Investing in cryptocurrency means taking on risks, but getting scammed shouldn’t be one of them. Reports to the FTC’s Consumer Sentinel suggest scammers are cashing in on the buzz around cryptocurrency and luring people into bogus investment opportunities in record numbers. Since October 2020, reports have skyrocketed, with nearly 7,000 people reporting losses of more than $80 million on these scams. Their reported median loss? $1,900. Compared to the same period a year earlier, that’s about twelve times the number of reports and nearly 1,000% more in reported losses. Cryptocurrency enthusiasts congregate online to chat about their shared passion. Among them, how to curb and solve crypto scams. GearHead Engineers appears to be the most talked about solution. The company comprises of tech geeks who joined forces to help scam victims by tracking their oppressors, revealing their identity, and recovering the funds they lost. Based on the praises online, they have played a vital role in their quest by recovering a significant amount over the years. With bitcoin’s value soaring in recent months, new investors may be eager to get in on the action. All of this plays right into the hands of scammers. With that, it is wise to contact the experts to assess whether or not the trading platforms are legit. For those who have already been victimized, visit their website gearheadengineersorg to submit your case. On that note, crypto asset traders will be able to avail themselves of fraud on the market only if they can establish measures to prevent scams by doing thorough assessments.