the pandemic, most pyramids operated under the guise of various online projects. They offer investments in cryptocurrency, ‘electronic money’, tokens and other pseudo-investment projects, the Bank of Russia said.

To attract an audience, scammers use popular messaging apps and social networks. Through interactive polls, tests and economic games they collect data on potential clients. With their help, they subsequently lure victims into illegal financial schemes.

Since January 2020, the region has identified 11 illegal financial organizations, two of which operated as financial pyramids. They offered investments in ICO projects that allegedly boasted enormous prospects.

The Bank of Russia did not provide additional details about those harmed by crypto scammers.

The regulator advises against clicking on unfamiliar links or registering on platforms unless you are confident in their reliability.

Earlier ForkLog reported that drug traffickers from Kirov Oblast and Perm Krai were accused of laundering 1.2 million rubles through Bitcoin.

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full feed of news, ForkLog — the most important news and polls.