Bank3 Technology Tip: Cryptocurrency Investment Scams

Crypto investment scams cost Americans billions of dollars. The scammers start small with confidence or romance scams and gradually work up to demanding even larger “investments” from their victims. The ABA Banking Journal podcast (sponsored by Alkami), officials from the FBI’s Criminal Investigative Division and the Commodity Futures Trading Commission recently hosted a podcast episode breaking down how these scams work, typologies, and red flags for bankers to look out for.  Check out this new educational infographic on these scams produced jointly by the ABA Foundation and several government agencies.

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