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This compensation may impact how bitcoin and other cryptocurrencies.

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In some cases, the fraudsters claim to invest customers' funds in proprietary crypto trading systems or in �mining� farms. The fraudsters. Crypto Fx Fast Mining is. Jonathan was sucked in by a scam on Instagram promising easy riches. It ended up costing him and his friends more than $

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The victim thought he was investing in cryptocurrency through the website osoptionsexhchange. Two separate Californian consumers have filed complaints with the DFPI after losing money they believed would be invested in cryptocurrency. These scams can, of course, start with an unexpected text, email, or call, too. Scammers like to use Bitcoin and other cryptocurrencies because transactions are irreversible and don't require disclosure of personal details.