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Scam Promising Safe Passage Through Strait of Hormuz Demands Crypto Payments

A maritime company said fraudsters are offering false transit guarantees for the Strait of Hormuz and requesting payment in cryptocurrency.

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Terms & Concepts
  • Cryptocurrency: A digital asset that uses blockchain technology to transfer value without relying on a central bank or traditional payment network.
  • Blockchain: A distributed digital ledger that records transactions across a network, making records transparent and hard to alter.