Cryptocurrency Scams Unveiled: FBI Report Confirms $94 Million Losses in Maryland
Cryptocurrency Scams: An Overview
BALTIMORE -- Cryptocurrency scams are on the rise, costing Americans billions last year according to the FBI's 2023 Cryptocurrency Fraud Report. In Maryland, the losses reached nearly $94 million, highlighting a critical issue in financial security.
Impact of Cryptocurrency Fraud
- Cryptocurrency scams constitute just 10% of financial fraud complaints.
- However, they account for a significant portion of monetary losses.
- Victims often lose both money and personal information to scammers.
Expert Insights
Saduée Lemons, the public relations and social media manager for the Better Business Bureau of Greater Maryland, pointed out that the online nature of cryptocurrency makes it easier for fraudsters.
Marylanders need to stay informed and vigilant about cryptocurrency scams. By understanding the tactics used by fraudsters, individuals can better safeguard their assets.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.