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TheStreet.com

Crypto: 46,000 People Lost $1 Billion to Cons in 15 Months

The euphoria around cryptocurrencies in 2021 has not only made millionaires and billionaires. Since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams, according to a new report from the Federal Trade Commission (FTC). The top cryptocurrencies people said they used to pay scammers were Bitcoin (70%), the king of crypto, stablecoin Tether (10%), and Ether (9%), the second-largest crypto by market value.

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