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Complete Story
06/28/2022
Over $1 Billion Lost to Cryptocurrency Scams in Last 15 Months
Money
U.S. consumers reported losing more than $1 billion to fraud involving cryptocurrencies from the start of 2021 through March 31, 2022, according to new data from the Federal Trade Commission (FTC).
The cumulative losses from more than 46,000 complaints filed with the watchdog agency account for nearly $1 of every $4 lost to fraud over those 15 months, putting crypto atop the list of scam artists’ favorite ways to get paid.
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