Is PayPal Bitcoin Order Confirmation a scam?

The “PayPal Bitcoin Order Confirmation” email or text message is a scam that is currently making the rounds. The scammers behind this scheme are sending out emails that appear to be from PayPal, claiming that the recipient has authorized a payment of $725.84 to Binance Corp, a cryptocurrency exchange company.

Are bitcoin blackmail emails a scam?

Bitcoin blackmail emails tend to show all the classic signs of a scam, which include: No specific details on the sensitive information the scammer claims to have are provided: The scammer offers only vague information but doesn’t provide the actual incriminating photos, videos, or files that they’re threatening to expose.

How do bitcoin scam emails work?

Bitcoin scam emails tend to follow a similar script. For example, in the following email, the scammer details how he hacked into a victim’s computer to uncover “adult video clips” but doesn’t provide any evidence that those clips are actually in his possession. He also asks for $1,200 in bitcoin within one day.