RATE Group | Cryptocurrency is deemed the second riskiest scam
82348
post-template-default,single,single-post,postid-82348,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency is deemed the second riskiest scam

09 Mar Cryptocurrency is deemed the second riskiest scam

Posted at 21:54h in Cryptocurrency News by

[ad_1]

In brief

  • The Better Business Bureau lists crypto as the second riskiest scam.
  • The BBB only added crypto as a potential scam in 2018.
  • The average amount lost is $3,000.

Cryptocurrency is the second riskiest scam around, according to the Better Business Bureau, a non-profit that provides information to Americans and Canadians about which businesses and charities can be trusted. 

The BBB scam tracker only added crypto as an option in 2019. Now, it’s second only to employment scams in terms of risk, it announced in a new report. 

According to the BBB, 32% of crypto scams involved the purchase of crypto; 23.4% involved digital assets as an investment opportunity; and a whopping 31% of crypto scams involved Chinese crypto exchange C2CX. Most forms of crypto scams were conducted via email. 

Fake crypto exchanges can be a way of losing money. Image: Shutterstock.

Crypto scams were tied with romance scams for the highest average losses, at $3,000. By comparison, most scams resulted in…

[ad_2]

Source link

Tags:
, , ,