>>Financial Experts Warn About The Rise Of Cryptocurrency Scams
(Undated) -- Financial experts are warning Virginians about the rise of cryptocurrency scams. Katie Gray reports.Preview: SCRIPT:
FBI warning of growing concerns with reports showing $5.6 billion in loses to such scams in 2023.
Scammers often create fake social media accounts to build trust with victims before convincing them to invest in non-legitimate platforms. Cryptocurrency scams are especially dangerous due to the lack of regulation in the industry, making it difficult for authorities to intervene once funds are lost. WSPA reports that Experts advise people to be cautious, not to share personal information or make payments in response to unsolicited calls, and to report any suspicious activity to the FBI.