{"id":15787,"date":"2024-08-23T19:49:29","date_gmt":"2024-08-23T19:49:29","guid":{"rendered":"https:\/\/coastccu1dev.wpenginepowered.com\/?p=15787"},"modified":"2024-08-23T19:49:39","modified_gmt":"2024-08-23T19:49:39","slug":"cryptocurrency-scams","status":"publish","type":"post","link":"https:\/\/www.coastccu.org\/cryptocurrency-scams\/","title":{"rendered":"Cryptocurrency Scams &#8211; What You Need to Know"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Crypto is the new frenzy for both investors and scammers. Be wary of social media advertisements that promote cryptocurrency investment and promise a guaranteed return. A regulated and reputable provider would never make this promise. If you\u2019re unsure of the validity of a cryptocurrency company, contact the company using the information listed on the organization\u2019s website.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">This type of scam capitalized on the excitement surrounding cryptocurrency, and it has yielded significant financial losses. Thousands of people have lost a cumulative\u00a0$1 billion in crypto,\u00a0a six-fold increase from 2018.<\/span><\/p>\n<p><b>How to protect yourself:\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be wary of any individual or company that only takes cryptocurrency as a form of payment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Always keep your personal and banking information and digital wallet safe. Don&#8217;t share your details with anyone.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t feel pressured or rushed into investing your money. Do some research to see if what you&#8217;re investing in is legitimate. Learn about your options and ask questions.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Crypto is the new frenzy for both investors and scammers. Be wary of social media advertisements that promote cryptocurrency investment and promise a guaranteed return. A regulated and reputable provider would never make this promise. If you\u2019re unsure of the &hellip;<\/p>\n","protected":false},"author":21,"featured_media":15788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":""},"categories":[15],"tags":[],"class_list":["post-15787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fraud-security"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cryptocurrency Scams - What You Need to Know - Coast Central Credit Union<\/title>\n<meta name=\"description\" content=\"Crypto is the new frenzy for both investors and scammers. Be wary of social media advertisements that promote cryptocurrency investment and promise a guaranteed return. 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