How crypto traders fall victim to scammers as $130bn sector remains unregulated amid police warning
- Russian crypto exchanges remain unregulated.
- Fraudsters pose as trading platform support staff, say police.
- Citizens spend $130 billion a year in crypto markets.
Scammers are preying on Russian crypto traders, using bogus peer-to-peer transactions and fake exchanges to help them steal money and cryptocurrencies, say police.
These fraudsters have become increasingly active on a range of messaging apps popular in Russia, the Ministry of Internal Affairs told Russian news agencyTASS.
“Victims transfer fiat currency or crypto to bank accounts and wallets, expecting to receive coins or rubles,” a ministry spokesperson said. “But instead, they…
