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You can say this about scammers: They tend toward the trendy. As new products and services enter the marketplace, it’s not long before fraudsters find a way to exploit consumer interest in the innovation to make a quick buck. Cryptocurrencies are no exception, which is why the FTC is hosting a workshop in Chicago on June 25, 2018, Decrypting Cryptocurrency Scams.

We’ve already seen the traditional troika of deception – false money-making promises, misleading performance claims, and bad ol’ bait-and-switch – applied to promotions involving cryptocurrency. On June 25th, we’re bringing together consumer groups, law enforcement agencies, researchers, and private sector representatives to explore how scammers are exploiting the interest in cryptocurrency and what needs to be done to empower and protect consumers.

Decrypting Cryptocurrency Scams is free and open to the public. The conversation will begin at 1:00 Central Time at DePaul University, located at 1 East Jackson Boulevard, Suite 8005, in Chicago. Pre-registration isn’t required, but it would help us for planning purposes if attendees could send a quick “Count me in” email to fintechseries@ftc.gov. We’ll also webcast the event live so you can watch from your desk or phone.




 

4 Comments


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The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Your thoughts, ideas, and concerns are welcome, and we encourage comments. But keep in mind, this is a moderated blog. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. We expect commenters to treat each other and the blog writers with respect.

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Juarez L Goodrich Jr
May 22, 2018
This is great information for all interested in crypto currencies. The latest Financial booster. Thanks for the enlightenment. Juarez
James Dutton -…
May 22, 2018
What is the link to the webcast?
Dana Cosner
June 22, 2018
Yes, has the link to the webcast been published, yet?
lfair
June 29, 2018

In reply to by Dana Cosner

Immediately before the event starts on Monday at 1:00 Central Time, we'll activate a live webcast link near the top of the event webpage.  We'll also send out a Business Blog reminder on Monday morning.  Thanks for your interest in the workshop.

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