Betterment Warns Users to Disregard Unauthorized Crypto Promotion Message
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- False Promotion Warning: Betterment has alerted users to disregard a fraudulent cryptocurrency promotion message that circulated on Friday, which claimed users could send up to $10,000 in Bitcoin or Ethereum to specified wallet addresses with a promise of tripling their funds within hours, mirroring common crypto scam tactics.
- User Reports: Multiple users shared screenshots of the notification on Reddit, indicating that the message was not only disseminated through social media but also potentially via email, which has heightened confusion and concern among users.
- Company Statement: Betterment confirmed on X that the message was not a legitimate promotion, emphasizing that it was sent without authorization and apologizing for any confusion caused, demonstrating the company's commitment to user safety.
- Platform Context: As a digital investing platform known for its low-cost ETFs, Betterment offers crypto investment services; however, this incident highlights potential risks in the crypto asset space, which could impact user trust in its offerings.
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.
