Crypto fraud does not slow down, becoming an increasingly serious threat to investors every day.
Now the world of cryptocurrencies is reminiscent of the early years of the gold rush in the Wild West. People realized that it is possible to make huge profits on cryptocurrency and immediately began to invest a lot of money in digital assets. Such activity could not fail to attract the attention of scammers and cybercriminals who want to capitalize on gullible investors.
According to experts, crypto fraud is rapidly gaining momentum. It causes a constant headache for investors, who can lose all the money they earn in an instant and be left with nothing. The growth of crypto fraud was even mentioned in the statement of the US Federal Trade Commission (FTC): in the period from January 2021 to March 2022, crypto investors lost more than $1 billion through the fault of scammers. The average loss per victim was approximately $2,600.
A similar study by NordVPN in the UK shows that crypto scammers made £118 million ($133,249,769) in the first half of the year, up 58% from a year earlier. At the same time, the average losses of each individual victim were much larger: about 36,250 pounds ($40,331).
Such amounts of losses are partly related to the way the entire ecosystem is structured, the basis of which is decentralization - a definite advantage for crypto investors. But there are also disadvantages - in a decentralized system, there are many different companies that offer services for storing and transferring cryptocurrencies, while not having reliable security systems, any infrastructure and bureaucracy that helps to keep clients' funds even more secure. This means that it is easy for attackers to spoof emails, passing them off as messages from crypto wallet/cryptomixer companies, etc. And if the victim buys into the deception, he will lose his account, and then all his savings.
And how to keep your digital savings and not fall for the bait of scammers? It's simple:
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