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From January 2021 to March 2022, consumers lost more than $1 billion as a result of fraud related to digital assets. This is stated in the report of the US Federal Trade Commission (FTC).
The agency cited 46,000 people who reported the deception. According to the press release, the victims of fictitious investment schemes have lost the most – $ 575 million since January last year.
In second place are scams related to dating and romantic relationships. On the third – fake representatives of companies or the government.
“Almost half of the consumers who reported cryptocurrency fraud said that it began with an advertisement, post or message on a social network,” the FTC noted.
According to the agency, people aged 20 to 49 years were three times more likely to complain about scams with digital assets than older citizens.
«[…] cryptocurrency is quickly becoming the preferred option for many attackers: approximately every fourth dollar lost as a result of fraud was paid in cryptocurrency, “the report says.
The average amount lost was $2600. Most often, victims transferred bitcoins (70%), USDT (10%) and Ethereum (9%) to scammers.
Recall that in February, the FTC estimated the damage from fraud in online dating services at $ 547 million – a fifth of this amount fell on cryptocurrencies.
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