WebFeb 3, 2024 · Common Cryptocurrency Scams It’s easy to think that everyone is getting rich trading in cryptocurrencies. Many scammers take advantage of trader greed with dubious products and services. Here are the most common scams. Initial Coin Offerings (ICOs) ICOs are fundraising mechanisms for newly launched cryptocurrencies. WebOct 21, 2024 · Reporting Cryptocurrency Scams If you’re a victim of a cryptocurrency scam or notice suspicious activity, you should report it immediately to the following agencies: Federal Trade Commission Commodity Futures Trading Commission Securities and Exchange Commission Keeping Yourself Safe
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WebJun 3, 2024 · Only scammers will guarantee profits or big returns. No cryptocurrency investment is ever guaranteed to make money, let alone big money. Nobody legit will require you to buy cryptocurrency. Not to sort out a problem, not to protect your money. That’s a scam. Never mix online dating and investment advice. WebDec 14, 2024 · Since the beginning of 2024, the crypto industry has experienced little respite. The Securities and Exchange Commission (SEC) has officially announced that charges will be filed against eight social media influencers in connection with a $100 million securities fraud conspiracy. In this conspiracy, the defendants used social media platforms ... flood proof home designs
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WebCrypto Scam: My Mother Lost $57,000. I live in Murrieta, California. Recently, my mother informed me that she was scammed out of $57,000 on a cryptocurrency app (App A). … WebJun 3, 2024 · 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 … WebApr 7, 2024 · It is important that investors take precautions against falling victim to these scams by following safety measures such as researching potential investments thoroughly and being aware of red flags such as pressure tactics used by scammers. By taking these simple steps, you can help protect your investments. flood proof fencing