The Federal Bureau of Investigation (FBI) reported that US investors who used fake crypto apps and websites lost at least $42.7 million. .
The FBI describes several such cases. Between December 2021 and May 2022, cybercriminals swindled at least 28 people out of approximately $3.7 million into downloading apps with the name and logo of a real US financial institution. Users deposited cryptocurrencies, and when they tried to withdraw funds, they received a message that they had to pay taxes on their investments before withdrawing funds. After paying the “tax”, the victims were still unable to withdraw the funds.
From October 2021 to May 2022, cybercriminals acting under the name of YiBit1 scammed at least four people out for about $5.5 million. The scammers acted in the same way: they convinced victims to download the YiBit application and make a deposit that users could not receive back. In November 2021, cybercriminals acting under the name of Supayos, aka Supay2, deceived two people in the same way.
The FBI urged investors to be wary of offers to download cryptocurrency-related mobile apps and to check if such an app is an official tool.
In early June, the US Federal Trade Commission (FTC) published a report according to which about 46,000 people reported losing more than $1 billion in cryptocurrency due to social media fraud in 2021. The commission's report also mentions fraud schemes using "investment projects".