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People 60 years old and older filed more than 16,000 complaints of cryptocurrency fraud and reported losing over $1.6 billion, much more than any other age group. People under 20 had the fewest ...
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.
Those first three scams are directly related to investing in cryptocurrency, but others – such as the luridly named “pig butchering” scam – try to prey on those who haven’t even begun to ...
Stephen Findeisen (born 1993 or 1994), [2] [3] better known as Coffeezilla, is an American YouTuber and cryptocurrency journalist who is known primarily for his channel in which he investigates and discusses online scams, usually surrounding cryptocurrency, decentralized finance and internet celebrities. [4]
Clark is widely regarded as the "mastermind" of the 2020 Twitter account hijacking, [4] [5] an event in which Clark worked with Mason Sheppard and Nima Fazeli to compromise 130 high-profile Twitter accounts to push a cryptocurrency scam involving bitcoin along with seizing "OG" (short for original) usernames to sell on OGUsers.
Unfortunately, in the Wild West of cryptocurrency, consumers and legislators struggle to discern a deliberate scam from a well-intentioned business that goes bust.
Save the Kids was additionally credited as one of the focus examples for the growing trend of cryptocurrency scams, to which more than $80 million has been lost so far mostly from younger audiences buying into the currencies simply from the hype. [5] [10]
Americans lost $5.6 billion in cryptocurrency scams in 2023: FBI. LUKE BARR. September 9, 2024 at 10:08 AM.