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Every year, more and more people fall prey to scams. Data from the Federal Trade Commission shows that in 2021, consumers reported losing more than $5.8 billion to fraud. That's a 70% increase from...
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 ...
Look out for recovery scams. Some scammers strike in the aftermath of fraud, offering phony credit repair services or tech support services that steal money or information from people who are ...
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
The good news is that you can take several basic steps to safeguard your crypto investments and steer clear of most crypto scams. Let's take a closer look. Use ETFs whenever possible.
Crypto Ponzi schemes (7 P) Pages in category "Cryptocurrency scams" The following 16 pages are in this category, out of 16 total.
The 2021 Squid Game cryptocurrency scam was a significant fraudulent event that took place in the world of cryptocurrency. [1] Inspired by the popular South Korean Netflix series Squid Game , this cryptocurrency, known as Squid Coin, [ 2 ] promised investors an opportunity to play and earn.
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 ...