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06/07/2022

Bitcoin Leads Crypto Fraud As FTC Confirms $1 Billion Milestone

Forbes

Victims have lost over $1 billion in cryptocurrency scams between January 2021 and March 2022 according to a report released by the Federal Trade Commission on Friday.

Over 46,000 people have lost money in crypto fraud since the beginning of 2021 making it the leading source of payment scams. Bitcoin made up 70% of crypto-related scams followed by tether at 10% and Ethereum at 9%.

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