యు.ఎస్. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency to scams since the beginning of last year.
FTC Says Scammers Stole Over $1 Billion in Crypto
యు.ఎస్. Federal Trade Commission published a “Data Spotlight” report on crypto scams Friday. The FTC is the only federal agency in the country with both consumer protection and competition jurisdiction in broad sectors of the economy, the regulator’s website describes.
Emma Fletcher, senior data researcher at the FTC, wrote:
Since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that’s about one out of every four dollars reported lost, more than any other payment method.
Specifically, $680 million in cryptocurrency fraud losses were reported in 2021. In the first quarter of this year, the losses due to crypto fraud amounted to $329 మిలియన్.
The researcher added that the median individual reported loss is $2,600, noting:
The top cryptocurrencies people said they used to pay scammers were bitcoin (70%), tether (10%), and ether (9%).
The regulator further explained that nearly half the people who reported losing crypto to a scam since 2021 said it started with “an ad, post, or message on a social media platform.” The top platforms reported by investors were Instagram (32%), ఫేస్బుక్ (26%), Whatsapp (9%), and Telegram (7%).
అదనంగా, of the reported crypto fraud losses that began on social media, most ($575 మిలియన్) are investment scams, the FTC said. Romance scams came second, with $185 million in reported cryptocurrency losses since 2021
People ages 20 కు 49 were more likely to have reported losing cryptocurrency to a scammer, with those in their 30s being hit the hardest, the regulator noted. అయితే, median individual reported losses increased with age, topping out at $11,708 for people in their 70s.
Have you been scammed for cryptocurrency? దిగువ వ్యాఖ్యల విభాగంలో మాకు తెలియజేయండి.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. krakow3d.com does not provide investment, tax, చట్టపరమైన, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.