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Utah man loses $384,000 in cryptocurrency scam

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Fraudsters internet $380K+ from man utilizing pretend cellular app for cryptocurrency.

SOUTH JORDAN, Utah (KUTV) — A South Jordan man needs to warn others after a scammer swindled him out of lots of of hundreds of {dollars}.

The cash was invested in cryptocurrency, and crooks are keen to focus on newbies as extra be part of the craze.

“I’ve shed quite a lot of tears, I’m not going to lie,” mentioned Brandon Larsen.

The whole he misplaced: $384,006 and a few change.

The issue turned out to be a pretend cellular app that stole his credentials. He makes use of an trade to commerce bitcoin and different digital currencies and wished to have the ability to apply it to his cellphone. Nevertheless, the trade didn’t also have a cellular app.

“Sadly it was a look-alike app,” he mentioned, “and I gave entry to my digital pockets to a hacker.”

Larsen mentioned you need to watch out about trusting folks, with scammers trying to revenue. Regardless of his loss, he’s not getting out of the sport.

“There’s nonetheless an incredible alternative to generate profits in crypto,” he mentioned, “and I’m nonetheless going to make the most of that.”

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