Cryptocurrency scammers have stolen over $1 billion from 46,000 people since the start of 2021, a new Federal Trade Commission report says.
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The FTC rang the alarm bells on Friday, saying crypto-related crimes amount to about one out of every four dollars reported lost to fraud -- more than any other payment method. The median individual reported loss was $2,600.Crypto is dead. Long live cryptoThe vast majority of those who reported being bilked used Bitcoin to pay scammers, at 70%, followed by Tether and Ether.
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FTC says victims of crypto scams have lost more than $1 billion since 2021 | EngadgetNearly 25 percent of scams reported last year used crypto as a payment method..
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Crypto scams have raked in more than $1 billion since beginning of 2021, FTC saysMost of the reported losses came from investments offering big returns, while romance scams were a distant second.
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Crypto Scams Have Cost People More Than $1 Billion Since 2021, Says FTCMore than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the Federal Trade Commission on Friday.
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Consumers report losing $1 billion in crypto to scammers since 2021, FTC study saysMore than 46,000 consumers have reported losing a total of $1 billion in cryptocurrency to scammers since early 2021. The median reported loss from an individual scam was $2,600.
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$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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US Regulator: Investors Reported Losing Over $1 Billion in Crypto to Scams Since 2021 – Featured Bitcoin NewsThe U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency to scams. crypto bitcoin $BTC
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