In a troubling incident, Betterment, a widely used financial app, has warned its customers about a fraudulent text message that circulated recently. The unauthorized communication, which originated from a third-party marketing system, urged users to transfer $10,000 to designated Bitcoin and Ethereum wallets with the false promise of tripling their cryptocurrency holdings.
In an official statement, Betterment clarified, “Earlier this evening you may have received a message referencing a crypto-related Betterment promotion. This was an unauthorized message sent via a third-party system we use for marketing and other customer communications.” The company expressed regret for any confusion this situation may have caused its users.
A screenshot of the deceptive message shared on Reddit showcased a bold claim: “We”ll triple your crypto! (Limited Time)” It falsely indicated that Betterment was celebrating its most successful year by offering to triple deposits of Bitcoin and Ethereum for a limited time of three hours. To enhance its credibility, the message included specific wallet addresses for users to send their funds.
Betterment has taken steps to warn its user base about the scam, advising them to disregard any correspondence related to this supposed crypto promotion. It is critical for users to remain vigilant and recognize that this was not an authentic offer from the company and should be ignored entirely.
This incident highlights the ongoing risks associated with cryptocurrency investments and the need for constant awareness of potential scams. Users are urged to verify any promotional messages directly through official channels to protect their assets effectively.
