Invest in the “State Cryptocurrency” – Not!

Scammers are trying to take advantage of the ever-growing crypto trend in Russia by offering a fake “state cryptocurrency.” In their attempts to make a quick buck, these fraudsters will keep coming up with innovative ways to swindle unsuspecting citizens.

What Are They Offering?

Individuals are promised huge returns on their investments if they put their hard-earned money “into a state-backed cryptocurrency.” According to victims, the fraudsters claimed that the centralized cryptocurrency would be issued by the Russian government.

Fool’s Gold

These fraudsters make it sound so appealing that unsuspecting citizens may get entangled in this web of lies. Unfortunately, like every good scam, there is no real “state cryptocurrency.” Don’t be fooled into thinking this is a legitimate offer.

They Don’t Stop Here

Not only do the fraudsters offer a “government backed” cryptocurrency, which doesn’t exist, but they also offer crypto mining contracts. Again, these are completely fake and are only there to make the scammer quick money.

Tips To Avoid Becoming a Victim

If something seems too good to be true, then it probably is! Always do your research and make sure any offers or investments you make are backed up by actual facts.

Things to look out for:

  • Unsolicited emails or messages.

  • Promises of guaranteed returns on investments.

  • Enlistment of third-party companies to make investing easier.

  • Limited time offers.

  • Pressure to invest quickly.

Stay Safe and Don’t Be Caught Out!

At the end of the day, it’s always best to be safe than sorry. Take some time to do your own research and realize that no “state cryptocurrency” exists.

So if you’re ever approached with this bogus offer, don’t believe it and instead report it to the authorities. You won’t regret it Let’s all make sure these fraudsters don’t get away with it!