FBI warns: Watch Out For This New Crypto Scam!

Be wary of an employer who demands you send cryptocurrency to start your dream job from home. The United States Federal Bureau of Investigation (FBI) says this is likely another scam.

The FBI warned in a statement on June 4 that there was an increase in work-from-home job posting scams. Scammers will contact potential victims via an unsolicited call or text, offering a relatively simple task such as rating restaurants or clicking a button. Victims may even believe they are making money because scammers will direct victims to a fake interface to show that they are making money.

The scam involves the victim being asked to pay crypto to the scammer for more business. “As part of your job, you are directed to make crypto payments to the fraudulent individual,” the #FBI said.

Elements that may indicate fraud include job descriptions that overuse the word “optimization” and do not require references during the hiring procedure. With the rise in popularity of the work-from-home lifestyle, it is no surprise that more victims are falling into this trap.

Remote workers also have the freedom to choose where they are located. Canggu-based crypto advisor Dominic Frei said in a recent interview with Cointelegraph Magazine that he brought his wife and two young children to Bali from Switzerland in search of a more desirable lifestyle and climate.

This development comes after the #FBI released an alarming statistic regarding the amount of crypto-related fraud within the country in 2023. On March 9, Cointelegraph cited a report from the FBI stating that crypto investment losses increased from $2.57 billion in 2022 to approximately $3.94 billion in 2023, representing a 53 percent increase.
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