🚨 SEC Alert! 🚨 The SEC warns of rising crypto romance scams targeting investors on social media and dating apps. Fraudsters build trust over time, then lure victims into fake crypto investments, leading to major financial losses.
With nearly 70,000 complaints and $3.96B in losses reported by the FBI in 2023, it's crucial to stay vigilant. The SEC, alongside the CFTC and FINRA, is pushing for investor education during World Investor Week 2024.
Emerging tech like AI and social media influencers complicate the landscape, but knowledge is power! Stay informed and protect your investments. 💡 #CryptoScams #InvestorAwareness