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03/29/2022

Thinking about investing in cryptocurrency? Here’s how to avoid getting scammed

Hawaii News

HONOLULU (HawaiiNewsNow) - As cryptocurrency grows in popularity, it’s also become a tool for scam artists.

In its latest report, the Better Business Bureau says cryptocurrency fraud accounts for millions of dollars lost.

While many people have heard of popular forms of digital currency such as Bitcoin and Ethereum, the BBB says many don’t know enough about the currencies and are vulnerable.

“There is a lot of unknowns,” said BBB communications manager Roseann Freitas. “People do not know how it works, but they hear a lot of stories of really great returns on investment and people are curious. So they go ahead and jump into it without the understanding of what cryptocurrency really is.”

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