A digital defense against crypto investment scams — Scam Guards


PORTLAND, Ore. (KTVZ) — This week, the Oregon FBI’s Tech Tuesday segment focuses on building a digital defense against cryptocurrency investment scams

Cryptocurrency itself is perfectly legal to buy and use in the U.S. In fact, many mainstream companies are now accepting cryptocurrency for goods and services. What the FBI is seeing, though, is an increase in bad actors who are using old style scams to steal this new-style virtual asset. 

In recent months, the FBI said they’ve had more people report to them that they are losing anywhere from hundreds to hundreds of thousands of dollars in investment scams. Here are some scenarios: 

You see the value of cryptocurrencies going up and decide you want to invest, but don’t know how. You find a “trader” online who offers to exchange your cash for whatever brand of crypto you want to buy. He says you just need to pay a commission. When you see the value go up,…

Read full article at scamguards.org