ORLANDO, Fla. — Cryptocurrency — which is basically digital money — has exploded in popularity in recent years, and a lot of people are curious about it.
A lot of people are investing in it, too, including Jayson Moser.
What You Need To Know
- Cryptocurrency funds, or digital money, can go missing overnight
- Regulation is “very low to nonexistent,” UCF finance professor says
- Without oversight, scams are common, Dr. Buvameshwaram Venugopal says
- Only invest in cryptocurrency if you’re willing to risk funds, he says
Moser shared his experience with cryptocurrency as a warning for others.
Moser says he woke up to his Coinbase account wiped out, $2,000 gone overnight.
“It said zero, and I said, ‘Well, that can’t be right,’ ” Moser said.
So where did his money go? Moser said he didn’t have a clue.
“Eighteen emails later, 45 days later, no response. No meaningful non-automated response,”…