Crypto Frauds Target Ukrainian Donations

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Crypto Frauds Target Ukrainian Donations
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Cryptocurrency frauds are trying to take advantage of an outpouring of support for Ukraine

Some schemes launched in wake of Russian invasion try to trick donors into sending crypto to fraudsters, research firm says.

A number of schemes launched in the wake of Russia’s invasion have tried to trick donors into sending crypto to fraudsters, research firm Elliptic said. The largest is a scam cryptocurrency whose value has risen to about $50 million, the firm said, even after it was exposed as a fake.

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