Americans lost $185 mn to crypto romance scams in just 3 months: Report
— Scams, Hard way, People lost crypto worth, Picture, Thirties, Financial content specialist, People, 000 americans reported losing, Generated, Analysis — 1 min read
People lost crypto worth over $185 million in the US via romance scams in the first quarter this year. Nearly 46,000 Americans reported losing over $1 billion in crypto to scams since early 2021. On average, victims of romance crypto scams lose about $10,000. Most likely victims are in the 20 to 40-year-old age bracket and people in their thirties lose 35 per cent of the losses. The most common type of crypto fraud are investment scams and since 2021, the US FTC has received complaints of losses totaling $575 million due to this kind of fraud. People in their seventies lose nearly $12,000 in these scams, according to a financial content specialist Elizabeth Kerr, a financial expert from the Financial Content Specialist. Source