Recently, there was news about the ICHCoin crypto scam, which has scammed around $30 million from users across the US. The scammers primarily use Facebook and Instagram to find potential victims, pretending to be crypto experts offering advice to lure them in. Eventually, they move to WhatsApp to finalize their pitch and convince the victims to invest.

This scam started back in December 2023 and has targeted around 600 individuals, with many losing large amounts of money -some even their entire savings. If we do a bit of math, that $30 million divided by 600 victims averages out to $50,000 each, showing just how effective and targeted their approach is. Scammers like this will likely continue to operate, but hopefully, we can see a decrease in these scams by educating ourselves and staying aware. Newbies should be especially cautious of these tactics.

Full story here.

https://cryptonews.com/news/fbi-investigates-ichcoin-crypto-scam-costing-victims-millions/