- Redditor revealed that someone from Bank of America who wanted the user to fill out a form for the cryptocurrency
- Fake BOA woman knew all the user’s credentials, including his email id, the date of birth, and even the cryptocurrencies that he has traded
- Crypto hackers have generated as much as $24 million from their illicit activities in just six months of this year
Cryptocurrency scammers are now pretending to be Bank of America (BOA) officials to cheat users. No doubt the number of growing cryptocurrency scammers has taken a toll, but individuals’ impersonation from reputed institutions should be carefully looked upon. A recent reddit post from Redditor MySonAteMyHomeWork revealed that someone from Bank of America who wanted the user to fill out a form for the cryptocurrency that he had been trading recently. According to the user that was one of the most convincing calls that he had ever experienced.
Scammer Knew all the Credentials of the Users
The woman who had called this user asked him to verify a form that would be mailed to the user. The form would determine whether he wanted to continue the process as a business representative or as an independent individual. Surprisingly, the fake BOA woman knew all the user’s credentials, including his email id, the date of birth, and even the cryptocurrencies that he has traded so far. Consequently, the user went on to verify the authenticity of the proposal. He called BOA, after which they confirmed that they weren’t promoting any such event. It is highly improbable that an institution as big as BOA would get a random user to fill out a form. At any slightest hint, the user must immediately verify its originality.
Scammers Make $24 Million in Just the First Quarter of the Year
The above is just a simple example from the ever-expanding domain of crypto scamming. Another famous instance is the Twitter hack, wherein many accounts of famous personalities were hacked, and all of them promoted a similar cryptocurrency (BTC to be precise) scam. Another instance is the famous successive 51% attacks on the Ethereum classic network. According to a post in Medium, the crypto hackers have generated as much as $24 million from their illicit activities in just six months of this year.
Better to be Safe Than Sorry
While some scams are simple where users are promoted to a single web page whereas some are fatal and may have a much dangerous outcome, countries like Canada and the US have continuously issued warnings regarding the same. The Redditor also gave a similar message that it is better to be safe than sorry.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.