The NSW Police Force, Australia’s oldest and largest law enforcement organization, has issued a crypto wallet scam alert. NSW Facebook post warns scammers are leaving fake crypto paper wallets in public places. These paper wallets look authentic, similar to Bitcoin paper wallets with a QR code.
When you scan the QR code, the real temptation is revealed. One is asked to click on a link to access the crypto wallet with up to $16,000 Australian dollars ($10,000).
Now you have the option to withdraw funds to another account. Since the person who scans such a paper wallet wants to transfer funds to another account, he becomes an easy target.
At this stage, you are asked to provide details of the receiving wallet. Once you provide your details, you are asked to pay a 0.5% transaction fee.
“Once the withdrawal fee is paid and the person’s crypto wallet details are provided, the person’s cryptocurrency is stolen from their crypto wallets,” NSW Police explained.
Australians have already lost A$242.5 million to scammers so far in 2022, according to data from the Australian Consumer Watchdog website Scamwatch.
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