🔰Scams and fraud will only end when people decide it’s time to put a stop to them. Until then, education and raising awareness are our most powerful tools."
🔰Americans lost $5.6 billion to cryptocurrency scammers last year, up 45% from 2022, according to the FBI's Cryptocurrency Fraud Report 2023.
🔰Even in cases where there hasn't been any money loss, FBI Director Christopher Wray stated that reporting such crimes to the FBI's Internet Crime Complaint Centre is the greatest method to prevent cryptocurrency scammers.
🔰The study states that the centre received over 69,000 complaints about cryptocurrency-related financial fraud and cybercrime last year.
🔰According to Wray, frauds aimed at cryptocurrency investors are "growing incredibly quickly in severity and complexity."
🔰According to the survey, frauds involving cryptocurrency investments are the most common, with $3.9 billion taken.
🔰Scams involving identity theft came in second, with losses exceeding $490 million.
🔰With over 16,000 reports totalling over $1.6 billion in losses, those over 60 reported the greatest number of crypto fraud incidents and suffered the greatest losses.
🔰The survey states that although 55 to 64-year-olds are more vulnerable to internet investment scams, Generation Z loses the most money to these types of schemes.
🔰Most victims of cryptocurrency scams involving kiosks or cryptocurrency ATMs were older than 60.
🔰Individuals in that age range lost over $124 million to cryptocurrency ATM scams.
🔰The second-largest loss was over $11 million, incurred by those in the 50–59 age range.
💥 DISCLAIMER: The interviews on this channel are mainly for general information purposes only. Never disregard professional, psychological, or medical advice, nor delay in seeking professional advice or treatment because of something you have heard from this podcast.
Some interviews and links to websites on this channel are sponsored. Mario Bekes / Life The Battlefield assumes no responsibility for the contents of linked websites. The inclusion of any link should not be taken as an endorsement of any kind.
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