Worried About Crypto Exchange Losses? Don’t Pay Money for “Help” Recovering Money

The failure of a major cryptocurrency exchange has wiped out many crypto investors, and it could lead to potential scammers looking to cash in. Find out how to avoid them. 

Some scammers offer so-called recovery services to people who have lost money to fraud. If you’ve lost money in crypto, scammers might try to convince you they can get your money back. (Spoiler alert: they can’t.) They’ll impersonate the government, a company, or another organization saying that they can help you recover all that money. They’ll make up lots of stories to convince you they will. But first, they’ll tell you to pay them a fee. Or give them your financial information so they can put those lost funds back into your account. But if you do either of these things, your money will be gone. (Read More)

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