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Crypto balances skyrocketed, but cashing out was impossible. Inside the scam the FBI is fighting
Scammers are capitalizing on cryptocurrency’s record-breaking year, luring victims with fake investment opportunities that promise huge returns. Victims watch their balances soar, until they try to cash out. Losses tied to these schemes have grown so severe that the FBI launched Operation Level Up in January 2024, a proactive effort to identify and warn victims before they realize they are being scammed. licensed or registered. Crypto balances skyrocketed, but cashing out was impossible. It's the new scam the FBI is warning people about. (Scripps News) Beware of crypto scams this holiday season Crypto Scams By: ... (full story)
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