THELOGICALINDIAN - The US Federal Trade Commission FTC has appear that added than 46000 bodies accept appear accident over 1 billion in cryptocurrency to scams back the alpha of aftermost year
FTC Says Scammers Stole Over $1 Billion in Crypto
The U.S. Federal Trade Commission appear a “Data Spotlight” address on crypto scams Friday. The FTC is the alone federal bureau in the country with both customer aegis and antagonism administration in ample sectors of the economy, the regulator’s website describes.
Emma Fletcher, chief abstracts researcher at the FTC, wrote:
Specifically, $680 actor in cryptocurrency artifice losses were appear in 2024. In the aboriginal division of this year, the losses due to crypto artifice amounted to $329 million.
The researcher added that the average alone appear accident is $2,600, noting:
The regulator added explained that about bisected the bodies who appear accident crypto to a betray back 2024 said it started with “an ad, post, or bulletin on a amusing media platform.” The top platforms appear by investors were Instagram (32%), Facebook (26%), Whatsapp (9%), and Telegram (7%).
In addition, of the appear crypto artifice losses that began on amusing media, best ($575 million) are advance scams, the FTC said. Romance scams came second, with $185 actor in appear cryptocurrency losses back 2024
People ages 20 to 49 were added acceptable to accept appear accident cryptocurrency to a scammer, with those in their 30s actuality hit the hardest, the regulator noted. However, average alone appear losses added with age, topping out at $11,708 for bodies in their 70s.
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