According to the Massachusetts government, crypto fraudsters may be exploiting Pride Month to aim at the LGBTQIA+ community,

Fraudsters and cybercriminals are increasingly seeking new methods to target victims, following a host of traps, which vary as they get unveiled. Many nations in Latin America and Europe have already been part of a campaign to warn about fake digital assets.

Now, the government of Massachusetts, United States of America, has warned about the prevalence of digital assets scams aimed at the LGBTQIA+ community. These scams would focus on social networks, dating applications, and other places used by the lesbian, gay, bisexual, trans, queers, intersex, asexual, and others.

According to the administration of that North American area, scammers may be using Pride Month to focus their malicious activities on this community. According to this situation, he highlighted a previous warning from the Federal Trade Commission (FTC). A “red flag” for such a scam would be a request for payment in digital assets.

Beware of False Friend Requests

Warning signs from the state government include being cautious about social media friend requests from new profiles or with minimal previous activity and matches on dating apps that move quickly but refuse to interact in person.

The administration also recommended not sending or transferring funds to someone the user would not know or has never met personally. Users must not share passwords or other sensitive information with anyone and must avoid clicking links or opening attachments in unsolicited emails.

Earlier this month, the Federal Trade Commission applied a study that said consumers had lost more than $1 billion in digital assets-related fraud from January 2021 through March of this year. Romance scams were among the top three fraud types, with bogus investment archetypes and corporate/government phishing scams.

How to Avoid Dealing with a Scam

Cryptocurrency transactions can’t get reversed back. If users send digital assets to a third party, they will lose the opportunity to back-pedal the operation. When users send digital assets to a blockchain address, they must be sure about the legitimacy of any involved third-party features and merchants and only send the digital assets to trusted entities.

Never Give any Entity the Remote Access to the Machine you Use

This action effectively grants the scammer full access to your machine, online financial profiles, and your whole digital life.

Users must Never give out their 2FA security codes or passwords, or they will get exposed to a malicious action against their accounts. Users must never accept outbound calls asking for data. Be aware that scammers can spoof legitimate phone numbers when doing outbound calls.

By: Jenson Nuñez


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