The FBI issued a warning to U.S. investors and financial institutions about cyber criminals targeting cryptocurrency markets with fraudulent schemes, resulting in hundreds of people losing millions of dollars in these activities.
“The FBI has observed cyber criminals contacting U.S. investors, fraudulently claiming to offer legitimate cryptocurrency investment services, and convincing investors to download fraudulent mobile apps, which the cyber criminals have used with increasing success over time to defraud the investors of their cryptocurrency. The FBI has identified 244 victims and estimates the approximate loss associated with this activity to be $42.7 million,” the agency said in the report (pdf) published on July 18.
