Mar 10, 08:00 AM

Americans Lose $47M, 78% in Ethereum to Cryptocurrency Phishing Scams, BBB Reports

Cryptocurrency scams are on the rise in the U.S., with Americans losing significant amounts of money to scams. The Better Business Bureau reported that about 80% of Americans targeted in crypto and investment scams last year lost money, with a median loss of $3,800. In February alone, approximately 57,000 victims lost around $47 million to crypto phishing scams, with Ethereum accounting for 78% of the stolen assets. The scams range from phishing attacks to tech support scams, resulting in substantial financial losses for individuals. Various alerts have been issued regarding specific incidents, such as exploitations and liquidations, emphasizing the importance of vigilance and security measures in the crypto space.

#Americans #Better Business Bureau #Ethereum

Written with ChatGPT (GPT-3).