BBB Study Shows Cryptocurrency Is Ripe For Fraud, Financial Loss – KLIN

The Nebraska Better Business Bureau says Cryptocurrency is the hot new trend in investing, and much is still not understood about the digital payment system that does not rely on banks to verify transactions. This has created a fertile environment for scams, according to a new in-depth investigative study by Better Business Bureau.

The study examines the many facets of cryptocurrency and the variety of ways criminals are exploiting the cryptocurrency market to steal from investors and victims of common scams. Read the full study at bbb.org/scamstudies.

“This groundbreaking study sheds light on the latest series of scam trends we’ve monitored,” said BBB President and CEO Jim Hegarty. “Cryptocurrency is here to stay, and we want to ensure our communities are aware of the potential for scam-related activity in these relatively new markets.”

Tips to avoid cryptocurrency scams:

• Guard your wallet. If you buy cryptocurrency, the security of the wallet is of prime importance. If you lose…

Read Full Story: https://klin.com/2022/03/24/bbb-study-shows-cryptocurrency-is-ripe-for-fraud-financial-loss/

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