Since he was overseas, the chances of retrieving her money were slim. When she contacted the OSC, she learned the person she’d dealt with was subject to previous enforcement action. Weeks later, Emma discovered all her money was transferred overseas. She also downloaded an app the company said would make the investment process easier for her.Įmma thought she was wisely investing a small amount from a recent $1 million inheritance. She provided her bank account number to the crypto trading platform. The company’s professional looking website made Emma feel confident about investing with them. Consider Emma’s experience (based on real events):Įmma became interested in crypto investing after reading articles condemning traditional market returns and promoting crypto as a smart alternative. On social media, she was enticed by an ad promising huge annual returns of 502%. But remember that new investing technologies, like crypto trading platforms, still come with the same old cautions: buyer beware. And you may be curious about whether investing in crypto could lead to a windfall. ![]() You’ve likely seen news stories about the changing value of various crypto currencies and other crypto assets.
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