Where is the fight against fraud and artificial intelligence monitoring, and where are the cameras to identify people, and where is the fingerprint and facial recognition? This is a shortcoming and assistance to fraud and deception.

💥 Victim Loses 91 Million Dollars in Bitcoin in Social Engineering Scam
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In the latest incidents of cryptocurrency fraud, an investor lost an amount of 91 million US dollars after falling victim to a social engineering scheme executed by a scammer posing as a support agent for a hardware wallet.

According to a report by ZachXBT, the scammer exploited the victim's trust and convinced them to hand over their digital wallet credentials, leading to the complete withdrawal of their funds.

⚠️ What is Social Engineering?

Social engineering is a deception technique used by scammers to persuade individuals to reveal sensitive information, such as passwords or digital wallet data, often through phone calls, emails, or fake messages.

🛡️ Tips to Avoid This Type of Scam:

🔹 Do not share your digital wallet information with anyone, even if they claim to be official support.
🔹 Always verify official websites before entering any sensitive information.
🔹 Use two-factor authentication (2FA) to secure your accounts and digital wallets.
🔹 Be cautious of any messages or calls requesting you to make transfers or share information.
🔹 Ensure to store an encrypted backup of your private keys away from the internet.

This incident reminds us that digital security is not an option but a necessity in the world of cryptocurrencies, where a simple mistake can cost you millions of dollars.