About 46,000 people have reported losing more than $1 billion to crypto scammers since the beginning of 2021, the US Federal Trade Commission (FTC) said in a report released on Friday. The median indi...
Tag: FTC
FTC Report Says Victims Of Crypto Scams Have Lost Over $1 Billion Since 2021 ⋆ ZyCrypto
Advertisement     Internet fraud is nothing new, but it appears to have found new life in the crypto space. A new report from the Federal Trade Commission revealed tha...
Crypto Scammers Have Drained Over $1 Billion From Consumers Last Year – FTC
Crypto scammers have defrauded more than 46,000 people over $1 billion since the start of 2021, according to a report released by the Federal Trade Commission on Friday. Fraudsters are capitalizing on...
FTC Reports Consumers Lost $1 Billion to Crypto Fraud Last Year
American consumers lost over $1 billion to cryptocurrency-related fraud over the course of the past year, according to a recent report from the Federal Trade Commission. According to the FTC’s latest ...
Crypto scams have cost investors over $1B since 2021- FTC
According to the Federal Trade Commission (FTC), over 46,000 people have lost more than $1 billion in less than two years to crypto frauds. According to an FTC report published on 3 June 2022, crypto ...
$1 Billion Worth of Crypto Lost to Scammers Since 2021: FTC
Alex Dovbnya New FTC report highlights rapid growth of cryptocurrency scams over past few years According to a recent report published by the Federal Trade Commission (FTC), 46,000 people have already...
Consumers Lost Over $1B to Crypto Fraud Since January 2021, FTC Says
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FTC launches investigation into infant formula shortage
A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that ...
Baby formula shortage is bringing out scammers, FTC warns
Sod Tatong | Moment | Getty Images Scammers are exploiting a nationwide baby formula shortage, tricking consumers into paying hefty prices through fraudulent online stores, the Federal Trade Commissio...
FTC sues Intuit for TurboTax’s misleading free tax-filing campaign
The Federal Trade Commission filed a lawsuit against TurboTax creator Intuit (INTU) this week, claiming its deceptive “free tax filing” ads are misleading American taxpayers. The consumer protection a...
Bureaucrats Need To Stay In Their Lanes
As someone who tried his hand as a bureaucrat (without much success) for a decade, I like to think that I at least learned a few lessons during my tenure in government. For starters, I discovered that...
This Move By The FTC Is The Latest Action Against BurgerIM.
A Calabasas-based chain of fast-food restaurants, BurgerIM, and its owner, Oren Loni, have been sued by the US FTC (Federal Trade Commission) for allegedly enticing consumers to buy franchises using f...
The FTC’s fight against big tech monopolies
Tough times are ahead for big tech in the US. The Federal Trade Commission (FTC), headed by Lina Khan, is determined to revise regulations that so far have not prevented Google, Apple, Meta or Amazon ...
Romance scams for crypto on the rise as FTC sends warning
Crypto scams on romance are on the rise in the Bay Area as FTC sends a warning More than 25 times scam reported than 2019 this year itself The median loss for consumers was nearly $9770 for last yea...
FTC Warns of Romance Scams Luring People Into Bogus Cryptocurrency Investments – Regulation Bitcoin News
The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency...
FTC likely suing to block Lockheed Martin buy
Four Aerojet Rocketdyne RS-25 engines attached to the core Stage for NASA’s Space Launch System rocket. NASA Aerojet Rocketdyne stock fell after the rocket engine and spacecraft propulsion maker...
Alert! US FTC informs possibility of new crypto scam
The Federal Trade Commission (FTC) issued a fresh fraud notice regarding the usage of cryptocurrency ATMs earlier today. According to the FTC, this fraud often comprises a QR code, a crypto ATM, and a...
Beware! US FTC releases new crypto scam alert
Crypto scammers are always trying to devise new means of defrauding unsuspecting members of the public. The Federal Trade Commission (FTC) earlier today published a new scam alert involving the use of...
FTC issues public warning about new crypto ATM scam
The FTC published an alert of a new version of a scam involving cryptocurrencies. The scam has three key components, an impersonator, a QR code and a crypto ATM where the victims will be directed to s...