FTC says victims of crypto scams have lost more than $1 billion since 2021 | Engadget

6/3/2022 11:22:00 PM

FTC says victims of crypto scams have lost more than $1 billion since 2021

FTC says victims of crypto scams have lost more than $1 billion since 2021

Nearly 25 percent of scams reported last year used crypto as a payment method..

thrived.recent report published by the Federal Trade Commission (FTC), 46,000 people have already lost more than $1 billion worth of crypto to fraudsters since the beginning of 2021.“We spent a couple of hours going through the museum and I was really struck by the history that is here,” he said.Meet Josiah Johnson, the former UCLA benchwarmer who became an NBA meme king Former UCLA benchwarmer Josiah Johnson found a way to use Twitter to express himself, have fun, and make a career out of it.

Crypto investment scams were the most common type of scam reported to the FTC, accounting for an estimated $575 million in losses.Normally these scams target amateur investors by promising them large returns in exchange for an initial investment.People who get blinded by false promises of quick and easy money send their money directly to fraudsters' wallets.“Investment scammers claim they can quickly and easily get huge returns for investors.” RedBird also has a stake in Fenway Sports Group, which owns English Premier League club Liverpool as well as the Boston Red Sox in the U.But those crypto 'investments' go straight to a scammer’s wallet,” wrote the FTC’s Emma Fletcher in a blog post.Romance scams are responsible for $185 million worth of cryptocurrency losses.Romance scams also account for a large slice of reported scams, totaling $185 million in losses.Said that I was making a huge mistake by bringing in my friends to run the business side of what we wanted to do,” James said of the founding of SpringHill.

Many of these scammers reach individuals by social media or.Fraudsters who impersonate businesses and government officials account for the rest of the sum ($133 million).U.

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Hi bross Don’t use a picture of Bitcoin to illustrate shitcoin scams. Unfortunate. How much money have victims of fiat scams lost during that same period? 2021 was a long time ago. Actually $10B just this month

$1 Billion Worth of Crypto Lost to Scammers Since 2021: FTC.FTC claims that more than 46,000 people have lost crypto to scammers since the start of 2021

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