Sixty times the amount that was lost three years ago. 😮
stated in a report released on Friday. This is about a fourth of total revenue lost to scams but also the largest using any payment methods.
, more than what the likes of Apple, Microsoft, or Tesla individually commanded. The lure of the rising Bitcoin was also milked by scammers who pocketed more than a billion dollars in the year alone. According to the FTC report, social media platforms played a huge role in increasing the reach of these scams, and nearly half of the reported scams began either as an ad, a post, or a message on social media.
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