FBI issues a warning on bogus job postings for cryptocurrency
Join Our Telegram channel to stay up to date on breaking news coverage According to a recent FBI study, scammers are increasingly using bogus employment advertisements to entice victims into scam compounds in Southeast Asia where they are coerced into taking part in illegal bitcoin investment schemes. This new type of abuse is an upsetting mashup of cryptocurrency fraud and human trafficking. New types of fraud On May 22, the FBI released a warning informing both US citizens and people living or traveling abroad to be on the lookout for false job postings linked to labor trafficking. The cited article states that victims have been “held against their will, intimidated, and forced to commit international cryptocurrency investment fraud schemes.” Criminals are exploiting social media platforms and online job portals to spread false job adverts in a targeted manner, with a particular focus on people in Asia. These fake job offers include a range of vocations, in...