local
What to know as cryptocurrency scams rise in Texas
By Texas Tribune, Ayden Runnels at KPRC 2 / Click2Houston (NBC)
· July 8, 2026
· 5 min read
Texans lost more than $1 billion to scams involving cryptocurrency in 2025, according to the FBI, second only to California in the amount siphoned away by fraudsters.Scams using crypto often involve fraudulent investment opportunities, but criminals are increasingly turning to the digital currenc...
Key takeaway Scams generally fall into two categories, said Michael Levine, chief felony prosecutor for the Cyber and Financial Crimes Division of the Harris County district attorney’s office.
Why this matters in The Pearland
The rise of cryptocurrency scams in Texas, with Pearland residents likely among those affected, poses a significant threat to local financial security. As the second-highest state for cryptocurrency scam losses, Texans must be vigilant in protecting their assets. The fact that scammers are using sophisticated tactics, such as creating fake investment websites that mimic legitimate trading platforms, means that even savvy investors can be deceived. Pearland's proximity to Houston, a major hub for financial activity, may also make its residents more susceptible to these types of scams. It is crucial for local residents to be aware of these common scams and take steps to verify the legitimacy of investment opportunities and exchanges. By doing their research and seeking guidance from reputable sources, Pearland residents can help safeguard their financial well-being and avoid becoming the next victims of these costly scams.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Pearland surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 8, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? Texans lost more than $1 billion to scams involving cryptocurrency in 2025, according to the FBI, second only to California in the amount siphoned away by fraudsters.Scams using crypto often involve fraudulent investment opportunities, but criminals are increasingly turning to the digital currenc...
When was this published? This article was first published on July 8, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Pearland readers.
Who reported this story? This story was reported by Texas Tribune, Ayden Runnels at KPRC 2 / Click2Houston (NBC). To learn more about how The Pearland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Pearland, or browse our daily briefing and topic hubs .
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