COLORADO SPRINGS —Have you heard of cryptocurrencies? Some people believe that online currencies like Bitcoin will be the currency of the future. As more people come to believe in its value, they invest in it and make money. News5 is learning as cryptocurrencies grow in popularity, and so does the number of scams.
Cybercriminals have found a way to leak people’s crypto accounts in just a few seconds, and there is no easy way for victims to recover their funds.
The Federal Trade Commission states that since October 2020, cryptocurrency investment fraud has hurt more than $ 80 million for Americans. 44% of victims are between the ages of 20 and 39.
The Vidovic family has learned the devastating consequences of the annihilation of cryptocurrencies. They didn’t know their assets were at stake until someone leaked nearly $ 170,000 of cryptocoins from their online accounts.
Criminals used what was called a “SIM swap” to hack Vidovics’ Coinbase…