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This yr, shoppers have misplaced greater than $80 million in cryptocurrency funding scams, an infinite enhance from the $7.5 million in losses reported the earlier yr. Scammers usually ask for cryptocurrency funds within the context of different scams akin to romance or actual property. Shoppers ought to know that in contrast to bank cards, cryptocurrency usually affords no authorized safety. Funds can’t be reversed, there is no such thing as a solution to dispute a purchase order, and a few cryptocurrency funds are recorded on a blockchain (a public ledger). Furthermore, cryptocurrency values are always fluctuating.
Some scams are explicit to cryptocurrency. Whereas cryptocurrencies might be reputable investments, some “funding alternatives” are simply faux web sites that present shoppers’ investments rising. When traders try and withdraw their cash, they’re inspired to ship extra, however by no means see an actual return.
Extra info at marincountyda.org or 415-473-6495
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