Betterment warned its users on Friday to ignore a crypto promotional message sent by a third-party. The company described it as an unauthorized notice that was transmitted through a system that is not owned or controlled by them.
Multiple users reported the incident reported A message that appears to be promoting an exclusive cryptocurrency deal. Reddit users shared screenshots of the notification, which urged recipients to send at least $10,000 worth Bitcoin.BTCEtherETH(with a promise of the money being returned) at specified wallet addresses. “tripled” Return within hours.
This message is framed as a promotional campaign for Betterment. “best-performing year,” These tactics are similar to those used by other crypto-scammers, like time pressure, high guarantees of returns, direct wallet transfers, etc. Similar language was also used in emails, according to some users.
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The Betterment team disclaims the crypto-promotion message
A statement posted Betterment has confirmed the message is not genuine. Betterment said that the message was not authorized and sent via a system third party used to communicate with customers.
“Please note that this is not a real offer and should be disregarded,” Betterment apologized to the public for any confusion that may have been caused by this message.
Betterment, a US digital investment platform is best known for its robo-advisor. It automatically creates and manages portfolios with low-cost exchange-traded funds (ETFs), along with retirement and cash accounts.
Betterment, while not being a crypto-exchange, does offer cryptocurrency investing through its integrated service.
Related: Crypto hack counts fall, but supply chain attacks reshape threat landscape
In 2025, crypto phishing losses dropped 83%.
The crypto phishing attack linked with wallet drainers dropped sharply in 2025Scam Sniffer’s report shows that the amount of losses has fallen to $83.85million, down by 83% compared to nearly $494million a previous year. In addition, the total number of victims fell by 68% to approximately 106,000 as market activity declined.
Phishing losses, however, still followed crypto-market cycles. They peaked during times of increased onchain activity. This was particularly true in the thirdquarter, when Ethereum had its biggest rally, and losses reached $11 million.
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Source: cointelegraph.com
