Cryptocurrencies play a significant role in fake invoice scams as they are often used as a form of payment. Scammers may request payment in crypto to avoid detection and make tracing the transaction more difficult. The anonymity and lack of regulation associated with cryptocurrencies make them an attractive option for scammers.
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Sometimes these invoices request cash, or sometimes crypto, but they usually all have some form of "here's your invoice" or "invoice updated" with a button to say "view and pay invoice." This mimics a real PayPal invoice and is sent through a spoofed version of the service@paypal.com email address. And these scams aren't just limited to fake invoices - we even got a fake text message from PayPal support while researching this article.