Article: Be wary of cryptocurrency scammers: FCAA

Crypto, Cyber-Security

Be wary of cryptocurrency scammers: FCAA

According to the FCAA, fraudsters use various techniques to lure in potential investors.

Such methods include:

  • online ads highlighting high returns and low risk;
  • pop-up ads that promote cryptocurrency giveaways or include fake customer reviews;
  • recommendations on social media that seem to come from “a friend”; and
  • private messages on social media sites from fake profiles that look legitimate.

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Article: Watch out for cryptocurrency fraud

Crypto, Cyber-Security

Watch out for cryptocurrency fraud

Here are a few common methods that fraudsters use:

Online ads which highlight high returns and low risk.

Pop-up ads that promote cryptocurrency giveaways or include fake customer reviews.

Recommendations on social media that seem to come from “a friend”.

Private messages on social media sites such as LinkedIn and Facebook from fake profiles that look legitimate. Fraudsters can pretend to be senior executives and their profiles showcase fake investor references.

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