(WFXR) — The Better Business Bureau (BBB) wants to warn residents of a cryptocurrency investment scam.

The BBB says that a Bristol-area resident was scammed out of $8,000 through the website Tempest Crypto Stocking Trading, which is an investment site for cryptocurrency. The BBB reported that the man tried to withdraw his earnings from the site, but it wanted him to invest more money.

“I have been trying to get my money from them & so far it’s been a month & I still can’t get it,” the victim told BBB ScamTracker. The victim has tried to withdrawal his earnings for a month but hasn’t been able to yield any success.

An investigation found more cryptocurrency websites that also use the same IP address as Tempest Crypto Stock Trading including the following sites: primecryptotraders.comprocryptominings.comwww.swisstradeoption.com/stockcoin/index.php, and globalhavest.com.

The BBB reported that financial losses have nearly tripled between 2019 and 2021 and monetary loss amounts have more than tripled during the past two years. According to the BBB, this is due to fake websites, money laundering, hacking, and rug pulls.

There are ways to protect your investment in cryptocurrency.

  • Invest only what you can afford to lose
  • You may lose some or all of your investment
  • Be suspicious of places that guarantee your investment will perform a specific way
  • Research opportunities before investing by using FINRA BrokerCheck

If you see any suspicious activities or scams report them to the BBB Scam Tracker.