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Federal Trade Commission Warns of Crypto Scams Utilizing Social Media
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[QUOTE="Yusra3, post: 210862, member: 31907"] The U.S. Government Trade Commission (FTC) distributed a "Buyer Protection Data Spotlight" last week, cautioning general society about tricks, including crypto speculation tricks, using online media. The FTC is a free office of the U.S. government whose vital mission is the requirement of common U.S. antitrust law and the advancement of customer security.In excess of 95,000 individuals announced about $770 million in misfortunes to extortion started via web-based media stages in 2021," FTC's program examiner Emma Fletcher composed. "Those misfortunes represent around 25% of all announced misfortunes to extortion in 2021 and address a staggering eighteenfold increment more than 2017 revealed misfortunes. The greater part of individuals who announced misfortunes to speculation tricks in 2021 said the trick began via online media," the FTC expert proceeded. "Reports to the FTC show con artists utilize web-based media stages to advance counterfeit speculation open doors, and even to associate with individuals straightforwardly as assumed companions to urge them to contribute. [/QUOTE]
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