Crypto Scams Are The Second Riskiest in North America

A report published by the Better Business Bureau (BBB) says that cryptocurrency-related scams are continually growing, becoming the second most risky of 2019 among North Americans.

According to research from trust-gauging organization published on March 2nd, scams averaged about $3,000 in losses for businesses and charities within Canada and the United States.

The usual tactic, the study claims, is that of false promises of a “significant” return on investment in cryptocurrencies.

With such figures on the table, it represents a notable uptick since their 2018 report’s numbers, which put average losses at $900.

Trading in crypto exchanges with security breaches listed in the study

Following the same line, the BBB also lists as crypto scams losses from trading on exchanges vulnerable to hacker attacks.

The organization considers cryptocurrencies risky assets due to transactions that cannot be reversed in the event of theft or hacking.

The same report cites only one testimony from an…