RATE Group | Cryptocurrency is Now the Second-Riskiest Scam – The Independent
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Cryptocurrency is Now the Second-Riskiest Scam – The Independent

13 Mar Cryptocurrency is Now the Second-Riskiest Scam – The Independent

Posted at 15:47h in Cryptocurrency News by

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The Better Business Bureau added cryptocurrency as a scam category in 2019, and it leapt to the second riskiest scam according to the latest BBB report.
The Better Business Bureau added cryptocurrency as a scam category in 2019, and it leapt to the second riskiest scam according to the latest BBB report.

Cryptocurrency Is Now the Second-Riskiest Scam

By Britta Clark

Two years ago, cryptocurrency scams were just emerging as a problem on BBB Scam Tracker, mostly a subset of investment scams. The Better Business Bureau added cryptocurrency as a scam category in 2019, and it leaped to the second riskiest scam, according to the latest BBB report, “New Risks and Emerging Technologies: 2019 BBB Scam Tracker Risk Report.”

Although employment scams remained the riskiest for the second year in a row, the surprise in the data was cryptocurrency in the No. 2 spot with a median dollar loss of $3,000. The report is based on data supplied by consumers to BBB Scam TrackerSM and uses the BBB Risk Index, a unique algorithm that calculates exposure, susceptibility, and monetary loss to offer a more accurate assessment of scam risk.

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