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Crypto scammers are exploiting the chaos in the Strait of Hormuz by posing as Iranian authorities and offering ships “safe passage” in exchange for payments in bitcoin or stablecoins.

According to maritime risk firm MARISKS, these fraudulent messages have been sent to stranded vessels, where genuine Iranian demands for crypto tolls have already blurred the line between legitimate and fake instructions.

At least one vessel may have been duped into believing it had secured clearance, only to come under Iranian fire, highlighting a growing cyber risk for shipping. Arstechnica reports.

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