Home » Beware of Emails That Offer Crypto Deposits to Electronic Wallets

Beware of Emails That Offer Crypto Deposits to Electronic Wallets


While the Internet has revolutionized the way we communicate and serves to make money and have fun making money too, it has not escaped online scammers, whose ingenuity to steal information and money from unsuspecting Internet users is proverbial.

That is precisely what is currently happening with online scammers who, through very well prepared emails, look for ways to cheat us. With the technological advances of recent years, these online scammers have become more sophisticated.

The warning about this modality of global Bitcoin scam through email was received by the LCB Network from Extreme Casino.

Extreme Casino reported that

“there has been an email circulating, asking that a certain amount of cryptocurrency be deposited in a designated electronic wallet.”

In order to protect the players Extreme Casino issued its alerts by mail warning that they have never

“asked any of their players to make the payment to a specific email encryption address, nor will we ever do so in the future.”

The online casino noted that its customers

“are also aware of the steps necessary to make payments, as they are clearly established on our website.”


It is not yet known how serious this threat of fraud could be, nor have more details been obtained related to this dangerous form of cybercrime. However, if you receive a similar data request by mail, it is best to discard it.

It is striking that cryptocurrencies are now being involved in cyber-fraud. Although fraud with Bitcoin has been increasing. Last year the Federal Trade Commission (FTC) of the United States issued a statement on the subject.

The Business Insider site states that during 2019 “cybercriminals were able to divert $ 4.26 billion of users and cryptocurrency exchanges.”

It is an alarming figure when compared, for example, with the $ 6.34 billion generated by all interactive gambling last year in North America, according to data provided by H2 Gambling Capital.

It means that online scammers managed to eliminate 67% of all turnover of the iGaming industry in Canada and the United States.
Online frauds and scams

The most common online scam and fraud modalities include:

– Identity fraud.
– Classic phishing. To obtain personal data of the victim (name, password, etc.).
– Fake ICO (Initial coin offers). It is a mechanism similar to the IPO, through which certain investments or speculative businesses in cryptocurrencies can be financed.
– Fraudulent wallets. This is the fake crypto wallets.
– Pyramid schemes (Ponzi type).
– Fake emails. It is one of the most used methods to steal online.
– Unregulated online operators seeking to attract customers by offering attractive prices, fast returns and request high commissions on withdrawals.
– Automated trading systems and night exchanges that carry out shady encryption agents.
– Pump & Dump. It is a form of scam in which fraudulent actions are capitalized by artificially inflating and manipulating the price of a stock bought at a low price.
– Blackmail online with threats to reveal sensitive information about the victim and require payment in cryptocurrency to keep the secret.
– BEC Scammers or email engagement fraud in which people are asked to send money to thieves.

Electronic fraud: a worldwide problem

So the warning issued by Extreme Casino indicates that it could be online scammers who are using various fraud methods. That is, fake emails, fraudulent electronic wallets and potential phishing.

How many people can be manipulated under the blackmail of revealing secret information about them? For example, an infidelity, your sexual condition, etc. The scammers study their victims very well until they determine their weak side.

A professional player is probably not likely to be a victim of an online scammer, but instead a compulsive player is. These people try to keep their particular way of playing in secret what can be exploited by a scammer.

Electronic fraud represents a real problem throughout the world. On September 2019, the U.S. Department of Justice reported the arrest of 281 people for this crime in the United States, France, Nigeria, Italy, Ghana, Turkey, Japan, the United Kingdom, Malaysia and Kenya.

250,000 cases of identity theft

The fight against BEC online scammers in the US involved the Department of Homeland Security, the Department of Justice and the Department of the Treasury, as well as the Postal Inspection Services.

Online identity theft reached 250 thousand cases and financial losses during 2018 are estimated at $ 1.3 billion.
We must be very careful with the offers we receive by email and act in a moderate and balanced way against those fabulous businesses that promise millions with just one click.

Extreme Casino’s warning may be the tip of a gigantic iceberg that might be about to emerge. So keep your eyes open!

Source: https://lcb.org/news/editorials/alleged-scam-on-the-horizon-be-aware-of-e-mails-offering-crypto-deposits-to-e-wallets-sordid-side-of-the-internet

About the author

Santiago Contreras

Santiago Contreras

I am a professional journalist dedicated to tracking news related to the stock market, business, finance, blockchain and economics. It is a hobby that I share with sports in general, with special attention to tennis, basketball and soccer. I like to offer our readers relevant, entertaining and useful content to help them inform themselves and make decisions every day. Thanks for reading me!

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