BBB issues warning about investment scams using cryptocurrency NBC Chicago [Video]

The Better Business Bureau has issued a new warning involving investment scams and something people may not be too familiar with — cryptocurrency.

Reports of investment scams hit an all-time high in 2023, according to the BBB.

Con artists will often use romance to lure you in – and oftentimes, they use cryptocurrency as well, according to the organization. It’s that layer of confusion that makes it easier for criminals to go undetected, the BBB explained.

The scam often starts with unsolicited investment advice through social media or WhatsApp. For instance, you should also be wary when someone you’ve met on a dating site or online mentions cryptocurrency or an investment opportunity and tries to sign you up.

In other cases, people sign up after seeing posts about investments on a friend or family member’s Facebook page. Unbeknownst to them, those Facebook pages have usually been hacked.

According to the …