A new type of fraud that has become widespread in the summer of 2022. The scammer, under the guise of a beginner in cryptocurrency, asks for help from users.
The scammer explains that he has the wrapped currency stuck in his wallet, and the native currency is not enough to complete the transaction.
He explains the problem by the fact that he is unable to replenish his address with native currency tokens and provides SEED with the phrase (Mnemonic Phrase) of his wallet, which, as everyone knows, is strictly forbidden to share. Thus, it shows users that he is new to the field of cryptocurrencies.
Further, anyone can enter his wallet using the SEED phrase and see the amount on the balance of his address:
Our team has extensive experience in investigating all kinds of thefts of cryptoassets.
As a rule, our investigation is divided into four main stages:
Detailed interviews help us gather the right data and clues for the next stages.
**OSINT ANALYSIS OF DIGITAL FOOTPRINTS OF INTRUDERS
**The information collected about the victim’s interactions with the intruders is carefully parsed by the analysts. All valuable information (blockchain addresses, nicknames, websites, contacts, etc.) is extracted from the content of their correspondence and enriched with data from public sources.
**ANALYSING THE MOVEMENT OF STOLEN FUNDS ON THE BLOCKCHAIN
**We use our own software “EYE”, which allows us to track the flow of funds between addresses, the transfer of assets through DEX to other blockchain networks, and automatically searches hundreds of different databases for new valuable information.
**MAKING RECOMMENDATIONS FOR FURTHER ACTION
**At the end of the job, you get a detailed report with as much data on the incident as possible.
For law enforcement agencies, this report will be the basis for initiating proceedings, as well as simplify and speed up the process.
“Currently, more than 10 million Russians have cryptocurrency wallets that hold more than 10 trillion rubles worth of cryptocurrency.”
Russian Prime Minister Mikhail Mishustin.
Meanwhile, Bloomberg wrote in February that the Kremlin and the government estimate the Russian cryptocurrency market at $214 billion (16.5 trillion rubles at the exchange rate at the time). In November last year, the Central Bank estimated the annual volume of transactions by Russians with digital assets at $5 billion (about 390 billion rubles).
At the end of 2020, the Russian Ministry of Internal Affairs reported that crypto-fraud and other “acquisitive crimes where virtual currency acts as the object of crime” are increasing by 400% annually in Russia. The agency cited the unclear legal status of cryptocurrencies, difficulties in tracing them and the inability to classify cryptocurrencies as civil rights objects as the reasons.
There are some of the most common ways to lose cryptocurrency: