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Unfortunately, in the Wild West of cryptocurrency, consumers and legislators struggle to discern a deliberate scam from a well-intentioned business that goes bust.
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.
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 ...
The good news is that you can take several basic steps to safeguard your crypto investments and steer clear of most crypto scams. Let's take a closer look. Use ETFs whenever possible
Nov. 14—EL PASO — Cryptocurrency "Recovery" scams target people who have already lost cryptocurrency to fraud, scams, and theft. As you are trying to make sense of the scam and are upset about ...