This 12 months, customers have misplaced greater than $80 million in cryptocurrency funding scams, an infinite enhance from the $7.5 million in losses reported the earlier 12 months. Scammers typically ask for cryptocurrency funds within the context of different scams akin to romance or actual property. Customers ought to know that in contrast to bank cards, cryptocurrency usually presents no authorized safety. Funds can’t be reversed, there isn’t a method to dispute a purchase order, and a few cryptocurrency funds are recorded on a blockchain (a public ledger). Furthermore, cryptocurrency values are continually fluctuating.
Some scams are explicit to cryptocurrency. Whereas cryptocurrencies will be official investments, some “funding alternatives” are simply pretend web sites that present customers’ investments rising. When buyers try and withdraw their cash, they’re inspired to ship extra, however by no means see an actual return.
Extra data ator 415-473-6495