Scammers are getting away with billions of dollars, and unfortunately, it seems like people are making it easy for them. In 2021 alone, scammers stole $14 billion USD worth of cryptocurrency, breaking an all-time record. People’s interest in this kind of currency has encouraged sophisticated criminals to create new schemes. The high-tech nature of Bitcoin poses an issue, which is that most people are not totally aware of how to use the currency, where to trade it, how to pay with it, etc. In this confusion, scammers have an opportunity to mislead their victims and steal the money from them.
It’s not just Bitcoin investors though. Bitcoin is becoming more and more popular as a means of payment, and as long as the company or person you are sending payment to are legit, there should be no worries. However, the problem rises from the fake websites, fake service providers, and fake sellers. In some ways, the current environment is a perfect storm for fraudsters. When people don’t fully understand cryptocurrency, it’s easier for smooth-talking scammers to drive them into giving their private keys, sending funds without knowing who they’re really sending it to, or using websites and apps that can steal their keys. Whenever there’s a big gap in understanding, it’s easier for criminals to take advantage of unsuspecting people. Bitcoin and crypto currency in general are now the preferred payment method for international fraud and scam cases.
Wymoo private investigators have put together some tips to avoid being a victim:
Contact us for an investigation quote before making any payments! Proper verification and due diligence can be done quickly, and save you time and money.
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