While crypto prices rise, the amount lost to crypto scams keeps growing.
Consumers reported losses of nearly $82 million to crypto scams between October 2020 and March 2021, according to the U.S. Federal Trade Commission (FTC).
The $82 million loss is ten times the amount reported for the same six-month period a year earlier.
The FTC said crypto scams increase when crypto prices rise. Between October 2020 to March 2021, Bitcoin climbed from $10,000 to $59,000, a 490% increase. Ethereum’s price rose from $360 to $1,940 in the same time period.
“Cryptocurrency enthusiasts congregate online to chat about their shared passion. And with bitcoin’s value soaring in recent months, new investors may be eager to get in on the action. All of this plays right into the hands of scammers,” the FTC said.
The FTC’s data relies on self-reporting consumers, so the true loss may be higher than reported.
Other victims
Consumers who reported scams to the FTC are far from the only vict
Źródło: https://decrypt.co/72945/ftc-consumers-lost-82-million-to-crypto-scams-in-6-months
