Social media is to blame for $1B in crypto scam damages in 2021

Social media is to blame for $1B in crypto scam

Almost 50% of the purchasers who detailed a crypto-related scam in 2021 said it began with a promotion, post, or message via web-based entertainment. The United States Federal Trade Commission has marked online entertainment and crypto a “flammable mix for misrepresentation,” with almost 50% of all crypto-related scams starting from web-based media stages in 2021. […]