Polish Financial Watchdog Impersonated by Crypto Scammers

[Goodcat49]

The PFSA warns scammers are asking people to send cryptos to verify a transaction’s legality before depositing them in a fake investment fund.

The Polish Financial Supervision Authority, or PFSA, issued a warning on the surge of scammers offering fake crypto investment opportunities, which they claim to be the only authorized investment fund in Poland.

The scammers call potential victims by asking them to sell or buy cryptocurrencies through the fake fund, but first, they should send the cryptos to the PFSA compliance team’s wallet to verify the legality of the transactions and then, the regulator clears the payment to be deposited in the unexistent fund.

https://cointelegraph.com/news/polish-financial-watchdog-impersonated-by-crypto-scammers

[TomPluz]

Many scammers are using this very same strategy in Telegram groups though of course I had been aware of this whole thing even as early as 2017. I am even surprised that in 2020 some can still be victimized by this method though we could not blame many of the victims because maybe most of them are just new to this scam-filled cryptocurrency industry.