Here’s How People Lost Close To $1B Worth Of Crypto (Mostly Bitcoin) To Scammers

A new report by the Federal Trade Commission suggests that more than 46,000 people reported losing over $1 billion in payment scams involving cryptocurrencies since the start of 2021.  The top cryptocurrencies people said they used to pay scammers were Bitcoin (CRYPTO: BTC) which accounted for 70%, followed by Tether (CRYPTO: USDT), 10%, and Ethereum (CRYPTO: ETH), 9%.