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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 to cryptocurrency scams in 2023, a 45% increase from 2022. The FBI's 2023 cryptocurrency fraud report highlights the rise in crypto investment scams.
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.
2020 was a record year for investment and cryptocurrency scams -- with 26,500 cases reported to the government, resulting in a loss of $419 million -- and 2021 is on pace to exceed those numbers,...
A pig butchering scam (in Chinese sha zhu pan [114] or shazhupan, [115] (Chinese: ĉçŞç), translated as killing pig game) [113] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
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 ...
There may be no surer sign that a currency has reached the financial mainstream than when it is used to scam people out of massive piles of money. That's what's happening with cryptocurrency,...
Soaring retail and institutional interest in cryptocurrency last year also led to a boom criminal activity that cost investors billions. Data: Crypto scams, hacks cost investors $14 billion in ...