In 2023, roughly $10 million was lost to digital fraud scams in Essex County, Massachusetts.
Amid the growing popularity of digital scammers, it's important to know the warning signs to avoid it happening to you.Financial fraud cost victims just about $10 million in Essex County last year, according to a statement released by the county's district attorney Paul Tucker, who urged citizens to keep their eyes open to and report increasingly common crypto scams..
“In many of these scams, users are directed to send the cryptocurrency to the scammer’s digital wallet, and because these transactions are instantaneous, there is no clawback period and perpetrators can instantly transfer funds,” said Tucker. Crypto scams have become a popular method for criminals to swindle their victims. These scams are especially prevalent among older victims. The FBI reported that in 2023,Keeping an eye out for the warning signs can help protect you from digital fraud involving Bitcoin or other cryptocurrencies. These signs include directions to remain on the phone while making transactions and instructions to keep it a secret from others.
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