Victims of cryptocurrency fraud have lost more than $ 1 billion since 2021

KYIV. June 3. UNN. More than 46,000 people have reported the loss of more than $ 1 billion as a result of cryptocurrency fraud since early 2021, according to a report by the US Federal Trade Commission (FTC), published on Friday, UNN reports citing Reuters.

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According to the FTC, nearly half of those who reported losing digital currency as a result of fraud said it started with advertising, posting, or posting on social media.

Last year, the rampant seizure of cryptocurrencies reached its peak when bitcoin reached a record high of $ 69,000 in November.

The agency said reports cited social media and cryptocurrency as an explosive combination for fraud, adding that about $ 575 million in all losses from digital currency fraud were due to “fictitious investment opportunities.”

According to the report, almost four out of every ten dollars lost as a result of fraud on social networks were lost in cryptocurrency, which is much more than in any other payment method, with Instagram, Facebook, WhatsApp and Telegram being the leading social platforms. networks in such cases.

According to the FTC, the average reported loss to humans was $ 2,600, and bitcoin, Tether and Ethereum were the main cryptocurrencies that people used to pay fraudsters.

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