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WEKU
WEKU
Business
Bobby Allyn

He lost $340,000 to a crypto scam. Such cases are on the rise

Naum Lantsman in his Los Angeles home. He fell victim to a cryptocurrency scam and ended up losing his entire life savings. (Grace Widyatmadja/NPR)

Naum Lantsman was sure his cryptocurrency investments were making money. Every time he'd log on to the trading platform he was using, it looked like he was reaping windfall profits. But Lantsman, in fact, was one of a growing number of people who've fallen victim to cryptocurrency scams.

"I heard, and I read, but somehow I thought that I am not going to be one of them," he said.

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