The Massachusetts government believes that some scammers may create fraudulent crypto projects targeted at defrauding members of the LGBTQIA+ community. Authorities have warned that these scammers may take advantage of June’s status as the community’s Pride Month.
According to the government, these scammers are usually encountered on various dating apps, social media platforms, and other platforms, attempting to defraud community members of their assets.
The Massachusetts government issued this warning, citing an earlier warning by the Federal Trade Commission (FTC).
“Fraudsters may contact their victim impersonating a friend, partner, or family member asking for funds due to an emergency or debt.”
Scammers may also come with crypto opportunities that offer incredible returns in a short period.
Alternatively, scammers will develop new relationships with their targets, usually with romantic intentions, to receive monetary gifts and steal personal information.”
The warning stated that people might receive messages asking them to click links to contact cryptocurrency experts for advice.
The Massachusetts government noted in the warning that “once the scammer catches your attention with false promises or a sense of urgency, their goal is to steal personal information, money, or both.”
The warning also included tips on how to avoid falling for the scams.
“Never send or transfer funds to someone you don’t know or have never met face-to-face. Don’t share passwords or other sensitive information with anyone. Avoid clicking on links or opening attachments in unsolicited emails. Minimize the amount of personal details available on social media accounts.”
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