Scammers demand crypto from stranded ships in Strait of Hormuz: Report

Burns Brief

Shipping companies stranded near the Strait of Hormuz are reportedly being targeted by scammers posing as Iranian authorities, demanding Bitcoin or USDt for “safe passage The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.