Cryptocurrency scammers have stolen over $1 billion from 46,000 people since the start of 2021, a new Federal Trade Commission report says.
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The FTC rang the alarm bells on Friday, saying crypto-related crimes amount to about one out of every four dollars reported lost to fraud -- more than any other payment method. The median individual reported loss was $2,600.Crypto is dead. Long live cryptoThe vast majority of those who reported being bilked used Bitcoin to pay scammers, at 70%, followed by Tether and Ether.
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