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Aussies warned to avoid crypto paper wallets they find on the street

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cointelegraph.com

Australians have been warned to stay away from suspicious-looking fake Bitcoin paper wallets, which work by luring victims into accessing a lucrative crypto wallet but will ultimately drain them of their own crypto holdings.According to a Nov.

22 post on the Facebook page of the NSW Police Force, the scam starts as a paper cryptocurrency wallet with a QR code, which is made to appear like a legitimate Bitcoin paper wallet.

These are strewn by scammers in public locations such as streets or parks. An individual that locates the paper wallet and scans the QR code is directed to click on a link to access a crypto wallet with up to $16,000 Australian dollars ($10,000).

The person is then asked to pay a withdrawal fee and provide their own wallet credentials that will purportedly allow them to transfer the balance into their own crypto wallet."Once the withdrawal fee is paid and person's crypto wallet details provided, the person's cryptocurrency is stolen from their crypto wallets,” explained the NSW police.

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