Samantha

The modernity of investing has increased accessibility and anyone can start investing at their own discretion – but it has also opened doors to fraudulent schemes especially in the crypto and forex landscapes. Often threatened with the threat of sophisticated scammers, victims within the investing industry have skyrocketed in the past few years.
Between January 2021 and June 2022, more than 46,000 thousand people lost about <a href="https://time.com/personal-finance/article/popular-crypto-scams/" target="_blank" rel="noopener noreferrer nofollow">$1 billion</a> to crypto scams in the US alone.
In November 2023, Inferno Drainer, a popular digital wallet-draining service, <a href="https://time.com/personal-finance/article/popular-crypto-scams/" target="_blank" rel="noopener noreferrer nofollow">shut down</a> its operations after stealing approximately $71 million from its users.
The proliferation and impacts of such crypto and forex scams are being challenged by agencies such as <a href="https://www.broadoak-capital.com/" target="_blank" rel="noopener noreferrer nofollow">Broadoak Capital</a>. The company offers their clients viable financial advice and how to prevent from being scammed by fraudulent platforms and also provide advice on recovering any lost funds, giving their clients the full breadth of what sort of documentation they need to hold on to in every investment to prevent financial losses.
<h2 class="wp-block-heading" id="strong-into-the-mind-of-a-scammer-strong">Into the mind of a scammer</h2>
Scams might all share the same modus operandi, but the methods might vary and this means that no two scams are exactly the same, which is why investors should maintain constant vigilance, even when investing through a reputable platform.
There have been reports of fake websites or links that lead you to believe that you are on an official brokerage platform when in fact it is set up solely to steal your personal information that may be used to squirrel funds from your accounts.
According to Broadoak Capital, it is very important to double and triple check that you are on a verified platform before you key in any details and the same goes for banking or social media.
Transparency is highly valued by Broadoak Capital and the company does not believe in gatekeeping valuable information that may be able to prevent scams from taking place.
<h2 class="wp-block-heading" id="strong-a-trusted-partner-in-safeguarding-finances-strong">A trusted partner in safeguarding finances</h2>
One of their clients, Samantha Fox, shared that, “Since I’ve been scammed I was already in a fragile position, which they considered legitimate and understandable.” She had lost over $574,000 and the team at Broadoak Capital was able to guide her in recovering her funds while providing insights into how to further prevent falling victim to scams.
The safety measures that are taught at Broadoak Capital are meticulously designed for each client so that they are able to safeguard themselves against future plots to part them with their money.
As Mary Grey, another one of their clients, said, “They are extremely dedicated to the process of data collection, analysis and eventually providing the best outcome possible.” Team’s gentle guidance is something that she commends as they are empathetic and kind while able to impart useful knowledge.
<h2 class="wp-block-heading" id="strong-protecting-investments-strong">Protecting investments</h2>
One of the main reasons crypto scammers are successful is that consumers are not always knowledgeable about digital assets and forex, making them susceptible to fraudulent schemes and people who are ready to exploit their naivete.
But Broadoak Capital’s intervention is not just reactionary for its clients. The company provides intelligence and risk analysis that underscores the necessity of vigilance and due diligence in the volatile crypto market and they welcome all potential investors to call upon them for tips and tools in navigating the perilous waters of investing.
The company also provides insights into <a href="https://www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp" target="_blank" rel="noopener noreferrer nofollow">common cryptocurrency scams</a>, including demanding crypto-only payments, anonymous or fake identities, digital collectables and games, cryptocurrency investment schemes, romance scams, and phishing scams. Broadoak Capital underscores the importance of investor vigilance and adherence to best practices to protect against these threats.
As the financial landscape evolves, Broadoak Capital remains at the forefront, providing a beacon of hope for those seeking to protect what is rightfully theirs.
The post <a href="https://captainaltcoin.com/broadoak-capital-leads-the-charge-against-crypto-fraud-through-awareness-campaigns/" rel="noopener noreferrer nofollow">Broadoak Capital leads the charge against crypto fraud through awareness campaigns</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.

Broadoak Capital leads the charge against crypto fraud through awareness campaigns

Table of Contents

CaptainAltcoin

Other articles published on Jan 9, 2024

The potential rise: how these two tokens might eclipse XRP during the upcoming bull market

All eyes on Bitcoin’s price as SEC’s decision on spot ETF approaches

Bitcoin Price Marks First-Ever “Golden Cross” During ETF Hype

Celsius pays over $90m to Coinbase and FalconX via unstaked Ethereum

Wemade to attend Taipei Game Show this month

Is It Too Late to Buy Bitcoin SV? BSV Price Shoots Up 25% as Meme Kombat Approaches Launch

Join our free newsletter for daily crypto updates!