Cryptocurrency scams are getting more and more advanced leaving thousands of Americans at risk for schemes that lose them money…
But is it possible to reach a full recovery from crypto scams?
Or is this a lost cause for victims?
A Pipe Dream: Crypto Scam Recovery
This year, the FBI reported that in 2023…
Americans lost over $5.6 billion due to crypto scams, leaving many crypto scam victims seeking recovery…
If this seems like a lot, that’s because it is…
THIS WAS A 45% INCREASE FROM 2022.
It goes without saying that more and more people are starting to fall for scams…
And unfortunately not many are left with roads to recovery from crypto scams.
To make matters worse, everyone is at risk of losing money in this way. While individuals over 60 were the most likely to fall for these scams and reported the highest losses, losing $1.6 billion in total…
Gen Z loses the most money to online scams on average. Gen Z lost an average of $155 per scam, while those over 60 lost an average of $91 per scam.
Most of the crypto scams leaving victims in search of recovery were online investment scams.
And an overwhelming number of scams were reported as occurring in “crypto ATMs.”
Staying Safe From Scams
As with most scams, those looking for recovery from losses from crypto will not be seeing that money back. But the best way to recover from crypto scams is to avoid them in the first place…
Otherwise known as taking preventative measures.
The FBI recommends that if a company reaches out to you through a phone call, that you verify the number is actually registered with the company. They also suggest looking for inconsistencies in fake website domain names and email addresses.
If you suspect a crypto scam or you’re a victim seeking recovery, the FBI asks you to report it to the Internet Crime Complaint Center…
Ultimately, you won’t need recovery from a crypto scam if you stay alert…
In the end, if an investment seems too good to be true, it probably is.
Be Great,
GCTV Staff
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