Colorado Reports Rising Crypto Scams
Colorado authorities have warned about a problem the state is facing in relation to crypto scams. Fraudsters found a way to leverage phone spoofing and social engineering, using it to impersonate law officials.
There are many reasons why fraudsters would focus their efforts on cryptocurrency. For starters, this digital currency has become indispensable in many industries, with online gambling leading the way. The use of crypto erases worldwide borders in a way that removes the issue of currency conversion and loss of money. Crypto transactions are also protected by advanced encryption, making them as secure as possible.
Apart from that, crypto payments are usually low-cost and quick, both of which are crucial for a positive…
