side-banner

Americans lost $185 Million to crypto romance scams in just 3 months

Shortpedia

Content Team
Image Credit: pxfuel

People lost crypto worth over $185 million in the US via romance scams in the first quarter this year, as fraudsters use new means to rob their victims, with romance scams featuring prominently. Nearly 46,000 Americans reported losing over $1 billion in crypto to scams since early 2021, according to a recent Federal Trade Commission (FTC) report.