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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 ...
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 ...
Whether your bank refunds money lost in a scam depends on several factors: the type of scam, how you sent the funds, the bank’s policies and if you authorized the transaction. Learn more in our ...
1. Social Media Scams. One of the most common types of cryptocurrency scams occurs on social media platforms. Here, malicious actors impersonate well-known brands or celebrities to promote their ...
The company attributed the vulnerability to a service used by the platform that generates vanity addresses for digital accounts. [8] On September 25, 2023, it was reported that $200 million was stolen by hackers from crypto firm Mixin Network. The company stated that the database of its network's cloud service provider was attacked by hackers ...
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
In the bogus escrow scam, a scammer sets itself up as the recipient of money or goods and then requests the use of an escrow service which is self-operated. This bogus escrow service assures the victim that the scammer has sent its item and that the victim should send its item to the escrow service.
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