In new bitcoin bull market, it's time to beware of the same old crypto scams

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With bitcoin recently trading near $100,000, cybercriminals will be circling the wagons and preying on FOMO among investors.

The massive spike in the price of bitcoin will create urgency around investing in crypto and scammers use that sense of urgency to steal, according to the Identity Theft Resource Center.

Workplace wellness expert: My top 3 tips to get ahead of holiday stress—'It's such a crazy time of year' "Elon Musk is not going to double your money if you send him crypto," said Merrick Theobald, vice president of marketing at BitPay, a cryptocurrency payment service. But there might be a letter missing in the URL and if you click on it, you'll see something that looks very much like the homepage of the reputable site, confusing people more, Greenberg said. In reality, crypto owners are plugging in their credentials on a fraudulent site."Before you realize you've signed on to a fake site, your money is gone," Greenberg said."There's no way to do a dispute like you can with a credit card.

 

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