Cryptocurrency Schemes Result in $5.6 Billion in Losses in 2023
Wednesday, 11 September 2024, 04:10
Crypto Fraud Incidents in 2023
According to the FBI, the total losses incurred due to cryptocurrency schemes in 2023 reached $5.6 billion. Among these figures, Massachusetts alone accounted for nearly $100 million in losses.
Types of Cryptocurrency Scams
- Pyramid schemes
- Phishing scams
- Fake investment platforms
With the rise of crypto trends, it is crucial for investors to remain vigilant and educated to avoid falling prey to these deceptive practices.
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.