Cryptocurrency Scams on the Rise - What You Should Know
Cryptocurrency Scams on the Rise - What You Should Know
According to a report published by the Federal Trade Commission in May 2021, just under 7,000 people reported losing over $80 million to scammers in cryptocurrency investment schemes between October of 2020 and the date the report was prepared. The report goes on to state that victims from 20 to 30 years of age suffered cryptocurrency losses of $35 million in these scams. That's more than any other age group. Investment scams are just one of many attack vectors cybercriminals use to defraud their victims in transactions involving digital currency.