In the already difficult to navigate world of online trading, young people are being lured in by the promise of easy money trading cryptocurrency.
The problem - the sites, trades, and profits are all entirely fake and any money paid goes straight into the pockets of scammers.
The scams work by inviting young people to join trading advice chat groups on messaging services such as WhatsApp, sometimes posing as high-profile figures who the scammers impersonate.
Scammers then recommend victims invest via a fake crypto asset trading platform which shows profits and trades, when in reality no real trading is taking place.
When the victim tries to withdraw their supposed profits, scammers ask for even more money via "withdrawal fees".
Once money has been transferred via the scam there is often no way to get it back.
