Beware of Fake Crypto Promises: Betterment Users Targeted

Betterment, a popular digital investing platform, recently alerted its users about a fake crypto promotion. This scam message, which spread on Friday, was not sent by Betterment. It came through a third-party system that the company uses for marketing and customer communication. The fake message tried to trick users into sending large amounts of Bitcoin or Ether to specific wallet addresses. It promised to triple the funds within hours. This is a classic crypto scam tactic. It uses pressure, fake guarantees of high returns, and asks for direct wallet transfers. Some users even received similar scam emails.Betterment quickly responded on X, confirming that the message was not real. They apologized for any confusion caused. Betterment is known for its robo-advisor services, which help users invest in diversified portfolios using low-cost ETFs. While it is not a crypto exchange, Betterment does offer crypto investing as an option. Interestingly, crypto phishing attacks have been on the decline. In 2025, losses from these scams dropped by 83%, according to a report from Scam Sniffer. However, phishing losses still follow crypto market trends, peaking during periods of high market activity. Users should always be cautious when they see offers that seem too good to be true. It's important to verify the source of any promotional messages before taking action. Betterment's quick response shows the importance of staying vigilant in the ever-evolving world of crypto scams.