According to figures issued by the Federal Trade Commission (FTC), more than 95,000 customers reported losses totaling $770 million due to fraud schemes that began on social media. This is a stunning quantity of money wasted by customers, and it represents a considerable rise from the $258 million in losses reported in 2020.
The FTC might partly explain the surge because cryptocurrency scams have recorded losses. Scams involving cryptocurrency accounted for 37% of recorded social media fraud losses. Cryptocurrencies are a prime target for fraudsters, especially social media, фишеры because of their utterly volatile character.
When dealing with anything on social media, it's a good idea to be suspicious. Here are some pointers on how to recognize common social media scams online and how to protect yourself from them.
1 Giveaway scam
One of the most prevalent cryptocurrency scams is the giveaway scam.
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