A significant security blunder by Betterment, the popular automated investing service, has left users questioning the safety of their funds. On Friday, customers received a suspicious push notification urging them to transfer $10,000 to external Bitcoin and Ethereum wallets with the promise to “triple your crypto.”
While the message bore Betterment’s branding and claimed to celebrate a “best-performing year,” it was a textbook crypto scam script. Screenshots shared on Reddit showed the offer signed by “Bryan,” prompting immediate confusion and alarm.
Betterment responded via X (formerly Twitter), clarifying that the message was unauthorized and sent through a “third-party system.” They claim it was not an official marketing attempt. This incident highlights the vulnerabilities inherent in relying on third-party integrations for critical financial communications.
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