Tubefilter: The FTC says social media is rife with crypto scams—and victims are losing hundreds of millions of dollars

Tubefilter: The FTC says social media is rife with crypto scams—and victims are losing hundreds of millions of dollars. “The majority of people encountering crypto scams on social media did so on a platform owned by Meta. The FTC’s data shows that 32% of people who fell prey to a crypto scam last year originally found it because of a post on Instagram. A further 26% of victims encountered scams on Facebook, and another 9% did so on WhatsApp, the messaging platform Meta bought for $19 billion in 2014.”

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