(NEXSTAR) – As technology gets more sophisticated, so do scammers. As bad actors adapt to the times, cryptocurrency scams are becoming a bigger problem, duping Americans out of huge sums, the Better Business Bureau said.
In its annual Scam Tracker report, the BBB said investment and cryptocurrency scams were the “riskiest” type of scam in 2023. Scammers are using people’s general lack of understanding about cryptocurrency to their advantage, the Bureau said, promising huge returns on investment for purchasing Bitcoin.
One victim, who shared her story, said she came upon a cryptocurrency scam while watching a YouTube video about Bitcoin investments. People in the comments said they made money using a trading service, so she reached out to the investment firm.