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CFTC warns of potential dangers for messaging app users

Image of a person holding a mobile phone showing several apps.
Photo: Matt Cardy/Getty Images

The CFTC issued a customer advisory alerting messaging app users to beware of schemes to defraud them of assets, especially crypto assets.

The Commodity Futures Trading Commission’s (CFTC’s) Office of Customer Education and Outreach has released a customer advisory alerting messaging app users to beware of schemes to defraud them of assets, specifically crypto assets.

Fraudsters are exploiting the default settings of commonly used messaging apps, telephone networks, and mobile devices