https://t. co/UWIOBGxux3 #InvestSmart pic. twitter. com/jndnkP8IAE— Financial Conduct Authority (@TheFCA) June 24, 2022They are then contacted by phone, email or social media, and offered high returns with “little or no risk”.
Fraudsters often use high-pressure sales tactics. They are told to download specialist software to support them opening cryptocurrency accounts.
The software is remote access software, giving the fraudster full access to the customer’s computer. The customer opens cryptocurrency accounts and deposits money in them.
The fraudster then freezes access, and takes over the customer’s account, leaving the victim unable to access their money. Santander said anyone who has been the victim of a crypto scam should report it to their bank immediately.
Read more on msn.com
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