Classic crypto giveaway scam hits Betterment users after major breach
Betterment, a traditional investing service, was breached by crypto hackers. Thousands of users received fake push notifications and emails, promoting the classic “crypto giveaway” scam.
Users received the fake alerts from Betterment’s mobile app. Others received emails promoting the giveaway scam. The fake message promised to triple users’ cryptocurrencies. The “promo” was valid for three hours.
Crypto attackers impersonate Betterment
The email instructed users to deposit as little as $1 or up to $750,000 in Bitcoin or Ether. The mobile app notification said, “For example, if you send $10,000 in Bitcoin or Ethereum, we’ll send you right back $30,000 to your sending Bitcoin or Ethereum address.”
The hackers added…




