May 20, 2021 – The U.S. Federal Trade Commission released a report on Monday warning that cryptocurrency fraud and scams are on the rise as more investors put their money into the blockchain.
The FTC also released guidance on how to protect yourself, as the relative novelty of cryptocurrency investments means that people might not even know they’re being taken advantage of.
Consumers are advised to keep an eye out for deals or returns that look too good to be true in the crypto space, just as with other online scams. MSN reports. | READ MORE