New Yorkers have been scammed out of over $2 million by fraudsters who promised remote jobs, exploiting their need for income.
New York Residents Fall Victim to Scam
Fraudsters deceived city residents by promising remote jobs and asking them to deposit a certain amount in digital assets. Victims were instructed to purchase stablecoins and transfer them to specific wallets.
New York Attorney General's Stance
Attorney General Letitia James announced a joint investigation with the Queens County District Attorney's office and the U.S. Secret Service. Her aim is to recover the stolen funds and bring the scammers to justice.
Scammers' Use of Stablecoins
Victims were asked to convert funds into USDT and USDC stablecoins on licensed exchanges like Coinbase, Crypto.com, and Gemini, then send them to unhosted wallets. The scam spanned multiple jurisdictions.
Attorney General Letitia James urged New Yorkers to be cautious of unfamiliar messages and to report suspicious offers to her office.
