The US Federal Trade Commission (FTC) said more than 46,000 people have lost more than $ 1 billion in fraud from the beginning of last year to the first quarter of this year.
Blockchain media Discount reported that the FTC released a report on the report on the crime of stealing cryptocurrency.
According to the types of cryptocurrencies seized by fraud, Bitcoin was the highest with 70%, followed by tethers 10%and Ethereum 9%.
Half of the damages were found to be the beginning of fraud, advertising, posts, and messages on social media. In 2018, such cases accounted for 11%of the proportion, compared to each year. In terms of fraud, Instagram was 32%, Facebook 26%, WhatsApp 9%, and Telegram 7%.
Among the $ 417 million in cryptocurrency deodorant scam through social media, investment-related frauds are $ 273 million, and the ‘romance scam’ damage, which is approached by love, is $ 69 million, business-related fraud. The damage was $ 35 million.