Cryptocurrency Scams Surge 45% in 2023, Reports FBI
Losses from cryptocurrency scams in 2023 surged by 45%, reaching over $5.6 billion, according to the FBI. Scammers have exploited the quick and irreversible nature of digital asset transactions. With the increasing popularity of cryptocurrencies like Bitcoin and Ethereum, and the rise of exchange-traded funds (ETFs) that track their prices, both genuine investors and fraudsters have been drawn to the market.
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