Don’t Fall Victim to the Latest Crypto Scam: FBI Warns of Fake Games & Rewards

• The FBI is warning of a new game-based crypto scam that’s making its way through illicit circles.
• Criminals contact victims online and introduce them to an online or mobile game in which players purportedly earn cryptocurrency rewards for completing certain tasks.
• Victims are then tempted with phony rewards, and when the deposits stop, their wallet is drained, leaving the scammers with the money.

FBI Warns of New Crypto Scam

The Federal Bureau of Investigation (FBI) has announced that a new way of tricking crypto fans and investors is making its way through illicit circles. Many new pay-to-earn crypto platforms are ultimately stealing digital assets from those willing to try and invest or take part in company services.

How it Works

Criminals contact victims online and build a relationship with victims over time. They then introduce victims to an online or mobile game, in which players purportedly earn cryptocurrency rewards in exchange for some activity, such as growing ‚crops‘ on an animated farm. Victims are then tempted with phony rewards, and when the deposits stop, their wallet is drained, leaving the scammers with the money.

Red Flags

This is a major red flag for any investor given how volatile and speculative the digital currency trading scene can be. There is absolutely no way to guarantee returns of any kind given that the market is consistently up and down, and there’s no way to predict where things will go. Already, millions of dollars in crypto have been stolen due to these scams, according to the FBI’s statement.

Romance Scam Similarities

The process works similarly to a romance scam: instead of trying to find a romantic partner, this time around criminals are looking for gaming partners who might be interested in new opportunities. Criminals contact potential victims online and build relationships before introducing them to games supposedly offering huge financial rewards if they complete certain tasks within them.

Protect Yourself

It’s important for all crypto fans and investors out there to keep their eyes open for potential scams like these when engaging in digital currency trading activities. Make sure you do your due diligence before investing anything into any platform or asset – especially if it seems too good to be true!