Multiple ‘Charlie Lee’ Imposter Twitter Accounts Promise Fake LTC Giveaway

Multiple ‘Charlie Lee’ Imposter Twitter Accounts Promise Fake LTC Giveaway

Twitter has seen an influx of “Charlie Lee” this week, with not just one, but multiple imposters posing as the Litecoin (LTC) creator and promoting a fake LTC giveaway.

Most of the imposters are using Twitter accounts with names very similar to the real Charlie Lee, @SatoshiLite, such as @SatoshiLitez and @SatoshiLitee_, whose Twitter profiles exactly match those on the real Charlie Lee’s page.

The only thing that differs between these scammers is the amount of LTC being given away, ranging from 50 to 500 LTC.

There are also the more lazy scammers with similar fake giveaway posts, like @LiteSatoshi, whose relatively blank Twitter page says he is Roger Ver, or @kevinco68774468, whose page matches Lee’s in part but whose name appears as “your mom.”

Cointelegraph’s coverage of the Blockchain Connect conference, which took place in San Francisco on Jan. 26, was subject to one of “your mom”’s scam attempts:

The real Lee tweeted a warning about the scammers, who he also said were blocking him so that he couldn’t see any new scam posts:

The scammers may be taking advantage of Lee’s December 2017 announcement that he had sold and donated all of his LTC, perhaps hoping that Lee’s past donation would make the scam more believable. However, since Lee no longer holds any Litecoin, any LTC giveaway purportedly coming from Lee is unlikely to be true.

By press time, all of the fake Lee accounts mentioned in this article are still active on Twitter.

Sberbank to Bypass Russian Regulations and Trade Cryptocurrencies Overseas

Sberbank to Bypass Russian Regulations and Trade Cryptocurrencies Overseas

Sberbank to Bypass Russian Regulations and Trade Cryptocurencies Overseas

The largest bank in Russia, the state-owned Sberbank, has reportedly announced its plans to bypass the Russian cryptocurrency regulations and offer crypto trading to customers overseas. The bank is looking at trading pairs of the most liquid and well-known cryptocurrencies.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Bypassing Russian Regulations

Sberbank to Bypass Russian Regulations and Trade Cryptocurencies OverseasAt a news briefing on Tuesday, Sberbank’s Head of Global Markets Andrey Shemetov said that the bank “plans to start trading cryptocurrencies outside Russia in order to avoid violating domestic rules,” Reuters reported. Sberbank is the largest bank in Russia and third largest in Europe. It is majority-owned by the Russian government.

According to Shemetov, “Russian laws bar Sberbank from trading cryptocurrencies.” However, “the state-controlled bank wants to be able to serve clients in what is a popular market for some investors,” the news outlet explained. “That’s why we think that we need to have a strategic access to these products,” he told reporters. Tass then quoted him emphasizing:

In Russia, we cannot trade [cryptocurrency], but we want to satisfy the interests of clients, and we believe that we must have access to a wide range of products.

The Russian finance ministry recently published the draft law on the regulation of digital assets in Russia including cryptocurrencies. This bill is expected to enter into force in September.

The Swiss Operation

Sberbank to Bypass Russian Regulations and Trade Cryptocurencies OverseasSberbank’s solution for crypto trading is its branch in Switzerland called Sberbank (Switzerland) AG, headquartered in Zurich. Shemetov revealed that the bank’s Swiss subsidiary is creating “an infrastructure for trading in cryptocurrencies,” Tass reported. He clarified, “We completely build the trading infrastructure so that we can open our own positions and give customers service, that is, buy and sell for clients,” reiterating:

Swiss laws allow cryptocurrency trading, and we are working on infrastructure to start offering these services through our Swiss subsidiary.

Initially, “The product will be available only to legal entities,” Ria Novosti detailed. Shemetov noted, “The product is very risky, the volatility is very high, so we will not provide these services to a large number of customers,” adding:

We are looking at all of the cryptocurrency pairs that are the most liquid, [and] their names are known. We will see what’s interesting to the clients, where is some liquidity…Obviously, we will not go into a low-liquidity crypto.

In November of last year, Sberbank bought up a lot of graphics cards that can be used for cryptocurrency mining, causing a shortage of these products on the Russian market. The bank said at the time that these cards were for its “laboratory of artificial intelligence.”

The president and chairman of the board of Sberbank, Herman Gref, said earlier this month at the annual Gaidar forum, as reported by local media, “Cryptocurrencies cannot be banned, it’s a wonderful new technology which has not yet been fully captured and studied.”

What do you think of Sberbank offering cryptocurrency trading outside of Russia? Let us know in the comments section below.


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