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Millions lost on cryptocurrencies - Police warn against scammers

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This spring, two people lost a total of NOK 4 million in cryptocurrency scams. Police are concerned about this trend and want to warn others.

Both people lost NOK 1,8 and 2,2 million, respectively, after being tricked by dishonest players into investing in cryptocurrency. Police are now asking people to be vigilant and warning against people or services that offer to invest in cryptocurrency via social media.

- Our most important advice is not to invest your money via email, Facebook or other social media links, says Police Chief Knut Johannson Ødegaard.

Advertising on Facebook

Both reported losses, but police said the money was probably gone for good.

Police say the scam may start with Facebook advertising that promises a good return on investment. Then you leave your contact details, the scammers contact you by phone. Police say that the moment you transferred the money, you lost control of it.

- Never invest in cryptocurrencies via social media ads or emails, police headlines in a press release. Here they further point out that no serious gamer uses apps like Messenger or WhatsApp to chat with their customers.

. Violent interest

At the same time, the police remind people that you should never give anyone your personal password or bank ID. We ask everyone to talk to family members about what they are doing online.

Police Tips:

  • Be interested in what family members are doing online and talk to them about finances.
  • Never give out your personal password or BankID to anyone - not even your family or the police
  • Never invest in cryptocurrencies through social media advertising or emails
    Don't let others remotely control your computer with programs like ANYDESK - don't download such programs
  • No serious gamers chat with customers in applications like "WhatsApp", "Messenger" or similar chat services
  • If you are buying cryptocurrency, do so safely through Finanstilsynet approved Norwegian cryptocurrency exchanges
  • Make sure you understand what you are investing in and do not invest funds that you cannot afford to lose
  • When in doubt, call your local police for advice

Interest in cryptocurrencies has skyrocketed in recent years, and Bitcoin in particular has seen a sharp rise in value. Bitcoin's price has swung sharply and has peaked at $ 60 earlier this year. The cryptocurrency market is volatile and is more easily influenced by external factors than many other investments. As of this writing, Bitcoin stands at $ 000.

- If you are buying cryptocurrency, do so safely through Norwegian crypto exchanges approved by Finanstilsynet. Police inform.

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