Subj : These mobile games are just trying to steal your crypto hoard, FB
To   : All
From : TechnologyDaily
Date : Sun Mar 12 2023 12:15:03

These mobile games are just trying to steal your crypto hoard, FBI warns

Date:
Sun, 12 Mar 2023 12:04:23 +0000

Description:
Be careful where you invest your cryptos, as some "games" are just an 
elaborate scheme

FULL STORY
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The FBI has warned consumers about a newly-detected, fake "play-to-earn" 
mobile and online game that tricks victims into depositing cryptocurrency, 
only to later steal it. 

In a public service announcement , the FBI said the elaborate scheme sees 
scammers first contact the potential victim and try to build a relationship 
with them. 

After a little back-and-forth, the scammers would invite the victim to play 
an online or mobile game, in which players purportedly earn cryptocurrency 
rewards in exchange for some activity, such as growing crops on an animated 
farm the FBI said. Depositing cryptos 

But getting into the game isnt free - the victims must first create a 
cryptocurrency wallet and deposit some money, which is where the real scam 
begins. The fraudsters would later also tell the victims that the more funds 
they deposit, the higher the gains will be. 

However, as soon as the victim stops depositing additional funds, the 
scammers drain the wallet, never to be seen or heard from, again. Read more 

> The Web3 industry lost billions to crypto fraud last year 


 > This "Wi-Fi 7 cryptomining router" is just an elaborate scam 


 > Check out the best identity theft protection solutions right now 

In some cases, the FBI said, crooks will tell the victims that they can 
withdraw the deposited cryptocurrency, if they pay an additional fee, or 
taxes. However, all of this is just part of the scam, with the victims ending 
up losing even those extra deposits. 

Play-to-earn is an up-and-coming gaming model that is showing real promise in 
the democratization of earning through gaming. There are multiple games, all 
built on blockchain technology, that allow players to earn significant sums 
of money, often by generating valuable in-game assets, which can later be 
either sold, or leased. 

Until now, the only way to earn money through gaming was to either stream it, 
or become a professional player, both of which are major projects that 
require expensive equipment and countless hours invested in the game. Check 
out the best endpoint protection services today 

Via: BleepingComputer



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Link to news story:
https://www.techradar.com/news/these-mobile-games-are-just-trying-to-steal-you
r-crypto-hoard-fbi-warns


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