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Crypto scams increasingly target victims on YouTube, WhatsApp, and Telegram

New Zealand’s Financial Markets Authority (FMA) has issued a warning regarding an investment scam operating through YouTube channels. The channels are being used to promote fraudulent crypto investment websites, targeting unsuspecting individuals. In a notice issued on Monday (Dec. 16), authorities warned about YouTube profiles posing as ‘crypto experts’ to lure viewers into joining private WhatsApp or Telegram groups under the guise of investment discussions.

 

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