Key Warning Signs
- Promises of guaranteed high returns
- Pressure to act quickly
- Requests for cryptocurrency payments
- Unsolicited investment opportunities
The Federal Trade Bureau (FTB) today issued a consumer alert warning about a surge in sophisticated cryptocurrency investment scams targeting retirement savings. These scams have resulted in over $1 billion in reported losses in the first half of 2025.
How the Scam Works
Scammers are creating elaborate fake investment platforms that appear legitimate, complete with professional websites and mobile apps. They often approach victims through social media, dating apps, or professional networking sites, building trust over time before suggesting cryptocurrency investments.
Protect Yourself
- Never send cryptocurrency to someone you've only met online
- Be wary of promises of guaranteed returns
- Research investment opportunities thoroughly
- Don't trust testimonials on the investment website
- Be skeptical of claims about "insider information" or "new trading algorithms"
Report Scams
If you've been targeted by a cryptocurrency scam, report it immediately to the FTB at cryptofraud@ftb-sec.org or visit our online reporting portal.