13 InvestigatesScam Alert


Cryptocurrency sales, scams increase

Posted at 7:28 AM, May 18, 2021
and last updated 2021-05-18 10:50:37-04

As the popularity of cryptocurrency increases, so does the number of scams.

The Federal Trade Commission says crypto investment scams have cost Americans more than $80 million since October with victims losing an average of $1,900.

The agency says a lack of understanding of the crypto market plays right into the hands of scam artists.

The FTC says one scam offers investment tips where victims go to phony sites to purchase cryptocurrency.

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