a huge rally in bitcoin
, a lack of regulation and the anonymity of digital money have created a ripe environment for fraudsters. Consumers reported losing nearly $82 million to crypto scams during the fourth quarter of 2020 and first quarter of 2021, more than 10 times the amount from the same six-month period a year earlier, according to the Federal Trade Commission.
From October to March, the price of bitcoin jumped 450% to nearly $59,000, while rival coins such as ether and
Crypto has become the best friend to fraudsters in the history of mankind. pumpndump dogecoin Bitcoin2021 bitcoins
What about money laundering and Tax evasion that's all part of the Wall Street mix!
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Colonial Pipeline hack isn't the end for Bitcoin, say crypto expertsThe FBI responded to the cyberattack by recovering millions of dollars' of bitcoin—though the cryptocurrency's price dipped afterwards.
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