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Women Lose $50K In Crypto Scams After Clicking PM Facebook Ads
HomeNews* Two women lost nearly $50,000 in cryptocurrency Scams after responding to Facebook ads.
Police emphasize that individuals should exercise caution when engaging with unfamiliar links or advertisements online. Residents are encouraged to independently verify the legitimacy of any investment opportunity before sharing personal or financial information, according to police statements. Officers highlighted that cryptocurrency transactions are difficult to trace and reverse, making recovery of lost funds nearly impossible.
The method used by the scammers involved social engineering — manipulating victims into granting trust and following specific steps to transfer money using digital currencies. One of the cases started through a Facebook ad with a misleading endorsement from a public figure, which is a common tactic in online investment fraud schemes.
Officials remind residents that any unsolicited message, call, or email demanding urgent action should be approached with skepticism. Law enforcement continues to advise the public to contact organizations or financial institutions directly to confirm any requests or offers before taking action.
Cryptocurrency, also known as digital or virtual currency, operates on decentralized networks and is popular for its fast transactions. However, its anonymous nature makes it challenging for law enforcement agencies to track criminals and recover stolen funds.
Police stress the importance of awareness, urging the community to report suspicious online activity and to share warnings with friends and family.