The FBI urges Americans to take precautions when it comes to this.
Financial institutions have developed mobile apps for users to monitor and increase their investments, the FBI said, but cybercriminals have noticed this trend and"seek to take advantage." According to the warning, fraudsters create fake apps using the names and logos of legitimate apps to make the scam more convincing, even going so far as to create bogus websites.
Unfortunately, many Americans have already fallen victim to these schemes. A total of 244 victims have been identified, with losses totaling approximately $42.7 million, the FBI said. Since the beginning of 2021, over 46,000 Americans have reported losses from crypto scams that total
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