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PayPal Cease Trading Crypto Currency Bitcoin Warning Email Sophisticated Fake Scam?

A warning popped into my email te opbergruimte from PayPal a few hours ago, warning of dire consequences if I did not &quot, Cease any activity that results ter the trading or transfer of crypto currency&quot,. the total text of which goes after below:

Warning email- Cease any activity that results ter the trading or transfer of cryptocurrency

Dear Nadeem Walayat

Wij appreciate the fact that you chose PayPal to send and receive payments for your transactions.

While reviewing your account, wij noticed that your activity involves the trading or transfer of cryptocurrency which is prohibited under our Acceptable Use Policy. Spil this is not permitted on the PayPal toneel wij ask that you cease any activity that results te the trading or transfer of cryptocurrency. If you proceed to engage te this activity on PayPal, wij’ll be incapable to proceed suggesting our services.

You can view the accomplish PayPal Acceptable Use Policy by clicking the ‘Legal’ verbinding at the bottom of any PayPal pagina and clicking ‘PayPal Acceptable Use Policy’.

Wij appreciate your cooperation te this matter and ask that your continued use of PayPal be ter accordance with the User Agreement and the Acceptable Use Policy.

This mailbox isn’t monitored and you won’t receive a response. For assistance, loom ter to your PayPal account and click Help at the bottom of any PayPal pagina.

The very first thing to do is to check that it is actually from paypal ter the very first example it made it through my spam filters, so if its a fake its more sophisticated then the normal fakes.

The initial email to and from look ok

However looking at the headers repeatedly exposes the domain name spil the originating domain, so overlooking text ahead of the domain name such spil ‘manhandle’ this shows up to be from where the email came from.

So who is’s registered to ? is it Paypal or someone else?

International Business Machines Corporation

Fresh Orchard Road,


Loxahatchee Groves, Florida, United States

Address: 6303 barfield rd ne

Again IBM. What relationship does IBM have with paypal? This looks like a sophisticated phishing attempt for the fundamental fact that I have NEVER DONE ANY CRYPTO CURRENCY TRANSACTIONS VIA PAYPAL.

So the next step is to loom into my PayPal account and spil expected there are NO warnings, therefore I am 80% certain at this point ter time that this is a sophisticated FAKE email! The alternative 20% is because unluckily PayPal is not 100% trustworthy i.e. they have bot known to shut people out of their accounts for feeble or even NO reason. SO the scammer here ‘could’ be PAYPAL preparing the way to grab customer balances! But at this stage given that I have never transacted te a crypto via Paypal, then I am 80% certain this is a FAKE PayPal warning despite the email header looking genuine.

The alternative is that somehow someone paid mij via a cryptocurrency through a third party and that is the trigger for this warning. Or that a paypal algorithm has deemed a transaction or more to involve cryptocurrency trading. However without any message on my Paypal instrumentenbord I presently give this a low 20% probability.

Spil for the prospects for the Bitcoin price and other crypto currencies, see my latest movie analysis:

By Nadeem Walayat

Nadeem Walayat has overheen 30 years practice of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Ritme the 1987 Crash. Nadeem’s forward looking analysis concentrates on UK inflation, economy, rente rates and housing market. He is the author of five ebook’s ter the The Inf lation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from overheen 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended spil investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but wij cannot accept responsibility for any trading losses you may incur spil a result of this analysis. Individuals should raadpleging with their individual financial advisors before engaging ter any trading activities.

&copy, 2005-2018 – The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

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