The citizens of Vermont have been recently cautioned by the state’s financial regulatory agency, the Department of Financial Regulation (DFR), regarding the increasing occurrence of crypto investment scams on widely used social media platforms.

The Vermont Department of Financial Regulation (DFR) attributes the surge in crypto scams to the crafty con artists who employ increasingly intricate and tailored strategies, utilizing layers of deception to lure victims.

As a result, Vermont residents have been urged to promptly report any instances of fraud to aid in minimizing financial losses and facilitating the identification and pursuit of the perpetrators.

Instagram: Top Platform For Crypto Scams As Identified By US Agency

Naum Lantsman, a 74-year-old individual, fell victim to a crypto …