Wednesday, June 12, 2024
25.3 C
New Jersey

Over $10 Billion in Crypto Scams Targeting Americans in 2022

Must read

Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

Americans lost $10.3 billion online Tricks in 2022, with Accounting for investment losses in cryptocurrencies for about 25%.

Cryptocurrency fraud increased by 183% in 2022

The FBI report showed that online Crypto investment scams have been launched up to $2.57 billion in 2022 from $907 million in 2021, an increase of 183%.

Data collected via the Internet crime Complaints Center (IC3), agency responsible for Law enforcement and national Security, disclosed a $10.3 billion loss online scammers in 2022, up from $6.9 billion in 2021.

FBI also noticed spike in Cryptocurrency investments as scammers took feature of The emergence and exploration of the industry new users.

According to the report, most of the victims who reported cryptocurrency scams were between the ages of 30 and 49.

How scammers stole billions

The FBI highlighted the five most common investment tricks in 2022, including liquidity mining. Here, the victim connects their cryptocurrency wallet to a fake liquidity mining service, allowing the scammer to wipe their wallet. assets.

scammers also Hacked social media accounts for access Victim’s profile before targeting their friends and using Their confidence in committing a false investment offer.

In some cases, the FBI has indicated that scammers can also call a real real estate agent with casually to buy a expensive home using encryption. When the agent agrees to join, the fraudster convinces them that they own property worth millions.

scammers also Celebrity impersonation and built Fake friendships with victims using False investment opportunities.

In some cases, scammers also came up with Fake work. In this arrangement, the victim was enticed to make a request for Vacancies that do not exist in investment companies. However, they were given investment advice instead of I was offered a job. they goal To finally steal from the hopeful applicants.

(embed) https://www.youtubecom/watch? v = HpX0tDoSwT0 (/embed)

encryption hack and project failure in 2022

In 2022, cryptocurrency scams and related activities cost approximately 3.5 billion dollars. Name report Cryptocurrency scams of 2022 By Privacy Affairs confirmed scams effect on the market. Considering the series of If stablecoins fail, stock exchanges collapse, and cryptocurrency hacks, 2022 could be the worst. year in encryption.

prominent events of Winter 2022 encryption includes fall of Popular FTX exchange in November, which affected crypto prices and affected many blockchain companies. previously onLUNA and UST, the stablecoin algorithm, collapsed.

In early 2023, crypto banks, including Silvergate bank And Silicon Valley Bank (SVB) is closed shop and witnessed a bank run. This spreads fear and panic in the marketwhich led to a surge in cryptocurrency prices.

Besides banks, there are many blockchain companies also I mentioned billions of losses in Dollars from security breaches and exploits. the most recent attack He is on lending protocolEuler Finance, which was hacked for over $197 million.

More articles

Leave a Reply

Latest article