The FBI is raising alarms about cryptocurrency fraud that has robbed some Americans of their savings.
According to ABC13, the bureau states that the ICHCoin project, which attracted victims under the pretext of cryptocurrency investment education, actually turned out to be a fraudulent scheme that siphoned millions of dollars from the wallets of U.S. citizens.
As FBI agent Amanda Culver explained, scammers have been deceiving people since December 2023 using the ICHCoin app, and have stolen around $30 million. Some victims have lost all their savings.
The scheme works as follows: the perpetrators reach out to potential victims through social media, offering cryptocurrency investment education and promising big profits. Then, the victims move to messaging apps, where they start receiving advice from so-called "professors." The victims are shown a fake ICHCoin trading platform that displays fictitious income data. When people try to withdraw their money, the accounts are blocked or the scammers stop responding.
The FBI is continuing the investigation and urges all victims to contact the bureau to provide information about the ICHCoin fraud.
