FTC Consumer Alert
By Andrew Rayo
June 11, 2022

 

If the cryptocurrency craze feels like a tempting way to make money, or you think you’re missing out, read on. Because, according to the FTC’s new data spotlight, scammers are banking on what you don’t know about cryptocurrency — or scammers’ tricks. And that could cost you serious money.

The FTC’s new data spotlight shows crypto is a common way for scammers to steal money, with over 46,000 people reporting losing more than a billion dollars in crypto to scams since the start of 2021. Many crypto scams begin with ads, posts, or messages on social media. And most crypto is lost to investment scams, where scammers get you to “invest” money, promising they’ll make you more — quickly. That’s a lie. You won’t make money and you’ll lose your initial “investment.”

Scammers lurk in online dating apps and on social media, too. These scams might also involve an investment: your new love interest might boast about being rich and offer to help you get started in crypto investing. Don’t do it — those “investments” go straight into their pockets.

Scammers also impersonate major companies and the government. They’ll use messages or pop-ups to claim there’s a problem with your accounts, or a security breach, and the only way to “protect” yourself is to put your money in crypto. Don’t. It’s a scam.

To steer clear of crypto cons:

  • Know that only scammers guarantee big payouts or fast, easy money. These lies get you to “invest” — but you won’t get any of your money back.
  • Don’t mix online dating and investment advice. If a new online love interest wants to show you how to invest in crypto, it’s a scam.
  • Spot the scammers asking you to send crypto. Real companies and government agencies will never tell you to buy cryptocurrency to sort out a problem or protect your money.

For help spotting crypto scams, visit ftc.gov/cryptocurrency. And report scams at ReportFraud.ftc.gov.

 

5 1 vote
Article Rating

Subscribe
Notify of
guest

9 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Ron Iscaba
Ron Iscaba (@guest_65361)
5 months ago

I have seen and read about alot of cryptocurrency scams and that makes me remember my horrible experience. I lost 43k to a fake online Crypto investment scam, at i was making profit but i was scammed when i invested with a bigger amount. I searched online until i read about a recovery expert and contacted him via CryptoSwiftRecovery@gmail. com. Long story short, my bitcoin was recovered and i’m happy now. So if you have a similar situation i suggest you write to the email above for help

Michal Dufva
Michal Dufva (@guest_65393)
5 months ago

Just get in touch with Summitrecoup com if you want help in recovering your cryptocurrencies or funds from fake investment or trading. They’re fast, precise, legit, transparent and everything legal you can think of.

G. Stone
G. Stone (@guest_66052)
2 months ago

I have read a lot of stories about people losing money to investment scams. I too have been a victim of this scams. I lost about $30k andrrfx last year, I searched around and tried to work with people ,unfortunately I was scammed as well. This happened for months until I came across chargebacknowATaol . Com// they came to my rescue and all my funds were recovered.

David Gilbert
David Gilbert (@guest_66066)
2 months ago

Get in touch with Summitrecoup com if you want to recover your scammed funds or get some legal counsel on how to go about it. They’re the Best and Most legit team out there. I saw their reviews and reached out, got back all my funds with roi. Superb I Must say! 

Vallarie Bennet
Vallarie Bennet (@guest_66077)
2 months ago

I lost my bitcoin because I fell victim to a spam email encouraging me to invest in a bitcoin company that was going to yield 100% profits in 2 months so, I invested $5000. When it was time to withdraw my funds, they asked me to pay $2000 to unlock my money which I did, I kept paying the fees they requested for until I could no longer take it, I got introduced to (Digitalassetrecoveryexpert at Gmail com) recovery expert by my friend, I decided to take the risk and contacted them to recover my funds and to my greatest surprise I had my funds handed to me within a week.

Reginald Winston
Reginald Winston (@guest_66187)
1 month ago

Prior to today, there was no likelihood of recovering your stolen cryptocurrency. Thankfully, there are currently certain techniques that are sure to get back your stolen cryptocurrencies and ethereum. Always attempt to think through the best methods for recovering your cryptocurrency after it has been lost or stolen, as well as how to avoid experiencing something so traumatic in the first place!

Use secure wallets: It’s always better to prevent problems than to try to fix them. Therefore, it is advisable to prevent losing your cryptocurrency or bitcoin in the first place. Take Prompt Action: You must identify the thief of your cryptocurrencies in order for the legal system to work in your favor. The blockchains for ethereum and bitcoin confirm over ten million exchanges. All of these transactions are recorded on the bitcoin blockchain. On the other hand, the blockchain merely keeps track of addresses and public/private keys. As a result, the most popular method for connecting real-world identities to bitcoin transactions is through virtual asset service providers.

You may recover all of your lost money by working with one of the top bitcoin, ethereum, and cryptocurrency recovery specialists out there. Following a careful analysis and examination, here are the best bitcoin recovery specialists’ contact information.

ETH, BTC, and other cryptocurrencies can be recovered by contacting DIGITAL TECH at HACKWITHADRIANLAMO{@} GMAIL. COM.

Jessica Peterson
Jessica Peterson (@guest_66200)
1 month ago

Generally speaking, whether or not lost bitcoin can be found depends on how it was lost. Given the amount of missing cryptocurrency, people have started offering services to help recover lost bitcoins. These include data recovery specialists, but you need a professional recovery expert like funds retrieval to help you recover your lost bitcoin. Contact them to recover lost bitcoins, bitcoins cash, and all other forms of cryptocurrency. And you can be sure that no matter how long it has been lost, you will still get your bitcoin value. Contact the support team for further assistance. Email CryptoRetrievalExpert@gmail. com.

Jessica Peterson
Jessica Peterson (@guest_66201)
1 month ago

I was able recover 1.4845BTC i lost to this fake investment website, thanks to the professional I hired to get the job done. He was recommended to me by a friend I was skeptical at first, but decided to give him a try, to my surprise he successfully recovered my funds. Reach out to him by reaching (Cryptoretrievalexpert at Gmail com) he is without any doubt the best in the business.

miguel jose
miguel jose (@guest_66428)
13 days ago

If you have been scammed before in any fraud related case, then i urge you to contact this email or whatsapp number, Mr. Fahad Waleed is good at tracking this scammers.

Fahad-waleed64@cyber-wizard.com
WhatsApp Number +1 (804) 269-6991

9
0
Would love your thoughts, please comment.x
()
x