Crypto Fraudsters Preying on Japanese Social Media and Chat App Users
Source: Smolaw11/Adobe Crypto-related crime continues to rise in Japan – where a media outlet has recounted how two men in their thirties were stung by chat app-based crypto fraudsters running a bogus crypto exchange. According to the newspaper Yomiuri, 24 cases of crypto-related fraud where the perpetrators made use of social media and chat apps have been reported in Fukuoka Prefecture thus far in 2022. The cumulative total of money lost in social media -powered fraud cases in the region has hit the $2 million mark, police explained . The media outlet interviewed two men who said they were duped by “investors” on an investment-themed Telegram channel earlier this year. The first man, named “A” by the media outlet in order to preserve his anonymity, explained that an individual from the chat asked for his Line ID in order to continue a conversation in private. He was later approached on Line by a woman calling herself “Angie Lee...