**Unauthorized Crypto Promotion Message Circulated to Betterment Users**
A recent incident has raised concerns among cryptocurrency enthusiasts, as multiple users of the US-based digital investing platform Betterment reported receiving an unauthorized notification that appeared to promote a limited-time cryptocurrency offer.
The message, which claimed that Betterment would "triple" Bitcoin and Ether deposits sent within hours, urged recipients to transfer $10,000 worth of either asset to specified wallet addresses. Screenshots shared on Reddit showed the notification, which was framed as an official promotion celebrating Betterment's "best-performing year," closely mirroring common crypto scam tactics.
The message included language typically used in phishing scams, such as time pressure and unusually high guaranteed returns. Some users reported receiving similar language in email messages, further exacerbating concerns about the legitimacy of the offer.
However, Betterment has since confirmed that the notification was not legitimate. In a statement posted on X (formerly known as Twitter), the company explained that the message was sent without authorization via a third-party system used for marketing and other customer communications.
"Please note that this is not a real offer and should be disregarded," Betterment wrote, adding that it apologized for any confusion caused by the message. The company also emphasized that users should only trust official notifications from Betterment and avoid engaging with suspicious messages or offers.
Betterment is a US-based digital investing platform best known as a robo-advisor that automatically builds and manages diversified portfolios using low-cost ETFs, along with cash management and retirement accounts. While it is not a crypto exchange, Betterment does offer crypto investing as a linked product, allowing users to gain exposure to assets like Bitcoin and Ethereum through its platform via an integrated crypto service.
This incident serves as a reminder of the importance of verifying the authenticity of notifications and offers, especially in the realm of cryptocurrency investments. As the market continues to evolve, it is crucial for investors to remain vigilant and cautious when dealing with suspicious messages or promotions.
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