Warning signs of a crypto scam
Each day, cryptocurrency investments continue to garner mainstream attention and attract new investors; however, it has become increasingly troublesome to keep these digital assets safe.
In Washington alone, $141 million was lost to crypto kiosk scams in 2023. On a larger scale, the FBI reported that nearly $9.3 billion in crypto losses occurred nationwide in 2024, a 66% increase from 2023.
Scammers have also turned to phishing emails and social media, where they pose as established traders and offer exclusive investment opportunities to potential victims. Oftentimes, a scammer will gain the trust of a victim over time and eventually work towards gaining access to the target’s private keys (password).
Alan…
