At EECU, the safety of your information and assets is our top priority. To help protect yourself against fraud attempts, it is imperative to stay informed and know how to identify a potential scam.
Today, many fraudsters are using fake cryptocurrency investments to scam victims out of their money.
In such cases, scammers will identify and contact their victim, often pretending to be financial advisors, romantic interests, or long-lost friends. The scammers will spend weeks or months gaining their victim’s trust, with the aim of luring them into investing in fraudulent cryptocurrency platforms. The scammers will promise huge returns for their victim’s investments, however, once the victim has bought the cryptocurrency, the fraudsters will disappear, taking the victim’s money with them.
Red Flags to Watch For
- Unsolicited Messages – Scammers often reach out via text, social media, or email, pretending to have the wrong number or offering a "too-good-to-be-true" investment opportunity.
- Fake Identities – They may create social media profiles with stolen photos, build elaborate stories, or even impersonate someone you know.
- Pressure to Invest – They will try to convince you to act fast before you "miss out" on an exclusive opportunity.
- Requests for Personal Info – Be wary if someone asks for sensitive details like your bank account, Social Security number, or passport to “verify” your identity.
- Difficulty Withdrawing Funds – If you’re unable to withdraw your supposed earnings, you’ve likely fallen into a scam.
How to Protect Yourself
- Verify before you invest – Research any investment platform before sending money. Look for real reviews, not just testimonials on their website.
- Guard your personal info – Avoid oversharing online, as scammers use personal details to make their schemes more convincing.
- Trust your instincts – If an investment seems too good to be true, it probably is.
- Report suspicious activity – If you suspect a scam, report it to the FTC at reportfraud.ftc.gov or the Internet Crime Complaint Center at ic3.gov.
At EECU, we’re here to help you navigate the digital world safely. If you ever have concerns about potential fraud, or think you may be the target of a fraud attempt, immediately call us at (817) 882-0800.
- EECU will NEVER ask for your online banking login information over the phone.
- EECU will NEVER ask you to send money to yourself as a form of verification.
- If you receive an unexpected text message from someone claiming to be EECU, use caution before responding or clicking a link. Look for red flags such as misspellings or unfamiliar URLs.
- If you receive an unexpected phone call regarding fraudulent activity on your account, do not respond. Instead, hang up and call EECU directly at (817) 882-0800 to verify the legitimacy of the fraud alert.
- When in doubt, always contact EECU through the verified contact methods found on our website at eecu.org.
The security of your account and information is our priority. It’s important to stay informed of common scams and be aware of what to look for and what to do to help keep your money safe. If you receive a suspicious alert or notification or think you may be the target of a fraud attempt, immediately call EECU at (817) 882-0800.