The warning from both the CICPC and Sunacrip is due to several scams that have occurred in the country, especially a recent one involving Binance.
Sunacrip, the Venezuelan state’s cryptocurrency watchdog, and the Intelligence Police (CICPC)
issued a warning on social networks for the general population about cryptocurrency scams.
Here you can see the warning on the police’s Instagram
“We inform the community not to be victims of scams through the patria system with false managers who only seek their own profit.
Refrain from giving your username and password for others to make their movements.
In alliance with the @sunacripve we invite all those who handle crypto-assets to make their movements through exchange houses authorized by the @sunacripve”.
The cryptocurrency regulator, Sunacrip,
and the Venezuelan intelligence police advise users to take a series of basic steps to avoid falling victim to cryptocurrency-related scams.
The intelligence police recommended that users move all their crypto assets through Sunacrip-approved
exchanges to ensure their safety when making these transactions. It also told users to manage their accounts themselves and avoid giving their passwords to third-party account managers.
The case that led to the campaign
According to media reports, this is likely the response to a major cryptocurrency scam that happened last week, when a man allegedly faked his hijinks and stole more than $1 million from his customers
According to reports from Douglas Rico, head of the CICPC, Andres Jesus Dos Santos Hernandez faked a kidnapping where his captors allegedly forced him to log into the Binance
platform and make transfers to different digital wallets, draining all of his clients’ cryptoassets.
Dos Santos is now on the run from national authorities and faces charges of money laundering and fraud.
Here’s how Rico tells it on Instagram: “SOLICITED. Wanted for Money Laundering and Fraud Andrés Jesús Dos Santos Hernández (23), who affected the economic patrimony of the victims for being a financial operator of the virtual currency Bitcoin
, for approximately the sum of one million one hundred and fifty thousand US dollars ($1,150,000), by simulating a kidnapping where his captors allegedly forced him to enter the Binance platform and make transfers to different digital wallets, exhausting all the cryptoassets in mention.”
Coincidentally, the Venezuelan authorities’ warning coincides with the one made by the U.S. Securities and Exchange Commission, SEC, which also asks cryptocurrency users to be on the lookout for those who scam with cryptocurrencies.
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