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FTC Reports Huge Jump in Cryptocurrency Scams

As the value of cryptocurrencies continue to soar, new investors are eager to get in on the action, and scammers are more than willing to accommodate them. According to the Federal Trade Commission, claims of losses from cryptocurrency fraud skyrocketed from October 2020 to March 2021. The median loss reported neared a 1,000 percent increase over the same period a year ago.

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