Crypto
AARP Fraud Watch: Cryptocurrency fraud
(WHTM) — Over the past 15 months, U.S. customers have misplaced greater than $1 billion to cryptocurrency fraud. Cryptocurrencies resembling Bitcoin and Ethereum exist as digital code and can be utilized to make purchases. Nonetheless, currencies like these have gained reputation as an funding.
Cryptocurrencies are steadily traded on on-line exchanges, however they don’t seem to be backed or regulated by any authorities physique which makes them prone to fast adjustments in worth.
AARP says almost half of the individuals who misplaced cash by way of a crypto con say it began with an Instagram/Fb commercial, put up, or message.
Crimson flags for cryptocurrency fraud embody “assured” returns or guarantees of big features, and legit companies and governments don’t require you to ship cryptocurrencies to resolve issues.
One other piece of recommendation, don’t combine love and cryptocurrency. Be cautious if a brand new romantic accomplice begins pushing you to spend money on crypto or asks for cash in that type.
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