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Thursday, June 1, 2023

Crypto: 46,000 People Lost $1 Billion to Cons in 15 Months

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The euphoria round cryptocurrencies in 2021 has not solely made millionaires and billionaires. 

It was additionally a break for 1000’s of retail traders. 

And issues are usually not getting higher for the reason that starting of 2022. Crypto scams, which multiplied final 12 months, proceed.

Since the beginning of 2021, greater than 46,000 individuals have reported shedding over $1 billion in crypto to scams, based on a brand new report from the Federal Trade Commission (FTC). That’s about one out of each 4 {dollars} reported misplaced, greater than another fee methodology. 

Source: www.thestreet.com

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