2min snip

Darknet Diaries cover image

143: Jim Hates Scams

Darknet Diaries

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How Scammers Launder Gift Cards

  • Scammers often ask victims to buy "security cards" instead of using the term "gift cards".
  • They launder the money by selling the card numbers on platforms like Paxful, often for about 50% of their value.
  • While they lose half the value, this process effectively washes the money, making it nearly impossible to trace.
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