Spotlight: Cryptocurrency Scams

Abstract

This document gives information on cryptocurrency scams. While there are legit uses for digital currency, cryptocurrency (crypto) is a popular payment method used by scammers. Crypto is not backed by the government and is not insured like money deposited into a bank. Investments and payments involving crypto do not come with the same legal protections if something goes wrong. It’s like sending someone cash and payments typically are not reversible.