Betterment Alerts Users to Fraudulent Crypto Promotions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Fraud Alert: Betterment reported that users received fraudulent crypto promotion messages via an unauthorized third-party marketing system, promising triple returns, prompting the company to advise users to disregard such notifications to safeguard their assets.
- User Risk Mitigation: The fraudulent messages could potentially lead to financial losses for users, and Betterment emphasized its non-involvement while urging users to avoid interacting with any listed external wallet addresses to minimize potential risks.
- Industry Security Call: This incident highlights the risks faced by crypto investors, with experts calling for enhanced security in financial communication channels to prevent similar scams from occurring again and to protect investor interests.
- Market Vulnerability Exposed: Betterment's response reflects a commitment to user asset protection while revealing vulnerabilities in the market concerning high-liquidity assets like Bitcoin and Ethereum, underscoring the urgent need for improved security protocols.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
