Robo-adviser Betterment suffered a major security embarrassment on Friday when its official app pushed a notification to users resembling a blatant crypto scam. The message urged customers to send $10,000 to Bitcoin and Ethereum wallets with the false promise that the company would “triple your crypto.”
Screenshots shared on Reddit revealed the prompt, which was attributed to a fictional employee named ‘Bryan’ claiming the company was ‘giving back’ for its best-performing year. In response to the viral thread, Betterment admitted via X (formerly Twitter) that the alert was an “unauthorized message” sent through a compromised third-party system. While the company confirmed the breach, they are now scrambling to reassure users that their actual funds and account data remain secure.
Leave a Reply