Sunacrip and Venezuelan Intelligence Police Issue Warning on Cryptocurrency Scams – Emerging Markets Bitcoin News

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Sunacrip, the Venezuelan crypto currency watchdog, and the Intelligent Police (CICPC) have issued a warning to the general population about crypto currency fraud. The institutions have given a series of recommendations to avoid being fooled by Ponzi’s cryptocurrency plans on the national cryptocurrency petro (PTR), advising users to always keep the passwords of their accounts secure. This is the government’s response to a series of crypto frauds that have taken place in the country in recent days.

Venezuelan Regular and Intelligent Police Warn Users

The crypto currency watchdog, Sunacrip, and the Venezuelan smart police have issued a warning on social media about general cyber security, advising users to take a series of basic steps to avoid falling victim to crypto-related frauds. The information was shared by the Instagram a report on the intelligence-related criminal division of the Intelligent Police, where the institution said:

We inform the community to avoid being victims of fraud through the home country system with fake administrators who are only looking for their own benefit.

The home country system is a platform development that serves as a way to get petros (PTR), the national cryptocurrency, from the government’s internal wallet and into Sunacrip-approved exchanges that allow users to sell their petros at market value. The smart police have also suggested that users move all of their cryptocurrencies through exchanges approved by Sunacrip to ensure their security in making these transactions.

Big Crypto Scams

Sunacrip has also suggested that users handle their accounts themselves and avoid giving their passwords to third-party account managers. This is probably the answer to a major cryptocurrency scam that occurred last week when a man allegedly faked his kidnappings and stole more than a million dollars from his customers.

According to reports of Douglas Rico, head of the spy police in Venezuela, Andrés Jesús Dos Santos Hernández simulated a kidnapping, where his captors allegedly forced him to enter the Binance platform and make transfers to different digital wallets, exhausting all the cryptocurrencies of his customers.

Dos Santos is now fleeing national authorities, and faces money laundering and fraudulent charges. Binance has become a hotbed of financial movements by Venezuelans who invest in cryptocurrencies, and various individuals offer their services as financial advisors and consultants, managing investments and accounts of their clients. Specifically, Binance’s P2P market has overthrown the previous flagship platform, Localbitcoins, removing it to second place in trading volumes.

What do you think of Sunacrip’s warning against crypto fraud? Tell us in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons



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