Cryptocurrency Q&A
What is a Zelle investment/cryptocurrency scam?
What is a Zelle investment/cryptocurrency scam?
DigitalLordGuard
Mon Nov 18 2024
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5 answers
965
A Zelle investment/cryptocurrency scam typically involves fraudsters using the Zelle payment platform to deceive individuals into making unauthorized transfers, often promising high returns on investments or cryptocurrency opportunities. These scams have resulted in significant losses for victims, with some reports indicating that fraudulent transactions on Zelle have amounted to hundreds of millions of dollars.
5 answers
Elena
Wed Nov 20 2024
The scammers convince their targets to invest using the Zelle payment app.
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Enrico
Wed Nov 20 2024
Investment and cryptocurrency scams are becoming increasingly prevalent.
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CryptoVanguard
Wed Nov 20 2024
After the victims transfer their money, the scammers either claim that the investment has lost value or simply disappear with the funds.
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Daniele
Wed Nov 20 2024
These scams often initiate through text messages or social media platforms.
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StormGalaxy
Wed Nov 20 2024
Scammers typically approach potential victims by claiming they have earned substantial profits through investments in cryptocurrencies like Bitcoin.
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