CRYPTOCURRENCY BTC scammer steals 1,400 BTCs worth $16 million

Bitcoin robbers move 3503 BTC worth $38.5 million, Twitter cyber hackers gained $100,000 worth of cryptos, SEC warns against illegal cryptocurrency operator and its products, Crypto-Criminals on a rampage, capitalizing on COVID-19 Pandemic

The recent bullish trend in the crypto industry has attracted bad actors whose motive primarily is to rob investors, crypto traders, and larger entities of their crypto-assets.

Just about an hour ago, Whale Alert, an advanced crypto tracker reported that a cyber scammer made away with a staggering amount of $16 million

“A payment of 1,400 #BTC (16,007,157 USD USD) was made to a confirmed malware scam!” Whale Alert tweeted.

READ: Is Cryptocurrency Here To Stay?

Recall that a few months ago thousands of Bitcoin investors have, over time, been defrauded of their hard-earned money around the world. The crypto fraudsters use both old and new tactics to defraud their targets in schemes based on BTC exchanged through online ledgers known as the blockchain.

READ: Bitcoin and Ethereum Could Be Ready for Another Major Upswing

However, you should remember that the use of cold wallets or a proprietary smartphone is recommended. These are specifically designed tools to keep your bitcoin from falling into the hands of hackers on the internet.

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