AfreecaTV BJ Falls Victim to South Korean Crypto Scammer
AfreecaTV BJ Falls Victim to South Korean Crypto Scammer
AfreecaTV BJ (broadcast jockeys) stars bear change into potentially the most fresh targets of increasingly sophisticated South Korean crypto scammers.
Asia Kyungjae reported that the Seoul Central District Court docket sentenced a “man in his thirties” to 5 years in jail for crypto-connected fraud.
AfreecaTV BJ Stung to Tune of $1.6m
AfreecaTV is South Korea’s main right-time streaming platform, and its ideal BJ stars bear change into celebrities of their own truthful.
Nonetheless, scammers bear begun attempting to profit from the platform to trap BJ stars to participate in advanced crypto fraud initiatives.
The court heard that the unnamed fraudster stole crypto and cash on “over 30 conditions” from a BJ superstar and an unnamed “businessman.”
The fraudster duped the victims by first profitable their have faith by donating the BJ “superstar balloons” worth “tens of hundreds of thousands of KRW.”
Afreeca launched its superstar balloon venture in 2017. One superstar balloon is worth round $0.08, and South Koreans can prime up balloon balances on- and offline to exhaust on the platform.
Streamers can even also exhaust “balloons” at convenience stores and other outlets.
Many main AfreecaTV BJ stars employ balloons as a most major source of profits, with followers donating all over livestreams.
The relate heard that the scammer outdated balloon donations to “win the need” of his victims.
After gaining the BJ superstar’s have faith, the fraudster then began to make employ of the platform’s Explain feature to consult with the streamers.
The fraudster targeted the livestreaming superstar after listening to them complain about a sequence of failed crypto and stock market investments.
Fraudster ‘Veteran False Crypto Pockets Data to Trick Victim’
The scammer, the court heard, “pretended to be a crypto funding educated.” They showed the stars a “Bitcoin pockets steadiness worth over 3.8 million.” The fraudster suggested the superstar:
“If you happen to speculate as I point out, I issue you returns of two to four conditions. And even in case you lose money, I will make up for it with my very own money.”
The court heard that one of many BJ stars despatched the fraudster over $7,500, “adopted by yet every other fee of $1.1 million” in November 2021.
In January 2022, the court heard, the fraudster showed the BJ screenshots that “proved” their funding became now worth nearly $21 million.
The fraudster also suggested the “anxious” broadcaster that there became no want to ache, as he owned “four houses” within the unfamiliar Gangnam District of Seoul.
Nonetheless, the BJ became suspicious when the fraudster ideal agreed to let the superstar win right of entry to $75,000 worth of their funds.
Despite the fraudster’s fearless claims, the court heard that “in level of truth,” this individual “ran a public relatives firm that became on the verge of closing down.”
The fraudster had “debts exceeding $52,600,” and had also been the usage of a identical arrangement to dupe a substitute acquaintance in a identical manner.
The presiding relate defined that the “BJ had suffered damages successfully worth the full lot of their resources.”
The relate acknowledged that the scope of the “psychological and financial hurt sustained” called for a lengthy, punitive sentence.
South Korea’s first selfmade survey satellite has transmitted photos of central Pyongyang, in a single of its earliest missions since being launched gradual last year, Yonhap reported https://t.co/8OD68ZxzM2
— Bloomberg (@substitute) March 3, 2024
Neatly suited over a year ago, a main domestic security provider warned of a upward thrust in South Korean crypto mining-connected scams.
A 2023 glance, within the period in-between, chanced on that 71% of South Korean crypto scam victims had been feminine – with the majority feeble 39 and beneath.
Source : cryptonews.com
