Sunacrip, the Venezuelan cryptocurrency watchdog, and the Intelligence Police (CICPC) have warned the population about cryptocurrency scams. The institutions made a number of recommendations to prevent fraud from cryptocurrency Ponzi schemes involving the national cryptocurrency Petro (PTR) and advised users to always keep their account passwords safe. This is the government’s response to a number of crypto scams that have been going on in the country in the past few days.
Venezuelan regulators and intelligence agencies warn users
Cryptocurrency watchdog Sunacrip and Venezuelan Secret Service issued a general cybersecurity warning on social media advising users to take a number of basic steps to avoid falling victim to cryptocurrency-related scams. The information was shared through the Information Crime Department of the Secret Service’s Instagram account, where the institution stated:
We educate the community to avoid falling victim to home system scams with fake managers just looking for their own profit.
The Home System is a platform development used to source Petros (PTR), the national cryptocurrency, from the government’s internal wallet and into Sunacrip-approved exchanges that allow users to sell their Petros at market value. The secret service also suggested that users move all of their crypto assets through Sunacrip-approved exchanges to ensure their safety in these transactions.
Big crypto scams
Sunacrip also suggested that users manage their accounts themselves and not give their passwords to anyone else who manages accounts. This is likely the answer to a major cryptocurrency scam that happened last week when a man allegedly faked his kidnappings and stole more than a million dollars from his customers.
According to reports from Douglas Rico, the head of the secret service in Venezuela, Andrés Jesús Dos Santos Hernández simulated a kidnapping in which his kidnappers allegedly forced him to enter the Binance platform and make transfers to various digital wallets, thereby removing all crypto assets from his customers were consumed.
Dos Santos is now on the run from the national authorities and is charged with money laundering and fraud. Binance has become a hotbed for financial movements from Venezuelans investing in cryptocurrencies, and various individuals offer their services as financial advisors and advisors, and manage their clients’ investments and accounts. Binance’s P2P market in particular has dethroned former leading platform Localbitcoins, relegating it to second place in terms of trading volume.
What do you think of Sunacrip’s crypto scam warning? Let us know in the comments section below.
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