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Carrhae Stephen (Stephen Carr)

Person

Carrhae Stephen (Stephen Carr)
Carrhae Stephen (Stephen Carr)

2023: Loss of all savings and housing due to crypto fraudsters

At the end of January 2023, a resident of Canada lost all his savings and even housing due to crypto fraudsters due to the desire for easy profit. The remaining funds will be enough for him for only two or three months.

Stephen Carr explained that he came across intruders on the YouTube service. They promised profits to anyone who would cooperate with them. The video seemed convincing, so Stephen invested first $250, and then another $2.5 thousand. The trust in the fraudsters was strengthened by the fact that the man was able to withdraw $1,000 without any problems.

From October 2022 to January 2023, the man invested almost $500 thousand and this was all his savings. Doubts arose only when his funds allegedly rose to $1.3 million. However, Stephen Carr could not withdraw them for free: the attackers insisted on paying the liquidation commission of $150 thousand. Carr tried to recover the funds and contacted companies that said they could help with it. However, scammers were waiting for the man there.

On January 31, 2023, Stephen Carr revealed he wanted to share his story so others would be careful not to repeat his mistake. Scammers sometimes create fake cryptocurrency trading platforms or fake versions of official crypto wallets to trick unsuspecting users. The domain names of fake sites tend to be similar to the domain names of sites they try to mimic, Kara said. Their differences from legal sites are so insignificant that they are difficult to recognize.

According to Kaspersky Lab, scammers are always looking for new ways to steal users' money. Many crypto fraud schemes are quite complex and look convincing from the user's point of view. Cryptocurrency fraud can have catastrophic consequences for the victim. Cryptocurrency scammers often sell the obtained data to other cybercriminals. Thus, to prevent further damage, it is important to change the names and passwords for all accounts.[1]

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