Investing in cryptocurrencies is growing popular worldwide, as investors are trying to gain profit from the volatile market. However, fraudulent activities in this field have increased as well, leaving people to lose their funds. Recently, a Thames Centre resident lost a substantial sum of $110,000 investing in a fraudulent cryptocurrency website after being convinced by a stranger on a social media app. It is necessary to be cautious when someone you don’t know over the internet pitches investment opportunities. The police are investigating the incident, and we advise investors not to fall for such schemes and invest their money safely in legitimate and insured platforms. A good tip would be to not trust anyone online until you are verifying their identity and confirming that their offering is legitimate.
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