CNET: Crypto Scams Have Cost Consumers More Than $1 Billion, FTC Says

CNET: Crypto Scams Have Cost Consumers More Than $1 Billion, FTC Says. “Crypto scams have cost consumers more than $1 billion since the start of 2021, according to a new Federal Trade Commission analysis. The numbers, which are based on losses reported by consumers from January 2021 through March 2022, also show that crypto is becoming the payment of choice for many scammers, accounting for about one in every four dollars lost to fraud, the FTC says.”

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