The victims of a crypto fraud targeting internet acquaintances lose billions
Join Our Telegram channel to stay up to date on breaking news coverage When Brett Vincent made a roughly $200,000 investment in cryptocurrencies through a person he befriended on LinkedIn in the fall of 2021, promised profits of up to 20%, he had little knowledge of the technology. Just a few weeks later, the 46-year-old logistics manager outside of Memphis discovered what a costly error he had made when his crypto investment account was frozen. Since then,Vincent has been playing catch-up. His later investigation discovered that tens of thousands of people were conned by the crypto currency investment scheme that got him. Experts estimate that it has cost them billions of dollars, far exceeding earlier projections from federal agencies. According to a recent research that digital asset intelligence company Inca Digital made, victims lost more than $500 million on only one of the three blockchains targeted by con artists in the final nine months of 2022 alone. Ian Schade, a ...