If you are a resident of the U.S. or Canada and a customer of Best Buy, you may have heard of their tech support service called Geek Squad. They’re a team of experts who can help you with various issues related to your devices, accounts, or applications. However, scammers are also aware of this service and use it to trick unsuspecting people into giving them money or personal information. Visit our website to find out how to protect yourself from this scam.
Cryptocurrency mixers, also known as tumblers, allow scammers to cover up the origin and destination of stolen digital assets by pooling them with other users’ funds and sending them to new addresses. In this new Industry Insight, Michael B. Cohen, MyChargeBack’s Vice President of Global Operations, explains why this is critical to crypto scam victims.
Aided by powerful new technologies that facilitate the tracing of cryptocurrency transactions across the blockchain, law enforcement agencies and courts worldwide have been able to increase their vigilance in pursuing crypto scammers year-by-year. As a result, billions of dollars in stolen cryptocurrency have been retrieved from scammers and made available to victims who would otherwise have lost it forever. And most importantly for the retail investor, the beneficiaries are not just large corporations. They also include ordinary citizens, both in the United States and abroad. MyChargeBack cites examples and statistics in this authoritative White Paper.