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It’s actually pretty easy to steal. The FBI reported Americans lost $5.6 billion to crypto scams in 2023, a 45% jump from the year before. Over 69,000 people filed complaints with the Feds ...
Getty Images. 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 ...
The report found that people over 60 years old were the most scammed: they lost nearly $1.6 billion in 2023. "Elderly have generally a lot more free time," Barnacle explained.
On July 15, 2020, between 20:00 and 22:00 UTC, 130 high-profile Twitter accounts were reportedly compromised by outside parties to promote a bitcoin scam. [1] [2] Twitter and other media sources confirmed that the perpetrators had gained access to Twitter's administrative tools so that they could alter the accounts themselves and post the tweets directly.
In 2018, around US$1.7 billion in cryptocurrency was lost to scams, theft and fraud. In the first quarter of 2019, the amount of such losses rose to US$1.2 billion. [ 6 ] 2022 was a record year for cryptocurrency theft, according to Chainalysis , with US$3.8 billion [ 7 ] stolen worldwide during 125 system hacks, [ 8 ] including US$1.7 billion ...
The 2021 Squid Game cryptocurrency scam was a significant fraudulent event that took place in the world of cryptocurrency. [1] Inspired by the popular South Korean Netflix series Squid Game , this cryptocurrency, known as Squid Coin, [ 2 ] promised investors an opportunity to play and earn.
Some of the most common scams include: Fraudulent investments, which caused over $3.96 billion in losses among all victims. Phishing or spoofing, which caused an estimated $9.6 million in ...
It also reported net revenue of US$1.14 billion in 2020, up from US$483 million the previous year. The company also reported a net income of US$322 million after posting a loss in 2019. [123] Out of the US$782 billion worth of assets on the crypto market, some $90 billion worth is held on the Coinbase platform. [123]