A Lafayette man lost his life savings to BitXF, a website claiming to be a cryptocurrency investment exchange. An expert told WRTV that the website was 'darn near 100 percent' a scam.
He invested more than $9,000 in a cryptocurrency website. He lost it all and what was their life savings.Cryptocurrency is a form of digital asset and is created by companies or individuals, usually taking the form of a virtual coin or token. Digital assets are intangible and generally exist only electronically, according to the Indiana Attorney General’s office.
“After reviewing the system feedback from the department, you only need to continue to deposit the LTC or BTC worth 2368 USDT for final verification, and your withdrawal authority will be fully unlocked,” the email from BitXF read. “In addition, the British Columbia Securities Commission has had no contact with any crypto-asset exchange or platform that goes by that name,” a statement from BCSC read.WRTV Investigates showed the website to Tim Sewell, CEO and co-founder of Reveal Risk, a Carmel-based cybersecurity consulting company.“Customer service is misspelled,” Sewell said. “That’s usually one that websites will get right.
“You can pull these from a hundred different sources at any point in time and it's probably a drag and drop into the webpage,” Sewell said. “It's extremely easy. There are a number of ways to go clone a legitimate website."“Based on the website and what we're seeing here, I’d say it's darn near 100 percent chance,” Sewell said.“They are hot right now,” Jennifer Adamany, spokesperson for the BBB Serving Central Indiana, said.
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