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How to avoid cryptocurrency scams Cryptocurrencies can be an enticing financial opportunity as a new, innovative way to store, transfer, and invest money internationally, but they come with many ...
You can avoid cryptocurrency scams entirely by steering clear of this market. Most older adults and pre-retirees should exercise caution in their investments due to their shorter timelines.
How to protect yourself from crypto scams If you’re looking to invest in a specific cryptocurrency, experts recommend a number of steps that you can take to avoid the scams.
The FBI's 2023 cryptocurrency fraud report highlights the rise in crypto investment scams. People over 60 reported the highest losses, with $1.6 billion lost to crypto fraud last year.
The new year doesn't necessarily bring about a shift in scam tactics. ... attack technique described above to prevent people from getting their crypto back while the scammer drains their account ...
Image source: Getty Images. As a general rule of thumb, you should avoid cryptos that are not offered for trading on the top crypto exchanges. And you should avoid cryptos that are under a certain ...
"The 3,000 people we've notified this year, 75% had no idea they were victims of fraud," Barnacle said. Americans lost $5.6 billion in cryptocurrency scams in 2023: FBI originally appeared on ...
According to the latest available data from the FTC, more than 46,000 people in the U.S. reported losing an accumulative $1 billion to crypto scams between January 2021 and June 2022. In 2021 ...