Fraudsters are always looking for new ways to steal users’ money. The massive growth in the use of cryptocurrency in recent years creates a huge number of opportunities for fraud. Cryptocurrency fraud in 2022 has reached record levels. If you are interested in cryptocurrency, it is important to understand the risks involved. We’ve prepared online courses for you on cryptocurrency security: how to protect your investments and avoid fraud.
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What victims of Cryptocurrency Fraud Should Do
Cryptocurrency fraud can have disastrous consequences for the victim. If you have made a payment or disclosed personal information, it is important to act quickly.
Contact your bank immediately if you:
- Made a payment using a debit or credit card.
- Made a payment by wire transfer.
- Provided your personal information.
Cryptocurrency fraudsters often sell the data they obtain to other cybercriminals. Thus, to prevent further damage, it is important to change names and passwords for all accounts. If you have been a victim of cryptocurrency fraud on social media, you can report it on the appropriate platform. Depending on your country of residence, you can report the fraud to the appropriate authority in your jurisdiction. For example, in the United States, this is the Federal Trade Commission. Other countries have similar organizations.