Consumers warned on crypto as complaints about banks soar

11 comments
  1. “acting ombudsman MaryRose McGovern said.

    In one complaint highlighted by the ombudsman, a woman borrowed €20,000 to make an investment in what she believed was cryptocurrency and later discovered it was a scam.

    In another case, a man lost €60,000 over a three-month period when he instructed his bank to transfer funds to what he believed was an investment platform, but which turned out to be a fraudulent company.

    In a third example, one man lost €29,000 when he was tricked into using an incorrect Iban to transfer funds.”

    Sounds like she was conned by a third party.

  2. To be honest, sounds like their own stupidity was to blame and not cryptocurrency.

    “In one complaint highlighted by the ombudsman, a woman borrowed €20,000 to make an investment in what she believed was cryptocurrency and later discovered it was a scam.

    In another case, a man lost €60,000 over a three-month period when he instructed his bank to transfer funds to what he believed was an investment platform, but which turned out to be a fraudulent company.

    In a third example, one man lost €29,000 when he was tricked into using an incorrect Iban to transfer funds.”

  3. Nobody talks up their own book quite like the crypto bros.

    In saying that, it would appear that the people referenced in the article were scammed- in another life time they’d have been buying fake tulip bulbs

  4. I bet some of these are those dodgy ads you see on Facebook, with insert random celebrity (I’ve ones showing Tommy tiernan and Pat Kenny)

    X Celebrity found a way to make money with crypto , Banks hate him !

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