Should you invest?Ĭrypto expert Adam Morris, co-founder of Crypto Head, said in an email to the Deseret News that scams can be identified easily - if the opportunity sounds too good to be true, then it is. And that was toward the beginning half of the year, so you can imagine numbers have climbed since then.ĭid Shiba Inu coin crash again? Shiba Inu coin for Dogecoin: Why cryptocurrency investors may be leaving Shib Shiba Inu coin has reached an all-time high. Early in 2021, the Federal Trade Commission said consumers lost a combined $80 million in scams. An unknown individual answered the call and changed the user’s account, allowing much of the money to be transferred out of their account.Ĭryptocurrency scams remain a potential issue for investors. The Coinbase user called a number associated with the notification. “It’s unclear how the alleged fraudster knew about the Coinbase transaction and whether the online notification mentioned in the warrant appeared on a phone or computer,” per Insider. Investigators said the scheme led to almost $11.6 million in cryptocurrency being stolen from the user’s account. The notification was actually a part of a fraud scheme. The notification looked like it had been from the cryptocurrency investing app, Coinbase. A notification popped up on the user’s phone that said their account had been locked, according to Insider. In April, a Coinbase user bought 200 bitcoins, which is now worth about $12 million. A federal judge this month approved a warrant to get back more than $600,000 in bitcoins after investigators said a Coinbase user lost $11.6 million in an alleged scam, Insider reports.
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