Fraud Alert: Cryptocurrency Scam

We have been made aware of a crypto scam targeting people to invest in their fake cryptocurrency scheme. Please be cautious of any unsolicited investment offers related to this topic.

Advice to avoid this scam and others:

Look for red flags.

  • Strangers sending seemingly harmless text messages out of the blue.
  • Strangers who quickly try to move the conversation to WhatsApp or another social media site.
  • People who avoid video-calling with multiple excuses or flatly refuse to initiate any kind of video-calling.
  • The URL of the investment platform doesn’t match the official website of a popular cryptocurrency market or exchange but may be very similar.
  • The investment app generates warnings of being “untrusted” when launched, or the computer’s antivirus software marks it as potentially dangerous.
  • The investment opportunity sounds too good to be true.

Follow these tips to protect yourself.

  • Don’t send money, trade, or invest with a person you have only met online.
  • Don’t speak of your financial position or investments.
  • Don’t share personal information or current financial status with strangers.
  • Don’t provide your banking information, social security number, copies of your identification or passport, or any other sensitive information to anyone online or to a site that you cannot verify is authentic.
  • If an online investment or trading site promotes unbelievable profits, it is most likely just that—unbelievable.
  • Be cautious of individuals who claim to have exclusive investment opportunities and urge you to act fast.

How to Report Fraud

If you spot a scam, report it to the FTC at and to your state attorney general. If you or someone close to you may have been a victim of fraud,  we can help. Call us at 800.498.8930 or visit your local People’s Credit Union Branch.

Post navigation