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5. Romance Scams. Cryptocurrency romance scams have become a prevalent form of deception where fraudsters forge romantic ties to trick individuals into giving up their crypto assets.
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 ...
"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 ...
By February 2022, the amount of bitcoin stolen in 2016 had increased in value to $4.5 billion. Two people were arrested for the thefts [65] in 2022; married couple Ilya “Dutch” Lichtenstein and rapper Heather "Razzlekhan" Morgan were charged with conspiracy to commit money laundering and conspiracy to defraud the United States. [64]
The vast majority of people who reported losing money to crypto fraud involving a kiosk — or a crypto ATM — were over 60, according to the FBI. People in that age group lost more than $124 ...
In November 2021, Squid Coin gained sudden popularity, with its valuation soaring to $2,861 per coin. Marketed as a "play-to-earn cryptocurrency," it garnered immense attention and witnessed a meteoric rise in its price, surging by thousands of percentage points.
The Bitfinex cryptocurrency exchange was hacked in August 2016. [1] 119,756 bitcoin, worth about US$72 million at the time, was stolen.[1]In February 2022, the US government recovered and seized a portion of the stolen bitcoin, then worth US$3.6 billion, [2] by decrypting a file owned by Ilya Lichtenstein that contained addresses and private keys associated with the stolen funds. [3]
Here are some tips from crypto experts that can help. Check Out: 3 Types of Investments Predicted To Plummet in Value in Summer 2024 Read Next: 4 Genius Things All Wealthy People Do With Their Money