These incidents represent a new form of crypto fraud that has the potential to have far-reaching consequences.

Unexpected find and skepticism

Mr. W., a walker near the Karlskirche in Vienna's 1st district, discovered such a plastic bag with a paper wallet and a receipt for more than 9,000 euros. Despite the temptation, he remained skeptical - a reaction that was shaped by his IT knowledge and personal experience with the Onecoin scandal.

Deceptive appearance of genuine documents

Using stamps, holograms and elaborate printing, the fraudsters managed to make the paper wallets look deceptively real. Unwary finders who scan the QR code are directed to a website that claims to offer access to a high-balance crypto wallet.

This is where the actual fraud begins: For the alleged payment of the money, the victims are asked to pay a commission, which ultimately only benefits the fraudsters.

Searching for clues and warning signals

Crypto forensics expert Albert Quehenberger identified typical warning signs such as bad landing pages and dubious links. A check of the wallet address revealed that some people had already fallen for the scam.

Also interesting is the payment receipt for the purchase of Bitcoins at an ATM, which has no direct connection with the paper wallet and only serves as bait.

The dubious website and final crypto scam warnings

The investigation also led to the Segnite Crypto Wallet website, which, although not requesting sensitive data, still shows suspicious activity. Changing support contact addresses and the appearance of another name when creating a wallet on the site are additional red flags.

Conclusion

In view of this new wave of fraud, it is important to remain vigilant and to critically examine supposed “finds”.

Source: derStandard

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