US panel: Cryptocurrency scam victims have lost more than $1 billion since 2021

A report from the US Federal Trade Commission (FTC), since the beginning of 2021, has reported 46,000 people losing more than $1 billion in crypto-related fraud.

According to the Federal Trade Commission, nearly all of those who lost their digital work in a scam initiated by an ad, post or ad said cryptocurrency continues to reach all-time highs of $69,000 in November.

According to reports, social media and cryptocurrency are an alternative mix of alt units, with $575 million in “pseudo-investment opportunities” accounting for nearly half of all alt issues in digital.

Nearly four out of ten reports, social media, is the most used media in such social situations.

The average single loss was $2,600, and the one crypto bride to pay the scammers was bitcoin, kite and ether, according to the Federal Trade Commission.