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Vandana Malik
May 2, 2020
by Vandana Malik

Crypto Scammers Asking Donations, Impersonated as Olympic Committee Members

Crypto Scammers
Online scams have also been a major concern of the whole crypto community because the crypto market is prone to such scams. Recently, it has been reported that a lot of people have been receiving scam emails, asking for donations. These crypto scammers have impersonated members of Japan’s Olympic Committee and are asking donations for the same.

Due to the coronavirus pandemic, the Olympic Games in Tokyo has been postponed. This is the reason, the scammers have chosen the Olympic Committee. It has been reported on April 30 that these crypto scammers are asking for crypto donations. They have fooled people that these donations will help the organizers of Olympic games to recover back from the economic crisis due to the postponement of the games.

Crypto scammers ensured government collecting funds to deal with losses

In all the fake emails it has been stated that the committee is dealing with the losses which is due to the expenditure made on the organisation of the games. These crypto scammers have ensured that the government is collecting funds from the people to deal with the losses.

The scammers somehow tried to blackmail the people of Japan emotionally by saying that the image of Japanese people will be damaged internationally if the funding target will not be achieved. They have also claimed that whoever will donate to the specified Bitcoin wallet will receive a 30% discount to purchase tickets for the games.

Trend Micro reveals that scam emails are coming from Japan

An investigation has been done by the Trend Micro in which it has been revealed that these scam emails are coming from Japan only. Around 400 such emails have been sent to the people of Japan from April 24 to 26.

It has also been noticed that this kind of scams related to the Olympic games is not new. Earlier, the Chinese Olympic Committee has also received a huge number of requests and complaints related to such scams. During that time, scammers have urged people to invest in various products that are related to the Olympic Games.

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    Crypto Scammers Asking Donations, Impersonated as Olympic Committee Members
    Vandana Malik
    Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

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