Fake Elon Musks and dating apps used in cryptocurrency scams worth over $80 million

Cyberspace scams are as onetime as the web itself, and they often evolve based on current trends and headlines. Co-ordinate to a study past the Federal Trade Commission (FTC), people have lost over $80 million to cryptocurrency scams since October 2022.

People between the ages of 20 and 49 appear to be the most likely to fall for these types of scams. People in their 20s and 30s are said to have lost more than $17.five one thousand thousand in investment scams involving cryptocurrency. The full investment scam losses for that age group total $35 million.

These scams come in many forms, but ane pop version involves people pretending to exist celebrities. The FTC report states that Elon Musk impersonators scammed people out of more than $2 million since last October.

"Scammers also use online dating sites to sweetness-talk people into bogus crypto investments in the proper name of love," reads the report. Sadly, these scams are just another fix of lies that people sometimes send through dating apps.

Some other way these scams announced is in the grade of false investment opportunities. Scammers attain out asking for people to invest money in substitution for promised big returns. These returns, of course, never arrive. In many instances, in that location isn't a way to get your coin back if you autumn for these scams, so it's important to be vigilant.

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