The crypto boom has sparked a surge in social media swindles. Fraud is costing investors at least $25 million a week.
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Surging cryptocurrency prices are being used by scammers to lure local investors on to online “advice” and equity trading websites where they are stripped of their savings, say finance specialists.
Ray David, portfolio manager with Blackwattle Investment Partners, monitors the websites with his team to understand securities movements.
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Original URL: https://www.afr.com/wealth/personal-finance/the-crypto-investment-question-that-should-raise-red-flags-20240502-p5fodm
