An increasing number of financial and crypto pyramids targeting Russian investors have been opening physical offices in the country. The Central Bank of Russia has recently expressed concern over the trend which is seen as an indication that the fraudsters expect growing demand.
Russian Crypto Scams Launch Offices to Lure More Investors In-person, Bank of Russia Says
Financial pyramids and illegal forex dealers in Russia, many of which now specialize in offering crypto investment and settlement opportunities, are moving offline, the daily Izvestia reported quoting the Central Bank of the Russian Federation (CBR).
For the first time in recent years, the organizers of such scams are opening offices where they try to convince potential victims to invest in virtual money or suggest services to bypass foreign sanctions and government restrictions. In-person contact is always more effective for that purpose, experts say.
They also warn that sharing information with dubious platforms often...
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