FBI Cracks Down on Cryptocurrency Scams

WASHINGTON: The FBI is ramping up efforts to protect Americans from cryptocurrency investment scams, which have caused significant financial and emotional distress nationwide. To tackle this growing threat, the agency launched Operation Level Up, a proactive fraud prevention initiative designed to identify and warn victims before they suffer major losses. Early Warnings Save Victims Millions Since its launch, Operation Level Up has alerted more than 4,300 victims across all 50 states, with a staggering 76% unaware they were being scammed. Thanks to these interventions, the FBI has prevented over $285 million in potential losses. Many victims were on the verge of selling their homes or liquidating retirement savings, making timely warnings crucial. How Crypto Scammers Operate Scammers typically initiate contact online through social media or messaging apps. They build trust over time before pressuring victims into fake investment opportunities. Fraudsters create a sense of urgency, pushing victims to send large sums of money. Most of these scams originate overseas but specifically target U.S. individuals. The FBI warns that fraud tactics are evolving rapidly, making awareness essential. FBI’s Response and Global Coordination FBI and U.S. Secret Service agents personally reach out to identified victims. They provide guidance on recognizing scams and filing official reports. Victims are offered mental health support and financial recovery resources. The FBI collaborates with international agencies to track fraudsters. Tech companies are notified to shut down fraudulent websites, apps, and accounts. How to Protect Yourself from Crypto Scams ✅ Never share personal or financial details with strangers online. ✅ Avoid investing based on advice from unknown online contacts. ✅ Do not download unfamiliar apps or click on suspicious links. ✅ Beware of platforms that require extra fees to withdraw funds. ✅ Be skeptical of "recovery services" promising to retrieve lost cryptocurrency. FBI’s Warning: Stay Vigilant Scammers may try to convince victims to ignore FBI warnings. If someone instructs you to avoid law enforcement, it’s a red flag. The FBI never requests money, private messages, or banking details. If in doubt, verify the agent’s identity or contact your nearest FBI field office for clarification. Report Crypto Fraud Immediately If you suspect you’ve been targeted: 📍 Stop sending money immediately. 📍 Report the scam to the FBI’s Internet Crime Complaint Center (IC3) at ic3.gov. 📍 Call 1-800-CALL-FBI for assistance. By staying informed and alert, you can help prevent further financial losses and put an end to these fraudulent schemes. https://pulsenews.network/2025/02/fbi...