In a disturbing turn of events, the popular robo-advisor Betterment accidentally pushed a crypto scam to thousands of its users. On Friday, customers received a fraudulent notification urging them to send $10,000 to external Bitcoin and Ethereum wallets, with the ludicrous promise that the company would “triple your crypto.”
The message, which looked incredibly sketchy to savvy users, was confirmed via Betterment’s official X (Twitter) account as an “unauthorized message” sent through a compromised third-party system. This incident highlights a growing vulnerability in financial tech stacks: reliance on external communication tools. While it appears to be a localized breach rather than a full account takeover, the reputational damage is significant. It serves as a stark reminder that if a message sounds too good to be true—especially asking for a crypto transfer—it’s always a scam, regardless of the sender.
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