Unidentified threat actors are swindling victims out of bitcoin by tempting them with a substantial amount of tax-free cryptocurrency. The scam is more sophisticated than traditional advance fee fraud schemes, researchers say. The victims are told they can access hundreds of thousands of dollars’ worth of cryptocurrency from an already established account on the fake exchange platform. The only condition to cash out is that the victim must first deposit some bitcoin in their account before they can cash out, they say. Some of the messages related to this campaign included large-value lures, including up to $20 million.”]
Source: https://www.cuinfosecurity.com/bitcoin-scam-run-by-fake-exchange-report-says-a-17500