FTC says victims of crypto scams have lost more than $1 billion since 2021

The world of crypto continues to draw scam artists and fraud. People have reported losing a combined total of over $1 billion due to crypto scams since the beginning of 2021, according to an FTC report released today. From January 2021 through March of this year, more than 46,000 individuals filed a crypto-related fraud report with the agency. The median individual reported loss in these reports was $2,600. Perhaps ironically, the most common coins used in scams are also the most widely used, as...