PRESIDENT DONALD TRUMP TARGETED BY CRYPTO TWITTER SCAMMERS

Posted 11 February, 2020

SCAM IS BASED IN RUSSIA

 

This fraud related website is registered in Russia and launched on February 8th. Fortunately, neither the Bitcoin addresses nor Ethereum, which were made available to the public, have yet received funds.

It's ridiculous to think that President Trump will have a cryptocurrency, and even more so. He is an open critic of blockchain assets, as are most elected U.S. officials. The last time Trump wrote about bitcoins in July was: 

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....

 

 

This current tweeter mimics a lawsuit spread by Elon Musk a few days ago. The fake site has a similar design and seems to have been registered by the same people. As with Donald Trump's fake website, cryptography was not sent to the addresses indicated by thieves.

 

 

CRYPTO THIEVES ARE BECOMING MORE ACTIVE

 

Cryptocurrency fraud has existed for many years and is growing in number as cryptocurrency usage increases. Scammers often pretend to be public figures by offering prizes and awards.

It is also known that scammers advertise Ponzi schemes and fictitious mutual funds that promise huge profits. Some even organized fake exchanges, air travel, and an initial coin offer (ICO), all in an attempt to convince victims to send them cryptocurrency.

It will not be easy to stop these rogue operations. While they can be from anywhere, most of them are from Russia, where the government has little interest in making thieves accountable. In addition, the unlimited and almost anonymous nature of blockchain technology greatly facilitates the management of these scams.

The most notable reason for the growth of cryptocurrencies is the simple fact that they work. Fortunately, a stream collapsed pretending to be Donald Trump; others did little for thieves.

It is important to note that Bitcoin and most other blockchain operations are decentralized and cannot be undone. So always be very careful when choosing a fundraiser. Never send cryptocurrency to individuals or groups claiming to offer free money in exchange.

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