National police in Spain warns of increasing fraud in connection with cryptocurrencies -
National police in Spain warns of increasing fraud in connection with cryptocurrencies -
The national police warned of a wave of cryptocurrency-related investment fraud in Spain. The amount that has been lost in such investments recently is € 240,000 in relation to only two symptoms. However, due to the popularity that these financial instruments are now experiencing, the complaints of citizens have increased.
National Police warns of crypto fraud in Spain
The Spanish national police have Citizens before the increase in fraud in connection with cryptocurrencies in the past few days. In the two newer complaints that the national police received, crypto investors lost € 240,000 (~ 278,385 $). These two complaints come from the city of Navarra.
This happens because the market is flooded by companies that offer investment opportunities in cryptocurrencies that guarantee a high return. In order to guarantee these returns, companies demand high amounts of money as an investment. Many of these companies have profiles on social media with thousands of followers who give these investors an impression of legitimacy.
You manage to tempt investors to invest money in these platforms, and then your digital platforms show a supposed growth of the invested capital for a while. However, if investors try to withdraw these funds, find that this is impossible. These platforms then require huge sums of money to withdraw money, and then the users know that they have been cheated.
How to avoid becoming the victim of a fraud
The national police gave a number of recommendations so as not to become the victim of an investment fraud. First, potential investors recommended that they find out about the background of the company or the platform, to which they entrust their funds. Users should make sure that these companies are solvable and that they are not mentioned in any warning by authorities on investment platforms.
However,should investors be involved in potential fraud, the police recommend that the authorities quickly submit a complaint. The police said: "The immediacy in the event of the crime committed makes the investigation easier."
The latest cryptocurrency boom was not strange. Local media that tribunale were flooded last June with crypto-related cases. But crypto fever has not penetrated into the highest investment spheres. In May the largest asset managers in Spain were still reluctantly Crypto.What do you think of the warning of the national police before fraud with cryptocurrency investments in Spain? Tell us in the comment area below.
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