Categories: Cyber Security

Cryptocurrency scams are rising, and thieves are using phishing schemes.

This scammer JOSEPH LUBIN who is claiming to be seasoned “EXPERT TRADER” is using a fraudulent company known as BINARY OPTION TRADE to steal money from unsuspecting Bitcoin vendors.

ADVERTISEMENT

Through his partner NOXOLO VENTER KHATHIWE who acts as vendor’s mentor they claim to have made millions investing in cryptocurrency and promise their victims that they will make money with investments.

To get started, KHATHUWE approaches a vender and name refers him/her to the expert trader ‘MR. LUBIN’

LUBIN then requests an upfront fee, and instead of making money, he simply steal the upfront fees. He then requests personal identification information, claiming it’s for transferring or depositing funds, and thus gain access to the vendor’s cryptocurrency.

While this is happening,
the other scammer KHATHUWE uses fake celebrity endorsements. She takes real photos and impose them on fake accounts, ads or articles to make it appear as though the celebrity is promoting a large financial gain from the investment. The sources for these claims appear to be legitimate, using reputable company names such as Paxful.

More stories to follow….

Jakowiti Atwech

Managing Editor Kisasa News

Recent Posts

Kenya Power Bans Multiple Meters For Single Connection

Kenya Power has halted the provision of multiple meters for housing unit blocks owned by…

6 months ago

New Twist In Murder Case As Suspect Claims Eric Maigo Raped Her

New revelations emerged on Wednesday, September 27 into the heinous murder of Nairobi Hospital Acting…

7 months ago

How To Apply For New-Generation Registration Plates Online

The government last year introduced new-generation vehicle registration plates as part of measures to fight…

10 months ago

Ruto Announces Plan To Launch Electric Transport System To Lower Cost

This will see matat operators take up electric buses to deal with the high cost…

11 months ago

Drama As Ruto Drops PS Nominee Faith Njeri Harrison After 10 days

President William Ruto on Wednesday, May 31 made a surprising decision in dropping former Kiambu…

11 months ago

Hustler Fund: Ruto Launches Ksh 1M Loan Products for Chamas & Saccos

      President William Ruto, on Thursday, June 1, launched the Second phase of…

11 months ago