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It's harder than ever to detect investment scams — here’s how to avoid falling victim

Summary by Collingwood Today

MONTREAL — Melanie McGovern was scrolling through her Instagram feed in February 2024 when she saw her 16-year-old niece had sent her a message. “I accepted it. And then the account reached out and asked me for money.

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It’s Harder Than Ever to Detect Investment Scams—Here’s How to Avoid Falling Victim

Melanie McGovern was scrolling through her Instagram feed in February 2024 when she saw her 16-year-old niece had sent her a message. “I accepted it. And then the account reached out and asked me for money.” McGovern knew her niece as a responsible teenager, and they rarely corresponded via that social media platform. She was skeptical. “So I texted my sister-in-law and said, you know (her) Instagram has been hacked?” For McGovern, a spokeswoman…

1 day ago·New York, United States

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burlingtontoday.com

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It's harder than ever to detect investment scams — here’s how to avoid falling victim

1 day ago

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Tron Weekly Journal

83% Of Investors Have Fallen Victim To Scams Or Hacks

83% of cryptocurrency investors have experienced scams or hacks at least once, with average losses reaching $2,622 per person. Crypto exchange users have lost over $27 billion due to hacks. 64% of hacking activities targeted decentralized exchanges (DEXs); the financial damage on centralized exchanges (CEXs) was 27 times greater. This highlights the vulnerabilities in both types of platforms and shows the need for stronger security measure…

19 hours ago

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