A recent bitcoin phishing scam involves a letter from the private secretary to Queen Elizabeth II. These scammers are using the ‘snail mail’ method which is not commonly used. The scammers are pretending to be Edward Young and sending fake letters from the Buckingham Palace in the form of phishing emails to people which mentions that the queen needs to save the economy of Britain and needs you to lend any amount between 450,000 Euros to 2,000,000 Euros the royal house to help out sustain the economy of the United Kingdom after Brexit.
30% interest for the fools:
The letter also says that the lenders will be entering into a contract with the queen and will be paid 30% interest on the principal amount that they lend for three months. The letter also says that the lenders will also get a chance to join the Royal Warrant Holders Association which contains the companies that supply services and goods to the crown.
The phishing email requests the lenders to make the payments in bitcoin to the following BTC address: ‘1sycBKECFgPBD3EiaTCcD2VCeobr8DrpD’, after which they will receive the contract form the royal house. However, no one has fallen for the phishing scam yet as no transaction has happened on the address yet.
The scam was first brought to notice by Paul Ridden, the CEO of a technology management company who posted the letter through his LinkedIn account.
We request you to beware of such scams which are continuously rising in the crypto space and keep your assets safe.