U.K’s Financial Conduct Authority ‘involved’ in email scam involving Bitcoin

  • 23 July 2019, Tuesday, 21:40

“With great power comes great responsibility”

The cryptocurrency market needs to abide by that as well. And, Facebook learnt this the hard way after it was found that fake Facebook accounts, pages, and groups were claiming to sell the yet-to-be released cryptocurrency, Libra, at a discounted rate.

However, Facebook wasn’t the only party “involved” in a scam. Apparently, a mail claiming to be from UK’s Financial Conduct Authority, is being sent to people across the UK, with recipients told that they are “guaranteed a chance to earn” the digital asset. These mails have the logo of the FCA and Prudential Regulations Authority too.

The title of the mail reads, “Guaranteed chance to earn” and tempts its recipients to buy the king coin by claiming that Bitcoin is something to be invested in as it is bound to reach its peak in 2020.

Towards the end of the email, there is an icon that reads “Click her”[sic], an icon that uses the distinctive maroon branding of the FCA. This was first reported by Dominic Thomas, Founder of Solomon’s Independent Financial Advisers, after he received the mail 5 times during the weekend. The email has since been flagged by the FCA. The tweet in question read,

Dear @TheFCA here is an email I have now had 5 times since Friday. Your name is now being used for a virus of some sort I assume… pic.twitter.com/w0ULRAT434

— Dominic Thomas (@solomonsifa) July 22, 2019

The FCA responded,

“Keep in mind that we would never contact members of the public asking for money or your bank account details”.

The FCA also warned people to keep an eye out for emails, phone calls or contact numbers from overseas. Emails from Hotmail or Gmail and foreign PO Box numbers are also alternative ways to find if the email is a hoax.

Source: ambcrypto.com