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FBI Warns Public Against Scammers Posing as Crypto Exchange Workers

August 09, 2024 at 09:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Bitcoin and other leading cryptocurrencies, including XRP, Ethereum and Solana, have seen a significant decline this week, mirroring the downturn in the stock market, which could potentially worsen. The price of Bitcoin has fallen to around $60,000 after reaching $70,000 only a week earlier. Similarly, XRP, Ethereum and Solana have also experienced drops, collectively erasing $300 billion from the cryptocurrency market since the end of July.

As traders prepare for a potentially significant impact on Bitcoin stemming from actions by U.S. presidential candidate Donald Trump, the FBI has issued a stern warning regarding cryptocurrency scams. The FBI cautioned about scammers pretending to be employees of cryptocurrency exchanges with the…

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