Scammers Have Stolen Over $1,000,000,000 in Crypto Assets Since Start of 2021: U.S. Federal Trade Commission

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


The Federal Trade Commission (FTC) is laying out the scope and methods used by crypto fraudsters to rack up a billion dollars in illicit gains.

According to a new consumer protection report, the FTC says that since the beginning of last year, over 46,000 people had more than $1 billion stolen via cryptocurrency scams, with victims losing a median amount of $2,600.

The report provides a breakdown of which digital assets were used to pay the thieves, with Bitcoin (BTC) taking the vast majority at 70%, followed by stablecoin Tether (USDT) at 10% and leading altcoin Ethereum (ETH) at 9%.

The FTC goes on to say that scammers prefer to use digital assets for their schemes due to lack of banking oversight, inability to reverse a transaction, as well as the average consumer’s lack of knowledge about crypto and blockchain technology.

Source: U.S. Federal Trade Commission

Regarding the types of scams and losses, the report says,

“Since 2021, $575 million of all crypto fraud losses reported to the FTC were about bogus investment opportunities, far more than any other fraud type…

Business and government impersonation scams are next with $133 million in reported crypto losses since 2021. These scams can start with a text about a supposedly unauthorized Amazon purchase, or an alarming online pop-up made to look like a security alert from Microsoft.”

The report also gives examples of how sophisticated some of the ruses are, with consumers seemingly able to track the growth of their investments or even make a nominal test withdrawal in order to gain trust.

Image
Source: U.S. Federal Trade Commission

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/SerGRAY/Natalia Siiatovskaia

Source link



Post Views:
1



[ad_2]

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close