New bitcoin bull market, beware of the same old crypto scams
Consumers beware: With bitcoin trading solidly over $90,000 this month and closing in on the $100,000 level, cybercriminals will be circling the wagons.
“This is going to create a lot of FOMO and a lot of urgency around investing in bitcoin and paying with bitcoin,” said Eva Velasquez, president and chief executive of the Identity Theft Resource Center. Scammers “love, love, love to leverage external events, create confusion, create that sense of urgency and steal your hard-earned money.”
The issue is compounded by the fact that legitimate strategies to make money with bitcoin are being discussed publicly by reputable sources. That, coupled with the technological advances of AI, makes scams seem more real, even for more sophisticated…
