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A Sharp Rise in Bogus Russian Crypto Exchanges – How Are Fraudsters Targeting Russians?

A “significant” rise in the number of fraudulent crypto exchanges targeting Russians and Russian-speaking crypto traders has been detected, a new report has found. Per Kommersant, experts have noted a “significant increa...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

A Sharp Rise in Bogus Russian Crypto Exchanges – How Are Fraudsters Targeting Russians?
A “significant” rise in the number of fraudulent crypto exchanges targeting Russians and Russian-speaking crypto traders has been detected, a new report has found.
Per Kommersant, experts have noted a “significant increase” in the number of “small [Russian-language] crypto exchanges, some of which turn out to be fraudulent.”...
Read More: A Sharp Rise in Bogus Russian Crypto Exchanges – How Are Fraudsters Targeting Russians?

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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