Digital Currency Scams Have Taken Advantage During The War In Ukraine.

Nowadays money has become really digital. Bitcoin and other digital currencies expedited even more the way people can send and receive money across the world. Donation options has changed as well and people can donate money nowadays using different crypto currencies.

Digital currency has come to be the most prevailing way for most people to send as its quick and relatively cheap to send. 

The most convenient part in sending crypto currency is that a sender can remain anonymous.

We all are deeply saddened by the current war in Ukraine.

Recently the Ukrainian government has issued a public statement on their Twitter account asking for donations in the form of Bitcoin, Ethereum and Tether (USDT). Such a decision attracted many scammers to get “easy money” using the current Ukrainian crisis.

The Ukrainian government published public wallet addresses on their Twitter account to let people send digital currency directly to support Ukraine in the war against Russia. So scammers are preying on the need of the Ukrainian government by making very similar post and spamming these posts to the masses. They mislead people who want to support their Ukrainian friends or relatives.

As you know once digital currency is sent it can’t be retrieved so a scammer get “easy money” without any punishment.

Scammers always take advantage of these situations and use them to their own gain. There are a lot of stories nowadays in social media showing incredible rise of crypto currency scams in relation to the current Russia – Ukraine conflict.

What you can do to avoid these scam traps:

– If you receive a money request from your relatives of friends in trouble, check this info the other way – call, text them directly.

– Be vigilant and check twice any public wallet addresses where you are planning to send your donation.

– Don’t use social media links to donate, donate directly through the website you trust.

– Keep an eye on news about modern crypto currency scam methods.

– Be wary of people who ask payment in crypto currency.