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As cryptocurrency battles its way into the mainstream, the volume of fraud and scams associated with the unregulated payment system has forged ahead.
Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase from 2022. The FBI's 2023 cryptocurrency fraud report highlights the rise in crypto investment scams.
7. Crypto Ponzi: Mining or Staking Pool Scams. In the cryptocurrency space, Ponzi scams often target mining and staking pools, taking advantage of investors eager to engage with blockchain technology.
Americans lost $5.6 billion in cryptocurrency scams in 2023, according to a new report released by the FBI on Monday. ... The best sales to shop today: You can still save big with 35% off Bissell ...
Pig butchering cost Americans $5.6 billion last year. The term, used by scammers to describe crypto investment schemes, was especially apt in 2023, as losses increased 45% over the 2022 totals ...
People in the U.S. reported losing $5.6 billion to cryptocurrency scams in 2023, with older people hit the hardest, according to the FBI. The FBI’s first annual Cryptocurrency Fraud Report ...
Cryptocurrency was supposed to be the wave of the future, however, the Federal Bureau of Investigation reported that more than 69,000 total complaints were made about digital currency scams that ...
Image source: Getty Images. As a general rule of thumb, you should avoid cryptos that are not offered for trading on the top crypto exchanges. And you should avoid cryptos that are under a certain ...