Security· ★★· bearish·

Guelph woman loses $140K in crypto scam that began with a wrong-number text

  • —The victim's losses are estimated at roughly $140,000
  • —The scam began with a text sent to a wrong number
  • —Fraudsters convinced the woman to put money into cryptocurrency
Why it matters: The case shows how social engineering via random texts remains an effective channel for crypto fraudsters.
Source: Google News (crypto query)