Global Cryptocurrency Scams Sees 46,000 Lose Over $1bn
June 4, 2022
9:04 am
Reports have shown that more than 46,000 people have reported losing over $1 billion in cryptocurrency scams since the start of 2021. This report was compiled by the Federal Trade Commission (FTC) on Friday.
Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post or a message on a social media platform, according to the FTC.
The craze for cryptocurrencies was at a fever pitch last year with bitcoin hitting a record high of $69,000 in November.
Reports point to social media and …
