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Fake Betterment Alert: Don't Send Your Crypto!
10 Jan
Summary
- Users received fake Betterment notifications promising to triple crypto.
- The fraudulent messages directed users to send funds to specific crypto wallets.
- Betterment confirmed the messages were unauthorized and from a third-party system.
A cryptocurrency scam recently ensnared some Betterment users with a fraudulent offer to triple their digital assets. On Friday, individuals reported receiving suspicious notifications via the Betterment app and email, falsely claiming a promotion to triple Bitcoin and Ethereum deposits. These deceptive messages provided specific wallet addresses for users to send funds, promising a threefold return within a three-hour window.
Betterment quickly responded to the incident, confirming that the "triple your crypto" promotion was an "unauthorized message" disseminated through a third-party communication system. The financial company explicitly stated that the offer is not legitimate and urged recipients to ignore it entirely. This swift clarification aimed to prevent users from falling victim to the scam.
The company has apologized for the confusion and potential distress caused by the unauthorized outreach. While the exact source of the breach is under investigation, the incident highlights the ongoing risks associated with third-party systems and the importance of verifying such offers directly with the financial institution.
