Americans lose Thousands of dollars to crypto scammers

it is alarming for crypto holder of other countries

what to now

Better Business Bureau (BBB) has sounded the alarm that 67,000 crypto scams have been reported

All of us face cons every other day, especially in connection with our finances. However, the riskiest type of scams are those that take place in the world of cryptocurrency and investment, the Better Business Bureau (BBB) has sounded the alarm.

The BBB highlighted the increasing number of crypto fraudsters preying on victims and making off with substantial sums of money, the CBS reported. In its annual report on the major scams of 2023, the BBB revealed startling statistics, drawing from 67,000 scams reported so far

Around 80% of Americans, who were targeted in crypto and investment scams during the past year ended up losing their money, the BBB said. The average amount of money lost in such scams stands at $3,800.

CBS News national consumer investigative correspondent Anna Werner shed light on the issue, saying, "Many people lose much more than that" in crypto scams.

Hackers start conversations with their potential target by utilising social media, video game platforms, or text messages. Once into a dialogue with their prey, they brag about their financial success resulting from crypto investments. As soon as the targeted person shows interest, the conversation takes a sharp turn, with scammers asking their target to do a certain act.

so please be careful

please be safe because it is hard to earn nowadays #TrendingTopic #HalvingHorizons #launchpoll #BNB‬ #halvingofbtc