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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...
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 ...
Recovery scammers target people who have just lost money to another scam. Typically, recovery scammers will promise to get the money back in exchange for an upfront fee. After you pay, they vanish.
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 ...
Americans aged 60 plus lost over $1.6B to crypto scams in 2023, says FBI — here’s how to spot it now and protect your retirement savings Christy Bieber September 25, 2024 at 7:25 AM
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 ...
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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