Aussies warned to avoid crypto paper wallets they find on the street By Cointelegraph

Aussies warned to avoid crypto paper wallets they find on the street

Australians have been warned to stay away from suspicious-looking fake paper wallets, which work by luring victims into accessing a lucrative crypto wallet but will ultimately drain them of their own crypto holdings.

According to a Nov. 22 post on the Facebook (NASDAQ:) page of the NSW Police Force, the scam starts as a paper cryptocurrency wallet with a QR code, which is made to appear like a legitimate Bitcoin paper wallet.

An example of the scam crypto paper wallets. Source: NSW Police Force