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U.S. cryptocurrency scams soar tenfold since October, FTC says

Business man hiding white mask in his suit LightFieldStudios Envato Elements

Image: LightFieldStudios, Envato Elements

American consumers have lost an estimated US$80 million in cryptocurrency investments since October 2020, according to new data from the Federal Trade Commission, which calculated that digital currency scams had jumped tenfold year on year.

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