An internet-based medium for exchanging currency, cryptocurrency scams are targeted by the Better Business Bureau as being the second-riskiest scam of 2019.

The BBB reports employment scams remained in the top spot as the riskiest scams for the second year in a row. Cryptocurrency, however, was gaining ground because victims lost more money than many other scams.

Customers who lost money in a cryptocurrency scam lost a median of $3,000.

BBB ranks riskiness of scams through an algorithm that looks at monetary loss, exposure and susceptibility.

“Scammers take advantage of newer technologies and changes in the marketplace,” said Melissa Lanning Trumpower, executive director of the BBB Institute for Marketplace Trust, which produced the…