| Subject: | FinCEN Alerts Financial Institutions to Convertible Virtual Currency Scam Involving Twitter |
|---|---|
| Date: | Fri, 17 Jul 2020 11:24:55 -0400 |
| From: | USA FINCEN REQUESTS (Sherie Cabalu) <usa.fincen.requests@egmont.org> |
| To: | |
| CC: | USA FinCEN Requests - USA <usa.fincen.requests@egmont.org> |
Dear Colleagues,
Please see the below information that we hope will be of benefit.
Kind regards,
FinCEN
e-mail:
usa.fincen.requests@egmont.org
FinCEN Alerts Financial Institutions to Convertible Virtual Currency Scam Involving Twitter
The Financial Crimes Enforcement Network (FinCEN) is emphasizing a high-profile scam exploiting Twitter accounts to solicit fraudulent payments denominated in convertible virtual currency (CVC). Cyber threat actors compromised the accounts of public figures, organizations, and financial institutions to solicit payments to CVC accounts, claiming that any CVC sent to a wallet address would be doubled and returned to the sender. It is critical that CVC exchanges and other financial institutions identify and report suspicious transactions associated with this type of activity as quickly as possible.
Read the alert here.
For other financial red flag indicators of illicit CVC activity, please see: FinCEN Advisory on Illicit Activity Involving Convertible Virtual Currency.
For additional information on reporting cyber events, including on how to file Suspicious Activity Reports, please see: FinCEN Cyber Event FAQs.