ADVERTISEMENT

MNB warns against Facebook cryptocurrency scammers

Retail

pixabay

The National Bank of Hungary (MNB) has issued a warning against scammers offering “pre-sales” of Facebook’s planned cryptocurrency Libra, says penzcentrum.hu. 

Image: Pixabay

A number of foreign internet portals (such as Uplibra, Calibra and Buylibracoins, among others) are suspected of being launched recently, the MNB warns, offering so-called "pre-sales" of a cryptocurrency for one of the world’s leading social media providers.

The central bank does not reference it by name, but the implication is that it is Libra. The color scheme and elements of the portals are very similar to Facebook and the official portal of Libra, however it cannot be ascertained that they are being used illegally.

These sites offer the cryptocurrency in advance at a discounted price, though it is not yet commercially available, and it is questionable whether it will ever be launched.

Buyers can store the "purchased" cryptocurrency in non-existent electronic wallets. According to the promise of cybercriminals, anyone who is newly recruited into the group is said to be getting free cryptocurrency.

Clients can access multiple clone portals with their social media information, which could put their data, photos and passwords into criminal hands, penzcentrum.hu warns.

ADVERTISEMENT

Varga: Q1 growth demonstrates ability 'to withstand crisis' Analysis

Varga: Q1 growth demonstrates ability 'to withstand crisis'

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Budapest bike-sharing scheme expands in District XI City

Budapest bike-sharing scheme expands in District XI

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.