4 Ukrainians aged round 20-26 years have been arrested for operating six pretend cryptocurrency change platforms. The Ukrainian Police made the arrests on 21st June. The suspects have been luring folks and deceiving them into shopping for cryptocurrencies from on-line digital foreign money change firms that displayed pretend scores and critiques on their web sites.
In response to the police, the culprits had been proficient in programming and have developed their very own content material administration system for managing their pretend change websites. No less than six rip-off web sites had been tracked by the police for which the domains are not reside. These web sites included:
In the course of the raid, the police had been in a position to pay money for many worthwhile property on the suspects’ home. The proof found included heavy computer systems, flash drives, smartphones, and different digital gadgets. The police suspect that there may be extra such rip-off web sites and have launched additional investigations to hunt comparable cybercriminals.
This isn’t the primary incident in Ukraine that includes a cryptocurrency rip-off. Earlier this year, one other Ukrainian group scored $50 million through the use of Google advertisements to drive visitors to phishing websites. Their internet hosting server was immediately shut down by Cisco Talos, a cybersecurity firm.
Because the crypto know-how advances, increasingly more hackers are discovering methods to rip-off customers. Faux buying and selling firms and lawbreakers are additionally being arrested on a month-to-month foundation. It’s suggested to traders to take a position their cash in famend firms solely and in addition carry out a background verify earlier than doing so.
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