Experts say scammers are especially targeting young people.
ATLANTA — President Joe Biden recently signed an executive order calling on the federal government to examine the risks and benefits of cryptocurrency.
If you are getting involved in the rising boom, the Better Business Bureau wants you to be aware of scammers who are looking to steal your money, especially on social media.
“Scammers are using social media and other means to promise investment opportunities with great returns and low risks, which is a huge red flag,” Melissa Lanning Trumpower, executive director of the BBB Institute for Marketplace Trust, said. “We received many reports of people being targeted on a variety of social media platforms after their friends’ accounts were hacked.”
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According to the 2021 BBB Scam Tracker Risk Report, scams related to cryptocurrency jumped from the seventh riskiest scam in 2020 to second riskiest in 2021.
“People are giving their hard earned money thinking I’m investing in something and expecting something in return,” Simone Williams, a spokesperson for the BBB Serving Metro Atlanta, Athens & NE Georgia, explained. “And…
