Beware: The Rise of Cryptocurrency Scams and How to Protect Yourself
Kob 43 months ago
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Beware: The Rise of Cryptocurrency Scams and How to Protect Yourself

General Bitcoin News
cryptocurrency
scams
fbi
investing
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Summary:

  • Cryptocurrency investment is becoming increasingly popular, attracting scammers.

  • The FBI warns about rising cryptocurrency scams.

  • Scams can include fraudulent investment schemes and phishing attacks.

  • Always research before investing in cryptocurrency.

  • Report scams at IC3.gov to help protect others.

Growing Popularity of Cryptocurrency

In recent years, buying and investing in cryptocurrency has surged in popularity, attracting not only legitimate investors but also scammers looking to exploit this trend.

The FBI's Warning

The FBI has issued a warning about the increasing prevalence of cryptocurrency scams. Special Agent In-Charge Raul Bujanda and Cyber Supervisory Special Agent Terrance Frank discussed these scams and how individuals can protect themselves in a recent video.

Understanding Cryptocurrency Scams

So, what exactly are these scams? They can take many forms, including fraudulent investment schemes, fake ICOs, and phishing attacks aimed at stealing personal information. If approached by someone trying to get you to invest, it’s crucial to be cautious and do thorough research before committing any funds.

Reporting Scams

If you encounter a cryptocurrency scam, you can report it through the Internet Crime Complaint Center (IC3) at IC3.gov for assistance and to help prevent others from falling victim to these scams.

Cryptocurrency Scams

For more detailed insights, watch the video above featuring the FBI agents discussing these critical issues.

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