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Microsoft & Crypto.com impersonation scams cost $1M

Microsoft & Crypto.com impersonation scams cost $1M

SINGAPORE – Scammers have stolen at least $1 million here since May through ruses in which victims are told that their Microsoft or Crypto.com accounts have been compromised.

In these cases, victims are tricked by scammers pretending to be employees or police, and are then told to transfer their cryptocurrency out, or have money moved out of their bank accounts, said the police in a statement on July 2.

They added that they have received at least 30 reports of such cases since May.

For scams involving Microsoft accounts, victims are told by a pop-up computer alert that appears to be from Microsoft that their devices have been compromised.

They are then told to call a number that starts with 3 for help. When they do, a fake technical…

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