Cryptocurrency investment scams are one of the fastest‑growing frauds affecting college students. These scams often start casually: a DM on Instagram, a “wrong number” text, a dating app match, or a job opportunity that sounds flexible and high‑paying. Before you know it, someone you just met is pitching a crypto “investment” that promises quick, impressive returns.
The truth? These investments are fake.
Any money you send (usually after being told to buy crypto and deposit it on a professional‑looking website) is controlled by scammers. Early “profits” are often just bait to convince you to invest more. When you try to cash out, you’re hit with surprise “taxes” or “fees” to unlock your funds. Pay them, and the money is gone for good.
Red Flags to Watch For
- Someone you met online pushes crypto investing
- Pressure to move chats to WhatsApp or Telegram
- Promises of guaranteed or unusually high returns
- Requests to pay fees or taxes before withdrawing money
If this sounds familiar, stop sending money immediately. Help is available: Student Legal Services offers free, confidential legal help for students. They can help you understand your options, protect your rights, and figure out your next steps.
Student Legal Services is open to every University of Nebraska–Lincoln student, offering free legal advice and representation by actual attorneys. The office is located in Nebraska Union, Room 335.
Appointments can be requested through the website or by phone 402-472-3350.
