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Top 10 Crypto Scams to Watch Out For. Scammers are constantly finding new ways to steal cryptocurrencies from unsuspecting users, taking advantage of the decentralized nature of the crypto industry.
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 ...
"The 3,000 people we've notified this year, 75% had no idea they were victims of fraud," Barnacle said. Americans lost $5.6 billion in cryptocurrency scams in 2023: FBI originally appeared on ...
According to the latest available data from the FTC, more than 46,000 people in the U.S. reported losing an accumulative $1 billion to crypto scams between January 2021 and June 2022. In 2021 ...
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. [116]
The FBI's 2023 cryptocurrency fraud report highlights the rise in crypto investment scams. People over 60 reported the highest losses, with $1.6 billion lost to crypto fraud last year.
This simple practice can prevent you from falling victim to phishing attempts. 2. Use strong authentication: Enable two-factor authentication on all your crypto accounts. This adds an extra layer ...
The FTC noted 40% of people who lost money to a romance scam last year said the contact started on social ... To avoid dating scams, ... with investment scams, crypto is central in two ways: It ...