Crypto phishing scams on the rise in South Korea

Authorities have already blocked 32 phishing sites that targeted crypto owners in the past three months.

The rising prices of cryptos such as Bitcoin (BTC) and Ether (ETH) have caught the eyes of scammers in South Korea. With the rise in crypto-related phishing scams, authorities have strengthened their monitoring of this type of criminal operation and have closed more than 30 phishing sites in just three months.

The government of Seoul announced that it has strengthened its monitoring system due to the rising cases of phishing attempts targeting crypto users and investors in the country, Bitcoin.com reported. To prevent fraud, the government also plans to coordinate with the Korean National…

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