The US Federal Trade Commission (FTC) reported that between January 2021 and March 2022, more than 46,000 US citizens reported cryptocurrency fraud, and the amount of losses exceeded $ 1 billion.
As noted in the report of the regulator, during this period, fraud with cryptocurrencies amounted to about 25% of the total volume of financial schemes. About half of the victims learned about the “profitable offer” through advertising, posts and messages on social networks.
Most of the funds were lost by Americans who tried to “invest” in digital assets – the total amount of their losses amounted to $ 575 million.
“These fraudulent schemes usually promise potential investors a huge profit from investments in cryptocurrencies, but in the end, “investors” lose all their funds,” FTC analysts write.
Interestingly, in second place in popularity were frauds in the “love sphere”. That is, American residents tried to get acquainted in online dating services, but as a result, scammers with the help of cryptocurrencies lured funds from them.
On average, Americans lost $2,600 in fraudulent schemes. Most often, criminals received payment in bitcoins (70%), USDT stablecoins (10%) and ether (9%).
At the beginning of the year, the FTC warned US residents about a new method of fraud – criminals need only a crypto ATM, a QR code and social engineering skills.
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