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Scam Alert: Fake Crypto Wallets

Scam Alert: Fake Crypto Wallets

Fake 'crypto' wallets being left in public places

Police in NSW have issued a public warning after fake cryptocurrency 'wallets' have been found scattered in streets and public parks.

The fake wallets seem to have been placed by scammers, and feature a QR code that, when scanned, promises access to free cryptocurrency, including Bitcoin.

An example of such a fake wallet found by police is below.

Key things to watch out for:

Fake paper cryptocurrency 'wallets' scattered in streets, parks and public places.

Scammers use the fake paper wallets to invite the recipient to scan a QR code to access a crypto wallet with thousands of dollars inside.

Scammers then ask the recipient to pay a small withdrawal fee, and provide details of their own crypto wallet in order to access the promised funds.

Once the withdrawal fee is paid, and the recipient's own crypto wallet details are provided, the wallet is drained.
There are many safe and reputable ways to trade cryptocurrency after thorough investigation. If it seems too good to be true, it usually is.

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