8 common crypto scams and how to avoid them
From finance.yahoo.com
The Federal Trade Commission (FTC) reported consumers lost more than $12.5 billion to fraud in 2024, with investment scams accounting for $5.7 billion. Meanwhile, the FBI reported 181,565 cryptocurrency-related complaints in 2025, totaling more than $11 billion in consumer losses. Criminals find crypto enticing for several reasons. Transactions move quickly, cross borders easily, and, once sent, are often extremely difficult or impossible to recover. Bad intentions aren’t the only problem — human error and investor ignorance play a role as well. Many consumers don’t fully understand how wallets, exchanges, blockchain ...
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