UK Counties Warn on Crypto Scams as Coronavirus Spreads

Multiple counties in the United Kingdom issued warnings to their residents against rising scams, asking for extortions in cryptocurrencies.
Per the Pembrokeshire, Manchester, and Norfolk counties, scammers are using the fear of Coronavirus in the people to manipulate them.
Residents in these counties are being bombarded with phishing text messages and emails with scammers impersonated as officials of the World Health Organization (WHO) as well as the Centers for Disease Control and Prevention (CDC).
They lure the victims saying that in exchange for Bitcoins, they will send the names of COVID-19 positive patients in their locality.
“Payment for a list of infected people in your area where you may be required to pay by bitcoin or asked to click on a link which delivers malware,” Pembrokeshire County Council noted.
Despite the warnings, many fall prey to these scams and lose hundreds of thousand pounds.
“COVID-19 related fraud has increased by 400% in March,” Manchester City Council stated. “Between 1 February 2020 and 18 March 2020, Action Fraud has received 105 reports from victims of COVID-19 related frauds, with losses totaling close to £970,000.”
Regulators remain vigilant
The (FCA) also warned the investors against increasing scams amid the outbreak of COVID-19.
“Watch out for scams related to coronavirus (COVID-19),” the FCA warned. “These scams take many forms and could be about insurance policies, pensions transfers or high-return investment opportunities, including investments in crypto assets.”
Such all over the world including the US Securities and Exchange Commission (SEC) and regulators in malta.
Notably, the United Kingdom is one of the worst-hit places with the pandemic. Hours earlier, the Prime Minister of the country revealed that he was tested positive for .
Earlier, Finance Magnates also reported on the asking for extortions in digital currencies.