1300% Increase In BitcoinAbuse Reports in April Led by Sextortion
The number of Bitcoin (BTC) extortion reports filed by the users of BitcoinAbuse.com database increased 1,300% in April, perhaps with scammers taking advantage of the quarantined population.
BitcoinAbuse.com allows anyone to report cases of criminals trying to extort Bitcoins from potential victims. Alan Reed told Cointelegraph that he founded the site as a response to the WannaCry ransomware. According to him, since the start of 2020, there have been 68,000 reports with 21,000 unique Bitcoin addresses submitted.
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