🚨 Attention in the crypto world! 🚨 According to research at the University of Texas at Austin, over 75 billion dollars have been stolen worldwide in the last 4 years (2020-2024) through a method called "skimming fraud". 😱
- Crypto addresses of more than 4000 victims were tracked
- Stolen coins were mostly converted into Tether
- Scammers trapped crypto investors with messages that appeared to have been sent by mistake
- Centralized exchanges such as Binance were used to convert stolen coins into traditional money
- This shows that cryptocurrencies are used in major fraudulent activities globally. 🌐💸