FBI Warns of Fraud in Play-To-Earn Games
The Federal Bureau of Investigation has published a fraud alert regarding fake rewards in NFT Play-To-Earn games.
The online space is full of scammers looking to get rich quick by duping their victims, and the Web 3.0 space is unfortunately no exception. The US Federal Bureau of Investigation (FBI) has warned users that cyber criminals are using specially designed gaming apps to commit fraud, offering players large rewards that are seemingly commensurate with their investment.
Other scams that criminals use in connection with Play-To-Earn games include game mechanics and fake digital asset sales. The FBI has said that criminals often force their victims to create special software wallets outside of the game, purchase cryptocurrencies, then enter the game.
Since the greed of scammers knows no bounds, they then end up trying to get more money from their victims by offering to refund their money if they pay a fee.
How to avoid these scams
Once a user has been scammed, there is virtually no chance of getting their funds back, so the FBI stresses that users should be wary of unsolicited invitations to play the game, being particularly aware of those that offer rewards that are higher than other games.
The FBI has issued some tips on how to defend against these scams:
- If you are invited to a cryptocurrency game, set up a software wallet that is designed for the game. This will reduce the risk of your digital assets falling victim to crime
- If you check the balance of the wallet that you use frequently, use a third-party blockchain-based explorer to do so
- Use third-party tools to check the sites you've granted permissions to in relation to your tokens. If you have inadvertently granted any permissions, revoke them immediately
Source: www.blockchaingamer.biz
analyst opinion
Jakub Odvářka
The online space is full of scammers looking to get rich quick by duping their victims, and the Web 3.0 space is unfortunately no exception. The US Federal Bureau of Investigation (FBI) has warned users that cyber criminals are using specially designed gaming apps to commit fraud, offering players large rewards that are seemingly commensurate with their investment.
Other scams that criminals use in connection with Play-To-Earn games include game mechanics and fake digital asset sales. The FBI has said that criminals often force their victims to create special software wallets outside of the game, purchase cryptocurrencies, then enter the game.
Since the greed of scammers knows no bounds, they then end up trying to get more money from their victims by offering to refund their money if they pay a fee.
How to avoid these scams
Once a user has been scammed, there is virtually no chance of getting their funds back, so the FBI stresses that users should be wary of unsolicited invitations to play the game, being particularly aware of those that offer rewards that are higher than other games.
The FBI has issued some tips on how to defend against these scams:
- If you are invited to a cryptocurrency game, set up a software wallet that is designed for the game. This will reduce the risk of your digital assets falling victim to crime
- If you check the balance of the wallet that you use frequently, use a third-party blockchain-based explorer to do so
- Use third-party tools to check the sites you've granted permissions to in relation to your tokens. If you have inadvertently granted any permissions, revoke them immediately
Source: www.blockchaingamer.biz
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