Crypto Scammers Are Taking Advantage of High Inflation and Cost-of-Living Crisis | CoinMarketCap

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Crypto Scammers Are Taking Advantage of High Inflation and Cost-of-Living Crisis | CoinMarketCap
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Crypto scammers are taking advantage of the cost-of-living crisis to dupe unsuspecting consumers, British officials have warned. 😟

Crypto scammers are taking advantage of the cost-of-living crisis to dupe unsuspecting consumers, British officials have warned.

From here, they're often given fictitious balances that make it seem like the value of their digital assets has surged substantially. But as soon as they try and withdraw funds, problems begin. "We are concerned that, in current economic circumstances, people could be tempted to invest in fake investments."we told you the story of a British man who deposited $24,000 into one of these fraudulent cryptocurrency platforms — and was later told that his investment was worth just $23.16.

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