Reports show scammers cashing in on #crypto craze

source: https://nitter.it/web3isgreat/status/1532775402468478977

From Super Bowl ads to Bitcoin ATMs, #cryptocurrency seems to be everywhere lately. Although it’s yet to become a mainstream #payment method, reports to the #FTC show it’s an alarmingly common method for scammers to get peoples’ money. 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. The median individual reported loss? A whopping $2,600. The top cryptocurrencies people said they used to pay scammers were #Bitcoin (70%), #Tether (10%), and #Ether (9%).

#scam #crime #bitcoins #fail #money #finance #blockchain #news #warning