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Most work-from-home jobs are tricks to steal your crypto, Warns FBI

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By Jerry Walters - - 5 Mins Read
A person working on programming codes on several computers
Photo | Jefferson Santos

Working from home sounds like a dream, doesn't it? You can ditch the daily commute, work in your pajamas, and enjoy more flexibility.


But be careful – some too-good-to-be-true remote job offers might actually be scams designed to steal your cryptocurrency.


The Rise of Fake Work-from-Home Scams


The FBI recently warned about the rise of fake work-from-home jobs that trick you into paying fees in crypto. These scams are getting smarter and harder to spot. Here's how they typically work:


You come across a job listing promising easy tasks like rating restaurants or clicking buttons to "optimize" services. At first, it seems legit – you might even see fake earnings piling up on a mock dashboard.


But then comes the catch: to withdraw your "earnings," you're asked to pay a small fee in cryptocurrency. That fee goes straight into the scammer's pocket, and poof – they disappear with your crypto.


A Cautionary Tale And The Risks of Remote Work


Sarah, a freelance writer, fell for one of these scams. She was offered a side gig rating local restaurants by clicking on a website.


After a week, she saw her earnings on a fake dashboard and was ready to cash out. That's when the scammers asked her to pay a small crypto fee to unlock her "money."


Sarah learned the hard way that her crypto went straight to the scammers, and she never heard from them again.


With more people working remotely (about 28% of the global workforce by the end of 2023, according to Statista), scammers have a broader pool of potential victims.

Woman working as a virtual assistant
Virtual assistant working from home | LinkedIn Sales Solutions/Unsplash

Even families like the Freis, who moved from Switzerland to Bali for a better lifestyle, could be targeted with tempting remote job offers.


Crypto scams, in general, are on the rise. In 2023 alone, the FBI saw a 53% jump in crypto-related fraud, with losses soaring from $2.57 billion in 2022 to $3.94 billion.


Romance scams, where scammers build fake online relationships to gain trust and then coax victims into sending crypto, are widespread.

Staying Safe from Scams


So, how can you protect yourself? Here are some tips:


  • Research extensively before applying for any job. Check the company's website, reviews, and professional profiles.
  • Never share sensitive information like your Social Security number or bank details unless you're 100% sure the employer is legitimate.
  • Trust your instincts. If something feels off, it probably is.


Watch out for job scams on popular platforms like LinkedIn, Indeed, Facebook, Twitter, and Instagram. Scammers create fake profiles and listings to lure you in and steal your personal information or money.


The remote job market is full of opportunities, but it's also rife with risks. By staying informed and cautious, you can protect yourself from falling victim to these dangerous scams.


Remember, if an offer seems too good to be true, it probably is. Keep your cryptocurrency safe and trust only verified, legitimate job opportunities.