Australians are advised to avoid crypto paper wallets.

Australians have been warned to avoid suspicious-looking counterfeit Bitcoin paper wallets.

that deceive consumers into accessing a reputable bitcoin wallet but eventually deplete their own cryptocurrency holdings

According to a post on the NSW Police Force's Facebook page on November 22,

The scam starts with a paper cryptocurrency wallet that includes a QR code.

When a user comes across the paper wallet and scans the QR code

A link to a bitcoin wallet with a maximum value of $16,000 Australian dollars ($10,000) is displayed.

A link to a bitcoin wallet with a maximum value of $16,000 Australian dollars ($10,000) is displayed.