Crypto: 46,000 people lost $1 billion to cons in 15 months

Crypto: 46,000 people lost $1 billion to cons in 15 months

By Luc Olinga Scammers are taking advantage of the crypto craze to line their pockets, FTC says. The euphoria around cryptocurrencies in 2021 has not only made millionaires and billionaires. It was also a ruin for thousands of retail investors. And things are not getting better since the beginning of 2022, crypto scams, which multiplied last year, continue. Since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams, according to a new report from the Federal Trade Commission (FTC). That’s about one out of every four dollars reported lost, more than...

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by