FBI warns about fake cryptocurrency apps

By Christopher Hutton

Published July 19, 2022 2:18pm ET

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FBI warns about fake cryptocurrency apps — In this 2014 photo, Bitcoin logos are displayed at the Inside Bitcoins conference and trade show in New York. Because of how cryptocurrencies like Bitcoin are mined, they have unique digital identities. And that design is something law enforcement and regulators can exploit to identify people using cryptocurrencies to hide illegal activity. (AP Photo/Mark Lennihan, File) | Mark Lennihan

The FBI has warned financial institutions and investors about the increased risks of fake cryptocurrency apps.

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Cryptocurrency Cybersecurity FBI Waste and Fraud