Crypto scammers made more than $1 billion since the beginning of 2021
According to the FTC, about 46 000 people were affected by the activities of criminals during this period
05.06.2022 - 06:30
384
1 min
0
What’s new? The US Federal Trade Commission (FTC) has published a report saying that crypto scammers have made a total of more than $1 billion since the beginning of 2021. About 46 000 people have been affected by the activities of criminals. The most popular currencies among crypto scammers became bitcoin, Tether, and Ethereum.
Details of the report. More than half of the scams began with some sort of post on social media platforms. The most common platforms became Instagram — 32%, and Facebook* — 26% (*the organization is recognized as extremist, and its activities are banned within the Russian Federation).
About $575 million were earned by scammers offering high returns to inexperienced investors. The second most popular method of fraud is extortion through dating sites, so the criminals have earned about $185 million.
The amount stolen for 2021 is almost 60 times higher than the same figure for 2018.
Earlier, the cybersecurity company CertiK reported that $1,67 billion was stolen from DeFi protocols in the first four months of 2022. The record amount was recorded in March — $719,2 million. The largest hack since the beginning of 2022 was the attack on the Ronin Network sidechain.
Useful material?
Market
The USDT issuer responded by saying that the report lacked sufficient data to support such claims
May 10, 2024
Incidents
The breach was reported to Binance by the head of its monitoring department, who was later fired
May 9, 2024
Trends
In April, the project’s launch on the crypto exchange was postponed twice
May 9, 2024
Incidents
Users were urged to withdraw funds before the site was completely shut down on November 7
May 8, 2024
Market
The outflow persists for four weeks
May 7, 2024
Market
The assets were valued at $630 000 at the time of receipt
May 6, 2024