News > Crypto Scam Victims Lost In Excess Of $1 Billion Since 2021

Crypto Scam Victims Lost In Excess Of $1 Billion Since 2021

Sureshkumarpakalapati | 06/06/2022 12:36 PM | Click to read full article

Since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams, according to a Federal Trade Commission report by the US government.

According to the report, crypto has several features that make it attractive to scammers. “Crypto transfers can’t be reversed – once the money’s gone, there’s no getting it back."