A New Trend In Crypto Scam – Posing As Police To Steal Millions
Criminals in Australia are impersonating legislation enforcement officers and utilizing solid cybercrime stories to rip-off folks into believing their private knowledge has been compromised.
Then, hackers stress victims into transferring their crypto to scam-controlled wallets, draining their funds.
Scammers Exploit Fake Police Reports
Australian authorities have issued a warning after uncovering a rip-off by which cybercriminals impersonate federal police to steal cryptocurrency.
The AFP-led cybercrime coordination middle has detected a sequence of schemes by which scammers obtain personal information and use it to lodge faux cybercrime stories by way of the federal government’s ReportCyber portal.
Scammers then reportedly name victims and declare their knowledge appeared in a cryptocurrency-related breach. The scammers share a real-looking reference quantity and direct victims to examine it on-line. The report seems within the system, which makes the decision appear reputable.
A second caller, pretending to be from the sufferer’s crypto platform, urges them to maneuver their belongings right into a supposed cold storage wallet.
Officials emphasised that real legislation enforcement officers won’t ever request entry to cryptocurrency accounts, seed phrases, or banking details.
This case highlights a rising downside, as scammers are more and more utilizing social engineering and spoofed telephone numbers to deceive victims.
Social Engineering Threats Continue Growing
The Australian rip-off emerges amid a transparent global escalation in social engineering attacks concentrating on cryptocurrency holders.
In August 2025, a sufferer lost $91 million worth of Bitcoin after scammers impersonated assist workers from Coinbase and main crypto companies, marking one of many largest single thefts of its form.
Earlier, in the United Kingdom, a fraudster posing as a senior police officer deceived one other sufferer. The consumer misplaced $2.8 million in Bitcoin by way of a faux cold-storage web site.
In May, a worldwide phishing network impersonating Coinbase stole over $20 million by directing customers to spoofed assist websites.
Collectively, these instances exhibit the rising scale and class of social engineering assaults within the cryptocurrency sector.
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