UK authorities are attempting to recover £2.1 million ($2.8 million) in Bitcoin stolen through a sophisticated scam involving impersonation of a senior police officer. The North Wales Police Cyber Crime team is probing the incident, which underscores a troubling trend targeting long-term cryptocurrency holders using cold storage. The victim may have been identified through a data breach, making this a highly targeted scam. Scammers often pose as law enforcement to manipulate victims, employing tactics that create fear and urgency. In this case, the scammer contacted the victim, claiming to have arrested someone with their identification documents, urging them to secure their assets by accessing their crypto wallet via a fraudulent link. Once the victim complied, the scammers gained control and withdrew the funds. Authorities emphasize that police will never unexpectedly call about crypto assets or request action on cold storage devices. They advise individuals to verify any suspicious calls directly with law enforcement. Read more AI-generated news on: https://app.chaingpt.org/news

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