A Utah man who lost hundreds of thousands of dollars to a cryptocurrency scam has spoken out about his experience.
Brandon Larsen downloaded what he thought was a legitimate cryptocurrency app associated with a website he uses, CBS affiliate KUTV reported. Larsen later discovered the app was fake, and it had stolen his information.
“Unfortunately it was a lookalike app and I gave access to my digital wallet to a hacker,” he told the broadcaster.
Larsen lost $384,006 to the scammers. He said he does not expect to get his money back as it can be difficult to trace such transactions. He told KUTV: “I’ve shed a lot of tears, I’m not gonna lie.”
His story comes as cryptocurrency, a digital-only form of money, has exploded in popularity over recent months.
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