The FBI warned crypto investors of fake apps, which scammed over $42 million from users since October. Fraudulent apps were often masquerading under the names of legitimate crypto platforms, the warning said. Amid cries for more regulation, the FBI urged customers to research crypto apps before giving personal info.
Are fake apps in the cryptocurrency space defrauding investors?
The FBI issued a warning Monday for investors to be wary of fake apps in the cryptocurrency space, which defrauded over $42 million from users since October of last year. The fake apps often ask users to deposit cryptocurrency before locking them out of their accounts.
How to get money out of a fake cryptocurrency platform?
Users that create an account for the fake cryptocurrency platform will see that there is 28.85 BTC in their bitcoin wallet. To get this money out of their wallet, victims first need to transfer 0.0001 BTC to ensure everything works as intended.
Can a scam artist steal your cryptocurrency?
Scam artists know no bounds—that also applies to stealing your cryptocurrency. Swindlers exploit various schemes to lure victims into fraudulent crypto investments. They even go as far as entering into fake relationships through dating apps like Tinder.
