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The Public Chamber of Russia provided an explanation for the increase in cryptocurrency fraud., 2026/04/22 10:11:32
A member of the Commission of the Public Chamber of Russia, Evgeny Masharov, attributed the rise in cryptocurrency fraud to the anticipation of legislation regulating the crypto market.
According to him, criminals are exploiting the heightened interest of citizens in cryptocurrencies, persuading them to invest quickly and warning them about a supposed limited timeframe for such opportunities.
“The Public Chamber is observing an increase in fraudulent schemes that offer investments in funds linked to the prices of Bitcoin and Ethereum. Businesspeople are presenting attractive conditions for participation in trading on the largest global cryptocurrency exchanges,” Masharov noted.
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He emphasized that scammers mislead individuals with promises of high returns and access to international investment tools.
Masharov urged users to verify the presence of a license from the Bank of Russia for companies and their registration in the official regulator’s registry.
He added that engaging with such projects often deprives investors of legal protection in Russia, which heightens the risk of total loss of invested funds.
Previously, Evgeny Masharov mentioned that prior to the implementation of mandatory biometric identification for microloan issuance, illegal lenders had become more active, offering loans in cryptocurrencies.
